Public Employees Retirement Association of Colorado boosted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,435 shares of the technology company’s stock after purchasing an additional 860 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Amdocs were worth $356,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Amundi Pioneer Asset Management Inc. bought a new position in shares of Amdocs in the third quarter valued at approximately $29,105,000. LSV Asset Management increased its holdings in shares of Amdocs by 17.1% in the fourth quarter. LSV Asset Management now owns 1,892,750 shares of the technology company’s stock valued at $123,937,000 after purchasing an additional 275,850 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Amdocs by 17.4% in the fourth quarter. Acadian Asset Management LLC now owns 1,780,570 shares of the technology company’s stock valued at $116,592,000 after purchasing an additional 264,046 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Amdocs by 5.3% in the third quarter. Wells Fargo & Company MN now owns 4,932,692 shares of the technology company’s stock valued at $317,271,000 after purchasing an additional 246,756 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Amdocs by 49.2% in the third quarter. New York State Common Retirement Fund now owns 739,279 shares of the technology company’s stock valued at $47,550,000 after purchasing an additional 243,679 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Amdocs Limited (DOX) traded down $0.72 on Wednesday, reaching $67.87. 339,477 shares of the company traded hands, compared to its average volume of 696,184. The company has a market cap of $9,887.58, a PE ratio of 21.89, a P/E/G ratio of 2.35 and a beta of 0.55. Amdocs Limited has a 1-year low of $60.30 and a 1-year high of $71.37.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Amdocs’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 1.47%. Amdocs’s payout ratio is 28.39%.
A number of brokerages recently weighed in on DOX. Stifel Nicolaus raised their price target on shares of Amdocs from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. BidaskClub raised shares of Amdocs from a “strong sell” rating to a “sell” rating in a report on Thursday, January 18th. Oppenheimer reaffirmed a “buy” rating and set a $77.00 target price on shares of Amdocs in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Amdocs from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, ValuEngine raised shares of Amdocs from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $70.71.
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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