TD Waterhouse Canada Inc. Has $12.68 Million Holdings in Amdocs Limited $DOX

TD Waterhouse Canada Inc. grew its stake in Amdocs Limited (NASDAQ:DOX) by 14.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,521 shares of the technology company’s stock after buying an additional 30,555 shares during the period. TD Waterhouse Canada Inc.’s holdings in Amdocs were worth $12,682,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DOX. WealthCollab LLC grew its holdings in Amdocs by 94.5% during the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Amdocs in the 4th quarter valued at $37,000. Los Angeles Capital Management LLC acquired a new position in Amdocs during the 4th quarter worth $39,000. Advisory Services Network LLC acquired a new position in Amdocs during the 3rd quarter worth $42,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in Amdocs by 190.2% during the third quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after acquiring an additional 390 shares during the period. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Down 1.7%

NASDAQ DOX opened at $62.21 on Friday. Amdocs Limited has a 1-year low of $49.74 and a 1-year high of $86.14. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.08 and a beta of 0.42. The stock’s 50 day moving average is $56.22 and its two-hundred day moving average is $60.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.84. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Amdocs had a return on equity of 20.28% and a net margin of 9.75%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 earnings per share. Equities 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, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.569 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.7%. Amdocs’s dividend payout ratio (DPR) is 54.05%.

Analyst Ratings Changes

Several analysts recently weighed in on DOX shares. Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Stifel Nicolaus lowered their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Cfra lowered shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a research note on Wednesday, August 5th. Finally, KeyCorp assumed coverage on shares of Amdocs in a report on Monday, June 29th. They issued a “sector weight” rating for the company. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.67.

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.