Verition Fund Management LLC lifted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 97.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,857 shares of the technology company’s stock after acquiring an additional 10,794 shares during the quarter. Verition Fund Management LLC’s holdings in Amdocs were worth $1,431,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of DOX. Two Sigma Advisers LP increased its stake in shares of Amdocs by 809.4% during the fourth quarter. Two Sigma Advisers LP now owns 984,898 shares of the technology company’s stock valued at $64,491,000 after acquiring an additional 876,600 shares during the period. Two Sigma Investments LP acquired a new position in shares of Amdocs during the fourth quarter valued at approximately $55,651,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Amdocs during the fourth quarter valued at approximately $37,825,000. Amundi Pioneer Asset Management Inc. bought a new stake in Amdocs during the third quarter worth approximately $29,105,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Amdocs during the fourth quarter worth approximately $21,330,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Shares of Amdocs Limited (DOX) opened at $67.91 on Friday. The firm has a market cap of $9,734.12, a P/E ratio of 21.91, a P/E/G ratio of 2.31 and a beta of 0.55. Amdocs Limited has a 1-year low of $60.30 and a 1-year high of $71.37.
Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, January 30th. The technology company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.17. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. The firm had revenue of $977.70 million during the quarter, compared to analysts’ expectations of $979.13 million. During the same period last year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts forecast that Amdocs Limited will post 3.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be paid a $0.25 dividend. This is a positive change from Amdocs’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. Amdocs’s dividend payout ratio (DPR) is currently 28.39%.
A number of brokerages recently weighed in on DOX. ValuEngine upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Oppenheimer restated a “buy” rating and set a $77.00 target price on shares of Amdocs in a report on Wednesday, January 31st. Stifel Nicolaus raised their target price on shares of Amdocs from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BidaskClub upgraded shares of Amdocs from a “strong sell” rating to a “sell” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research upgraded shares of Amdocs from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. One investment 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. Amdocs currently has a consensus rating of “Hold” and an average 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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