Victory Capital Management Inc. raised its position in Amdocs Limited (NASDAQ:DOX) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,844 shares of the technology company’s stock after buying an additional 6,632 shares during the period. Victory Capital Management Inc.’s holdings in Amdocs were worth $3,853,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its stake in shares of Amdocs by 3.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,490 shares of the technology company’s stock worth $1,447,000 after purchasing an additional 835 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Amdocs by 14.2% during the 3rd quarter. Park Avenue Securities LLC now owns 6,857 shares of the technology company’s stock worth $443,000 after purchasing an additional 855 shares during the last quarter. Intrepid Capital Management Inc. increased its stake in shares of Amdocs by 0.3% during the 3rd quarter. Intrepid Capital Management Inc. now owns 324,451 shares of the technology company’s stock worth $20,869,000 after purchasing an additional 875 shares during the last quarter. BB&T Securities LLC increased its stake in shares of Amdocs by 7.9% during the 3rd quarter. BB&T Securities LLC now owns 13,502 shares of the technology company’s stock worth $868,000 after purchasing an additional 986 shares during the last quarter. Finally, Foyston Gordon & Payne Inc increased its stake in shares of Amdocs by 1.6% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 62,362 shares of the technology company’s stock worth $4,011,000 after purchasing an additional 993 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Amdocs Limited (NASDAQ:DOX) opened at $67.16 on Friday. Amdocs Limited has a one year low of $59.09 and a one year high of $71.37. The firm has a market cap of $9,632.29, a P/E ratio of 18.20, a P/E/G ratio of 2.29 and a beta of 0.52.
Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. The business had revenue of $977.70 million during the quarter, compared to analyst estimates of $979.13 million. During the same period in the previous year, the business earned $0.90 EPS. Amdocs’s revenue was up 2.4% compared to the same quarter last year. analysts expect that Amdocs Limited will post 3.75 EPS for the current year.
Amdocs declared that its Board of Directors has approved a stock buyback plan on Wednesday, November 8th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.49%. This is an increase from Amdocs’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, March 28th. Amdocs’s dividend payout ratio (DPR) is presently 28.39%.
A number of research firms recently weighed in on DOX. Stifel Nicolaus lifted their price objective on shares of Amdocs from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. BidaskClub upgraded shares of Amdocs from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 18th. Oppenheimer reiterated a “buy” rating and issued a $77.00 price objective on shares of Amdocs in a research note on Wednesday, January 31st. Finally, Zacks Investment Research upgraded shares of Amdocs from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.71.
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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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