Janney Montgomery Scott LLC cut its stake in Amdocs Limited (NASDAQ:DOX) by 6.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 40,797 shares of the technology company’s stock after selling 2,707 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Amdocs were worth $2,484,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of DOX. First Allied Advisory Services Inc. lifted its holdings in shares of Amdocs by 6.0% during the first quarter. First Allied Advisory Services Inc. now owns 3,998 shares of the technology company’s stock valued at $220,000 after purchasing an additional 227 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Amdocs by 61.1% during the first quarter. Rockefeller Capital Management L.P. now owns 630 shares of the technology company’s stock valued at $35,000 after purchasing an additional 239 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in shares of Amdocs by 15.0% during the first quarter. Jacobi Capital Management LLC now owns 2,415 shares of the technology company’s stock valued at $133,000 after purchasing an additional 315 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Amdocs by 6.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,986 shares of the technology company’s stock worth $329,000 after acquiring an additional 350 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Amdocs by 2.9% in the 1st quarter. CENTRAL TRUST Co now owns 13,015 shares of the technology company’s stock worth $715,000 after acquiring an additional 369 shares during the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.
NASDAQ:DOX opened at $62.10 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.06. Amdocs Limited has a 12 month low of $44.05 and a 12 month high of $77.29. The company has a market cap of $8.32 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.77 and a beta of 0.69. The company has a 50 day simple moving average of $60.42 and a two-hundred day simple moving average of $63.35.
Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, May 7th. The technology company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. Amdocs had a net margin of 11.98% and a return on equity of 16.03%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Amdocs Limited will post 4.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Tuesday, June 30th were given a $0.327 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, June 29th. Amdocs’s dividend payout ratio (DPR) is presently 32.19%.
A number of brokerages recently weighed in on DOX. TheStreet upgraded shares of Amdocs from a “c+” rating to a “b-” rating in a report on Friday, May 15th. BidaskClub upgraded shares of Amdocs from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Citigroup decreased their price objective on shares of Amdocs from $83.00 to $76.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, ValuEngine lowered shares of Amdocs from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Amdocs has a consensus rating of “Hold” and an average target price of $76.40.
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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