Intrepid Capital Management Inc. decreased its stake in Amdocs Limited (NASDAQ:DOX) by 74.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,276 shares of the technology company’s stock after selling 106,716 shares during the period. Intrepid Capital Management Inc.’s holdings in Amdocs were worth $2,314,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of DOX. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of Amdocs in the 2nd quarter valued at $47,000. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Amdocs by 110.0% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 905 shares of the technology company’s stock valued at $56,000 after buying an additional 474 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Amdocs in the 2nd quarter valued at $60,000. CENTRAL TRUST Co boosted its holdings in shares of Amdocs by 56.2% in the 2nd quarter. CENTRAL TRUST Co now owns 1,098 shares of the technology company’s stock valued at $69,000 after buying an additional 395 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Amdocs in the 2nd quarter valued at $73,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
DOX has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Amdocs from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. TheStreet upgraded shares of Amdocs from a “c+” rating to a “b-” rating in a research note on Tuesday, June 4th. BidaskClub upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. Finally, Zacks Investment Research cut shares of Amdocs from a “buy” rating to a “hold” rating and set a $67.00 price target for the company. in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $71.00.
Shares of NASDAQ:DOX opened at $66.17 on Friday. The stock has a market cap of $9.24 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.92 and a beta of 0.40. The firm has a fifty day moving average price of $64.18 and a 200 day moving average price of $59.51. Amdocs Limited has a 1-year low of $52.60 and a 1-year high of $67.57.
Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Amdocs had a net margin of 9.90% and a return on equity of 15.70%. Amdocs’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Analysts anticipate that Amdocs Limited will post 4.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Friday, September 27th. Amdocs’s dividend payout ratio is currently 30.48%.
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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