Rhumbline Advisers grew its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 264,212 shares of the technology company’s stock after purchasing an additional 2,634 shares during the quarter. Rhumbline Advisers’ holdings in Amdocs were worth $15,478,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new stake in Amdocs in the 4th quarter valued at $58,000. Honkamp Krueger Financial Services Inc. acquired a new stake in Amdocs in the 3rd quarter valued at $124,000. Cerebellum GP LLC increased its holdings in Amdocs by 49.2% in the 4th quarter. Cerebellum GP LLC now owns 4,295 shares of the technology company’s stock valued at $252,000 after purchasing an additional 1,417 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Amdocs by 115.8% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,100 shares of the technology company’s stock valued at $271,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Amdocs by 490.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,373 shares of the technology company’s stock valued at $289,000 after purchasing an additional 3,633 shares in the last quarter. 93.23% of the stock is currently owned by institutional investors.
Shares of NASDAQ DOX opened at $55.73 on Wednesday. Amdocs Limited has a 12-month low of $52.60 and a 12-month high of $71.72. The firm has a market capitalization of $7.74 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.66 and a beta of 0.53.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.285 per share. The ex-dividend date is Thursday, March 28th. This is an increase from Amdocs’s previous quarterly dividend of $0.25. This represents a $1.14 annualized dividend and a dividend yield of 2.05%. Amdocs’s dividend payout ratio (DPR) is currently 26.74%.
Several analysts recently issued reports on DOX shares. Zacks Investment Research downgraded Amdocs from a “hold” rating to a “sell” rating in a report on Monday, November 26th. TheStreet downgraded Amdocs from a “b” rating to a “c+” rating in a report on Friday, November 9th. BidaskClub downgraded Amdocs from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Finally, JPMorgan Chase & Co. set a $70.00 price target on Amdocs and gave the company a “hold” rating in a report on Tuesday, December 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $71.03.
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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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