Amdocs Limited (NASDAQ:DOX) Shares Bought by Huntington National Bank

Huntington National Bank boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 7.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,856 shares of the technology company’s stock after purchasing an additional 202 shares during the period. Huntington National Bank’s holdings in Amdocs were worth $189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Park Avenue Securities LLC grew its position in shares of Amdocs by 2.6% during the 3rd quarter. Park Avenue Securities LLC now owns 6,197 shares of the technology company’s stock valued at $410,000 after acquiring an additional 158 shares during the period. Robecosam AG grew its position in shares of Amdocs by 10.5% during the 2nd quarter. Robecosam AG now owns 2,100 shares of the technology company’s stock valued at $130,000 after acquiring an additional 200 shares during the period. ETRADE Capital Management LLC grew its position in shares of Amdocs by 2.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 10,199 shares of the technology company’s stock valued at $633,000 after acquiring an additional 279 shares during the period. Farr Miller & Washington LLC DC grew its position in shares of Amdocs by 3.9% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 8,520 shares of the technology company’s stock valued at $529,000 after acquiring an additional 320 shares during the period. Finally, Eqis Capital Management Inc. grew its position in shares of Amdocs by 6.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 6,006 shares of the technology company’s stock valued at $373,000 after acquiring an additional 365 shares during the period. 92.32% of the stock is currently owned by institutional investors.

DOX stock traded up $0.62 during trading on Friday, hitting $67.12. The stock had a trading volume of 695,600 shares, compared to its average volume of 839,539. Amdocs Limited has a twelve month low of $52.60 and a twelve month high of $67.57. The company’s 50-day moving average price is $65.80 and its two-hundred day moving average price is $62.67. The stock has a market capitalization of $9.20 billion, a P/E ratio of 17.95, a PEG ratio of 1.81 and a beta of 0.39.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.08. Amdocs had a net margin of 9.90% and a return on equity of 15.70%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Amdocs Limited will post 4.05 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on DOX shares. JPMorgan Chase & Co. raised their target price on Amdocs from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Zacks Investment Research cut Amdocs from a “buy” rating to a “hold” rating and set a $67.00 target price on the stock. in a research report on Tuesday, July 16th. Finally, BidaskClub cut Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $71.00.

Amdocs Company Profile

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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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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