Healthcare of Ontario Pension Plan Trust Fund Invests $1.48 Million in Amdocs Limited (NASDAQ:DOX)


Share on StockTwits

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Amdocs Limited (NASDAQ:DOX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,800 shares of the technology company’s stock, valued at approximately $1,475,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its stake in shares of Amdocs by 13.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,096 shares of the technology company’s stock valued at $78,000 after purchasing an additional 131 shares during the period. Rehmann Capital Advisory Group boosted its holdings in Amdocs by 1.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 13,145 shares of the technology company’s stock worth $932,000 after buying an additional 166 shares during the last quarter. Banque Cantonale Vaudoise grew its position in shares of Amdocs by 1.8% during the 4th quarter. Banque Cantonale Vaudoise now owns 9,430 shares of the technology company’s stock worth $668,000 after buying an additional 167 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Amdocs by 50.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 668 shares of the technology company’s stock valued at $47,000 after acquiring an additional 224 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of Amdocs by 5.4% in the 4th quarter. Cresset Asset Management LLC now owns 5,876 shares of the technology company’s stock valued at $419,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Amdocs stock opened at $74.33 on Tuesday. The company has a 50 day moving average of $77.43 and a 200-day moving average of $68.92. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. Amdocs Limited has a twelve month low of $54.68 and a twelve month high of $82.38. The stock has a market capitalization of $9.75 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.85 and a beta of 0.76.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Monday, February 1st. The technology company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.14 by $0.02. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Amdocs had a net margin of 11.94% and a return on equity of 15.57%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. Equities analysts anticipate that Amdocs Limited will post 4.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 23rd. Investors of record on Wednesday, March 31st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, March 30th. This is a positive change from Amdocs’s previous quarterly dividend of $0.33. Amdocs’s dividend payout ratio (DPR) is currently 34.37%.

Several research firms have weighed in on DOX. Oppenheimer reiterated a “buy” rating on shares of Amdocs in a report on Friday. Citigroup raised their price objective on Amdocs from $82.00 to $87.00 in a research note on Wednesday, February 3rd.

About Amdocs

Amdocs Ltd. is a holding company, which engages in the provision of software and services solutions for communications, entertainment, and media industries. It specializes in the development, implementation, and management of software and services associate with business support systems, operational support systems, service-driven network and other network solutions, entertainment offerings, and digital solutions.

Featured Article: Dividend Aristocrat Index

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.