State of Alaska Department of Revenue lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 9.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 41,049 shares of the technology company’s stock after selling 4,326 shares during the period. State of Alaska Department of Revenue’s holdings in Amdocs were worth $2,547,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of DOX. FMR LLC lifted its position in shares of Amdocs by 12.1% during the 1st quarter. FMR LLC now owns 20,412,323 shares of the technology company’s stock worth $1,104,510,000 after purchasing an additional 2,203,154 shares during the last quarter. Norges Bank acquired a new position in Amdocs in the 4th quarter valued at approximately $89,204,000. Wells Fargo & Company MN raised its holdings in Amdocs by 28.1% in the 1st quarter. Wells Fargo & Company MN now owns 5,951,683 shares of the technology company’s stock valued at $322,045,000 after acquiring an additional 1,303,903 shares in the last quarter. Beutel Goodman & Co Ltd. raised its holdings in Amdocs by 41.9% in the 1st quarter. Beutel Goodman & Co Ltd. now owns 2,918,932 shares of the technology company’s stock valued at $118,189,000 after acquiring an additional 862,601 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in Amdocs by 209.1% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,090,517 shares of the technology company’s stock valued at $59,017,000 after acquiring an additional 737,705 shares in the last quarter. 90.80% of the stock is owned by institutional investors and hedge funds.
DOX has been the subject of several recent research reports. ValuEngine raised Amdocs from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. TheStreet upgraded Amdocs from a “c+” rating to a “b-” rating in a research note on Tuesday, June 4th. BidaskClub upgraded Amdocs from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Zacks Investment Research lowered Amdocs from a “buy” rating to a “hold” rating and set a $67.00 price objective on the stock. in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lowered their price objective on Amdocs from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 15th. Four research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $67.00.
Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, May 14th. The technology company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. Amdocs had a return on equity of 15.18% and a net margin of 8.96%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Amdocs Limited will post 4.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, June 28th were given a dividend of $0.285 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a yield of 1.82%. Amdocs’s dividend payout ratio (DPR) is presently 30.48%.
Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.
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