Strategic Global Advisors LLC Boosts Position in Amdocs Limited $DOX

Strategic Global Advisors LLC raised its stake in shares of Amdocs Limited (NASDAQ:DOX) by 41.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,858 shares of the technology company’s stock after buying an additional 14,700 shares during the quarter. Strategic Global Advisors LLC’s holdings in Amdocs were worth $4,014,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. WealthCollab LLC grew its holdings in Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after buying an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of Amdocs during the fourth quarter worth about $37,000. Abich Financial Wealth Management LLC purchased a new position in shares of Amdocs during the third quarter worth about $39,000. Los Angeles Capital Management LLC purchased a new position in shares of Amdocs during the fourth quarter worth about $39,000. Finally, Advisory Services Network LLC purchased a new position in shares of Amdocs during the third quarter worth about $42,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

DOX has been the subject of several recent analyst reports. Cfra lowered Amdocs to a “sell” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Stifel Nicolaus cut their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Amdocs currently has a consensus rating of “Hold” and an average target price of $86.67.

Amdocs Price Performance

Shares of DOX opened at $56.40 on Monday. The firm has a market cap of $6.09 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.98 and a beta of 0.38. The stock has a 50 day simple moving average of $63.18 and a two-hundred day simple moving average of $70.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. Amdocs Limited has a 1 year low of $55.27 and a 1 year high of $95.41.

Amdocs (NASDAQ:DOX) last issued its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.Amdocs’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 earnings per share. On average, analysts forecast that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.569 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a yield of 4.0%. Amdocs’s dividend payout ratio is currently 45.60%.

Amdocs Company Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.