Amdocs Limited (DOX) Holdings Lifted by Rhumbline Advisers

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.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, February 5th. The technology company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.01). The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Amdocs had a net margin of 8.46% and a return on equity of 14.75%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. Equities analysts anticipate that Amdocs Limited will post 3.92 earnings per share for the current year.

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.

WARNING: “Amdocs Limited (DOX) Holdings Lifted by Rhumbline Advisers” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.com-unik.info/2019/02/13/amdocs-limited-dox-holdings-lifted-by-rhumbline-advisers.html.

About Amdocs

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.

Featured Story: What are earnings reports?

Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX).

Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit