Jane Street Group LLC lessened its holdings in Amdocs Limited (NASDAQ:DOX) by 52.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,732 shares of the technology company’s stock after selling 27,011 shares during the period. Jane Street Group LLC’s holdings in Amdocs were worth $1,591,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vident Investment Advisory LLC increased its position in Amdocs by 25.7% in the third quarter. Vident Investment Advisory LLC now owns 48,699 shares of the technology company’s stock worth $3,132,000 after purchasing an additional 9,942 shares during the last quarter. Intrepid Capital Management Inc. increased its position in Amdocs by 0.3% in the third 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. Commerzbank Aktiengesellschaft FI increased its position in Amdocs by 11.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 10,499 shares of the technology company’s stock worth $675,000 after purchasing an additional 1,110 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Amdocs by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,186,262 shares of the technology company’s stock worth $76,298,000 after purchasing an additional 38,480 shares during the last quarter. Finally, BB&T Securities LLC increased its position in Amdocs by 7.9% during the third quarter. BB&T Securities LLC now owns 13,502 shares of the technology company’s stock valued at $868,000 after acquiring an additional 986 shares during the last quarter. Institutional investors own 92.05% of the company’s stock.
Amdocs Limited (NASDAQ:DOX) traded up $0.70 during midday trading on Tuesday, hitting $66.18. 525,281 shares of the stock were exchanged, compared to its average volume of 428,850. The company has a market capitalization of $9,420.00, a PE ratio of 22.36, a PEG ratio of 2.25 and a beta of 0.53. Amdocs Limited has a 12-month low of $56.10 and a 12-month high of $67.98.
Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.05. The firm had revenue of $979.70 million for the quarter, compared to analysts’ expectations of $977.72 million. Amdocs had a net margin of 11.30% and a return on equity of 14.77%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. sell-side analysts expect that Amdocs Limited will post 3.72 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, December 28th. Amdocs’s payout ratio is presently 29.73%.
Amdocs declared that its board has approved a share buyback program on Wednesday, November 8th that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
DOX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Amdocs from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Friday, November 10th. BidaskClub cut shares of Amdocs from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 16th. Jefferies Group reiterated a “hold” rating and set a $70.00 price objective on shares of Amdocs in a research report on Thursday, October 12th. Oppenheimer reiterated a “buy” rating and set a $70.00 price objective on shares of Amdocs in a research report on Tuesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and set a $66.00 price objective on shares of Amdocs in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $70.29.
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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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