Edgestream Partners L.P. Boosts Stock Holdings in Amdocs Limited $DOX

Edgestream Partners L.P. raised its position in shares of Amdocs Limited (NASDAQ:DOX) by 243.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 50,055 shares of the technology company’s stock after acquiring an additional 35,477 shares during the quarter. Edgestream Partners L.P.’s holdings in Amdocs were worth $3,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Pzena Investment Management LLC lifted its holdings in Amdocs by 82.6% during the fourth quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock valued at $969,100,000 after purchasing an additional 5,443,766 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Amdocs by 155.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company’s stock worth $169,908,000 after purchasing an additional 1,283,231 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Amdocs by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after purchasing an additional 571,036 shares during the period. Squarepoint Ops LLC raised its position in shares of Amdocs by 469.4% in the fourth quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company’s stock valued at $43,787,000 after purchasing an additional 448,358 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of Amdocs by 501.1% during the 4th quarter. Voloridge Investment Management LLC now owns 520,494 shares of the technology company’s stock valued at $41,905,000 after buying an additional 433,907 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOX has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. KeyCorp initiated coverage on Amdocs in a research note on Monday, June 29th. They issued a “sector weight” rating for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Finally, Cfra downgraded shares of Amdocs to a “sell” rating in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.67.

Amdocs Stock Up 0.8%

DOX opened at $55.72 on Friday. The business’s fifty day simple moving average is $54.92 and its 200 day simple moving average is $64.23. Amdocs Limited has a 52 week low of $49.74 and a 52 week high of $90.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $6.01 billion, a PE ratio of 11.14, a P/E/G ratio of 0.97 and a beta of 0.41.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $1.78 EPS. As a group, research analysts expect that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Amdocs’s dividend payout ratio is 45.60%.

Amdocs 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.