Neuberger Berman Group LLC lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX – Get Rating) by 10.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 764,164 shares of the technology company’s stock after selling 88,773 shares during the period. Neuberger Berman Group LLC’s holdings in Amdocs were worth $62,821,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of DOX. HighTower Advisors LLC increased its holdings in Amdocs by 55.9% during the 4th quarter. HighTower Advisors LLC now owns 7,295 shares of the technology company’s stock valued at $543,000 after purchasing an additional 2,615 shares during the period. Geode Capital Management LLC grew its holdings in shares of Amdocs by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 1,834,382 shares of the technology company’s stock worth $137,361,000 after acquiring an additional 101,572 shares during the period. Schroder Investment Management Group grew its holdings in shares of Amdocs by 39.0% during the 4th quarter. Schroder Investment Management Group now owns 1,731,320 shares of the technology company’s stock worth $129,571,000 after acquiring an additional 486,113 shares during the period. Hilton Capital Management LLC grew its holdings in shares of Amdocs by 4.7% during the 4th quarter. Hilton Capital Management LLC now owns 2,949 shares of the technology company’s stock worth $221,000 after acquiring an additional 133 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Amdocs during the 4th quarter worth approximately $1,844,000. Hedge funds and other institutional investors own 88.11% of the company’s stock.
Analysts Set New Price Targets
DOX has been the topic of a number of research analyst reports. Citigroup upped their target price on Amdocs from $90.00 to $99.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Barclays upped their price target on Amdocs from $89.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $93.33.
Amdocs Stock Performance
Amdocs (NASDAQ:DOX – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The technology company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. Amdocs had a return on equity of 16.37% and a net margin of 12.10%. During the same quarter in the previous year, the business posted $1.26 EPS. As a group, research analysts forecast that Amdocs Limited will post 4.83 earnings per share for the current fiscal year.
Amdocs Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.58 annualized dividend and a dividend yield of 1.93%. Amdocs’s payout ratio is 36.24%.
Amdocs Company Profile
Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; the Monetization suite for charging, billing, policy, and revenue management; Intelligent Networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers.
- Get a free copy of the StockNews.com research report on Amdocs (DOX)
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