Burney Co. Has $8.03 Million Stake in Amdocs Limited (DOX)
Burney Co. increased its stake in Amdocs Limited (NASDAQ:DOX) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,716 shares of the technology company’s stock after buying an additional 7,248 shares during the period. Burney Co. owned about 0.09% of Amdocs Limited worth $8,033,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in DOX. Aperio Group LLC increased its stake in Amdocs Limited by 10.0% in the third quarter. Aperio Group LLC now owns 1,326,516 shares of the technology company’s stock valued at $76,739,000 after buying an additional 120,844 shares during the period. First Personal Financial Services increased its stake in Amdocs Limited by 13.9% in the third quarter. First Personal Financial Services now owns 85,728 shares of the technology company’s stock valued at $4,959,000 after buying an additional 10,464 shares during the period. Ifrah Financial Services Inc. increased its stake in Amdocs Limited by 191.9% in the third quarter. Ifrah Financial Services Inc. now owns 11,983 shares of the technology company’s stock valued at $693,000 after buying an additional 7,878 shares during the period. TimesSquare Capital Management LLC boosted its position in Amdocs Limited by 5.5% in the third quarter. TimesSquare Capital Management LLC now owns 2,711,000 shares of the technology company’s stock valued at $156,831,000 after buying an additional 142,000 shares in the last quarter. Finally, KCG Holdings Inc. boosted its position in Amdocs Limited by 44.4% in the third quarter. KCG Holdings Inc. now owns 13,889 shares of the technology company’s stock valued at $803,000 after buying an additional 4,273 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.
Shares of Amdocs Limited (NASDAQ:DOX) traded down 0.51% on Friday, reaching $64.75. 792,329 shares of the company’s stock traded hands. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 23.47 and a beta of 0.54. Amdocs Limited has a 52 week low of $54.12 and a 52 week high of $66.48. The stock’s 50-day moving average price is $63.82 and its 200-day moving average price is $61.03.
Amdocs Limited (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. Amdocs Limited had a net margin of 10.84% and a return on equity of 14.46%. The company had revenue of $966 million during the quarter, compared to the consensus estimate of $960.58 million. During the same quarter in the prior year, the company posted $0.92 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Amdocs Limited will post $3.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, June 28th. Amdocs Limited’s payout ratio is currently 31.88%.
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Several research firms recently issued reports on DOX. BidaskClub cut shares of Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research cut shares of Amdocs Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Robert W. Baird upped their price objective on shares of Amdocs Limited from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $68.00 target price on shares of Amdocs Limited in a research report on Tuesday, May 9th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $70.00 target price (up from $65.00) on shares of Amdocs Limited in a research report on Tuesday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.14.
Amdocs Limited Company Profile
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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