Amdocs Limited (NASDAQ:DOX) Shares Sold by Bowling Portfolio Management LLC

Bowling Portfolio Management LLC decreased its stake in shares of Amdocs Limited (NASDAQ:DOX) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,932 shares of the technology company’s stock after selling 86 shares during the period. Bowling Portfolio Management LLC’s holdings in Amdocs Limited were worth $2,767,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in Amdocs Limited during the second quarter valued at $851,000. KCG Holdings Inc. increased its position in shares of Amdocs Limited by 118.7% in the first quarter. KCG Holdings Inc. now owns 15,275 shares of the technology company’s stock worth $932,000 after buying an additional 8,292 shares during the period. Legal & General Group Plc increased its position in shares of Amdocs Limited by 14.2% in the first quarter. Legal & General Group Plc now owns 635,545 shares of the technology company’s stock worth $38,763,000 after buying an additional 78,796 shares during the period. Bank of America Corp DE increased its position in shares of Amdocs Limited by 12.6% in the first quarter. Bank of America Corp DE now owns 1,318,784 shares of the technology company’s stock worth $80,433,000 after buying an additional 147,542 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Amdocs Limited by 647.3% in the first quarter. Tower Research Capital LLC TRC now owns 4,566 shares of the technology company’s stock worth $278,000 after buying an additional 3,955 shares during the period. Hedge funds and other institutional investors own 88.74% of the company’s stock.

Shares of Amdocs Limited (NASDAQ DOX) opened at 62.36 on Friday. The firm’s 50-day moving average price is $65.16 and its 200 day moving average price is $62.88. The company has a market capitalization of $9.06 billion, a PE ratio of 21.72 and a beta of 0.54. Amdocs Limited has a 1-year low of $54.91 and a 1-year high of $67.98.

Amdocs Limited (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $967 million during the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. Equities analysts predict that Amdocs Limited will post $3.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 1.41%. Amdocs Limited’s payout ratio is 30.66%.

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A number of equities analysts have weighed in on DOX shares. J P Morgan Chase & Co reissued a “neutral” rating and set a $68.00 price target on shares of Amdocs Limited in a research report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 target price (up previously from $68.00) on shares of Amdocs Limited in a research report on Thursday, August 3rd. Robert W. Baird upped their target price on Amdocs Limited from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, May 10th. BidaskClub downgraded Amdocs Limited from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, Zacks Investment Research cut Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One equities research 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. The company has an average rating of “Hold” and an average target price of $67.63.

Amdocs Limited Company Profile

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.

Institutional Ownership by Quarter for Amdocs Limited (NASDAQ:DOX)

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