Atria Investments LLC decreased its stake in shares of Amdocs Limited (NASDAQ:DOX) by 20.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,614 shares of the technology company’s stock after selling 951 shares during the period. Atria Investments LLC’s holdings in Amdocs were worth $239,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. purchased a new position in Amdocs during the fourth quarter worth approximately $345,000. LPL Financial LLC increased its position in shares of Amdocs by 14.4% in the fourth quarter. LPL Financial LLC now owns 9,780 shares of the technology company’s stock worth $640,000 after acquiring an additional 1,233 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Amdocs by 1.3% in the first quarter. Wells Fargo & Company MN now owns 5,176,087 shares of the technology company’s stock worth $345,348,000 after acquiring an additional 64,499 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Amdocs by 1.1% in the first quarter. Daiwa Securities Group Inc. now owns 133,812 shares of the technology company’s stock worth $8,928,000 after acquiring an additional 1,403 shares in the last quarter. Finally, Ifrah Financial Services Inc. increased its position in shares of Amdocs by 32.4% in the first quarter. Ifrah Financial Services Inc. now owns 6,074 shares of the technology company’s stock worth $405,000 after acquiring an additional 1,485 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.
DOX opened at $64.63 on Friday. The firm has a market cap of $9.26 billion, a P/E ratio of 17.45, a PEG ratio of 2.02 and a beta of 0.57. Amdocs Limited has a twelve month low of $61.00 and a twelve month high of $71.72.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.55%. Amdocs’s dividend payout ratio (DPR) is 28.17%.
Several equities research analysts have recently issued reports on DOX shares. BidaskClub lowered shares of Amdocs from a “hold” rating to a “sell” rating in a research report on Saturday, April 14th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Amdocs in a research report on Monday, April 30th. ValuEngine lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $72.60.
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.
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