Engineers Gate Manager LP reduced its position in Amdocs Limited (NASDAQ:DOX – Get Rating) by 59.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,000 shares of the technology company’s stock after selling 7,220 shares during the period. Engineers Gate Manager LP’s holdings in Amdocs were worth $397,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tempus Wealth Planning LLC grew its stake in Amdocs by 4.8% in the third quarter. Tempus Wealth Planning LLC now owns 2,726 shares of the technology company’s stock valued at $217,000 after acquiring an additional 125 shares during the period. D.A. Davidson & CO. increased its position in Amdocs by 3.3% during the third quarter. D.A. Davidson & CO. now owns 4,147 shares of the technology company’s stock worth $329,000 after buying an additional 134 shares during the last quarter. Macquarie Group Ltd. increased its position in Amdocs by 0.5% during the third quarter. Macquarie Group Ltd. now owns 31,548 shares of the technology company’s stock worth $2,507,000 after buying an additional 148 shares during the last quarter. Riverview Trust Co increased its position in Amdocs by 32.8% during the third quarter. Riverview Trust Co now owns 611 shares of the technology company’s stock worth $49,000 after buying an additional 151 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Amdocs by 7.0% during the third quarter. Commonwealth Equity Services LLC now owns 2,592 shares of the technology company’s stock worth $205,000 after buying an additional 169 shares during the last quarter. 88.11% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently commented on DOX. Barclays upped their target price on Amdocs to $100.00 in a research report on Tuesday, November 15th. Oppenheimer increased their price target on Amdocs from $94.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Finally, Robert W. Baird increased their price target on Amdocs from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amdocs has a consensus rating of “Moderate Buy” and a consensus target price of $98.75.
Amdocs Stock Down 0.9 %
Amdocs Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Amdocs’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 30th. Amdocs’s dividend payout ratio is presently 35.59%.
Amdocs Ltd. is a holding company, which engages in the provision of software products and services for the communications, entertainment, and media industry service providers. The company was founded in 1988 and is headquartered in Saint Louis, MO.
- Get a free copy of the StockNews.com research report on Amdocs (DOX)
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