Oak Associates Ltd. OH increased its stake in shares of Amdocs Limited (NASDAQ:DOX) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,395 shares of the technology company’s stock after buying an additional 6,500 shares during the quarter. Oak Associates Ltd. OH owned about 0.11% of Amdocs Limited worth $10,017,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in DOX. BB&T Investment Services Inc. purchased a new stake in shares of Amdocs Limited during the second quarter valued at $118,000. Acrospire Investment Management LLC purchased a new stake in shares of Amdocs Limited during the second quarter valued at $155,000. Robecosam AG grew its holdings in shares of Amdocs Limited by 37.8% during the second quarter. Robecosam AG now owns 2,550 shares of the technology company’s stock valued at $163,000 after buying an additional 700 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Amdocs Limited during the second quarter valued at $218,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Amdocs Limited during the first quarter valued at $220,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on DOX shares. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $77.00 price objective on shares of Amdocs Limited in a report on Wednesday, September 27th. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price objective (up from $68.00) on shares of Amdocs Limited in a report on Thursday, August 3rd. BidaskClub raised shares of Amdocs Limited from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research lowered shares of Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Jefferies Group LLC restated a “hold” rating and set a $70.00 target price on shares of Amdocs Limited in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $69.88.
Amdocs Limited (NASDAQ DOX) remained flat at $65.64 on Friday. 320,482 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $64.36 and a 200-day moving average price of $63.89. Amdocs Limited has a one year low of $54.91 and a one year high of $67.98. The stock has a market cap of $9.54 billion, a PE ratio of 22.86 and a beta of 0.53.
Amdocs Limited (NASDAQ:DOX) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The company had revenue of $967.00 million for the quarter, compared to the consensus estimate of $967.04 million. During the same period last year, the firm posted $0.90 EPS. Amdocs Limited’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Amdocs Limited will post $3.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, September 28th. Amdocs Limited’s payout ratio is currently 30.66%.
Amdocs Limited Company Profile
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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