Pagoda Asset Management LP Has $6.40 Million Holdings in Amdocs Limited (DOX)

Pagoda Asset Management LP cut its holdings in Amdocs Limited (NASDAQ:DOX) by 65.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,958 shares of the technology company’s stock after selling 185,280 shares during the quarter. Amdocs comprises approximately 2.7% of Pagoda Asset Management LP’s holdings, making the stock its 15th largest position. Pagoda Asset Management LP owned about 0.07% of Amdocs worth $6,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOX. Schwab Charles Investment Management Inc. lifted its stake in Amdocs by 5.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 121,031 shares of the technology company’s stock valued at $7,926,000 after acquiring an additional 6,532 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Amdocs in the fourth quarter valued at approximately $459,000. Victory Capital Management Inc. raised its position in shares of Amdocs by 12.7% in the fourth quarter. Victory Capital Management Inc. now owns 58,844 shares of the technology company’s stock valued at $3,853,000 after purchasing an additional 6,632 shares during the period. US Bancorp DE raised its position in shares of Amdocs by 10.1% in the fourth quarter. US Bancorp DE now owns 34,290 shares of the technology company’s stock valued at $2,244,000 after purchasing an additional 3,156 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Amdocs by 18.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,435 shares of the technology company’s stock valued at $356,000 after purchasing an additional 860 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

DOX has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Amdocs from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Thursday, May 17th. Jefferies Financial Group raised shares of Amdocs from a “hold” rating to a “buy” rating and dropped their price target for the company from $71.37 to $60.20 in a research report on Monday, March 19th. ValuEngine raised shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub raised shares of Amdocs from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of Amdocs in a research report on Monday, April 30th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $70.03.



Shares of Amdocs traded down $0.34, reaching $69.57, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 1,538 shares, compared to its average volume of 565,448. Amdocs Limited has a 52 week low of $61.00 and a 52 week high of $71.72. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 2.33 and a beta of 0.55.

Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, May 10th. The technology company reported $0.95 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.95. Amdocs had a net margin of 11.36% and a return on equity of 15.07%. The business had revenue of $992.34 million for the quarter, compared to analyst estimates of $980.59 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Amdocs’s revenue was up 2.7% compared to the same quarter last year. research analysts expect that Amdocs Limited will post 3.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, June 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 28th. Amdocs’s dividend payout ratio (DPR) is currently 28.17%.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.

Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX).

Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply