Robeco Institutional Asset Management B.V. lowered its stake in shares of Amdocs Limited (NASDAQ:DOX) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 872,311 shares of the technology company’s stock after selling 52,924 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.60% of Amdocs Limited worth $56,227,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of Amdocs Limited by 12.8% in the first quarter. FMR LLC now owns 12,620,266 shares of the technology company’s stock valued at $769,710,000 after buying an additional 1,435,539 shares during the period. BlackRock Inc. increased its position in shares of Amdocs Limited by 1,661.3% in the first quarter. BlackRock Inc. now owns 8,715,991 shares of the technology company’s stock valued at $531,590,000 after buying an additional 8,221,139 shares during the period. Boston Partners increased its position in shares of Amdocs Limited by 9.7% in the first quarter. Boston Partners now owns 7,464,464 shares of the technology company’s stock valued at $455,257,000 after buying an additional 661,397 shares during the period. Janus Capital Management LLC increased its position in shares of Amdocs Limited by 9.7% in the first quarter. Janus Capital Management LLC now owns 6,759,428 shares of the technology company’s stock valued at $412,250,000 after buying an additional 599,865 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of Amdocs Limited by 8.2% in the first quarter. OppenheimerFunds Inc. now owns 4,451,655 shares of the technology company’s stock valued at $271,507,000 after buying an additional 337,655 shares during the period. 88.74% of the stock is owned by institutional investors.

Shares of Amdocs Limited (NASDAQ:DOX) opened at 63.46 on Friday. Amdocs Limited has a 52 week low of $54.91 and a 52 week high of $67.98. The company’s 50 day moving average is $64.97 and its 200-day moving average is $63.03. The company has a market capitalization of $9.22 billion, a PE ratio of 22.10 and a beta of 0.54.

Amdocs Limited (NASDAQ:DOX) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $967 million for the quarter, compared to analyst estimates of $967.04 million. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. Amdocs Limited’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. On average, analysts expect that Amdocs Limited will post $3.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.39%. Amdocs Limited’s dividend payout ratio is currently 30.66%.

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DOX has been the subject of several analyst reports. J P Morgan Chase & Co reissued a “neutral” rating and set a $68.00 price target on shares of Amdocs Limited in a report on Tuesday, May 9th. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price target (up previously from $68.00) on shares of Amdocs Limited in a report on Thursday, August 3rd. BidaskClub raised shares of Amdocs Limited from a “strong sell” rating to a “sell” rating in a report on Saturday. Robert W. Baird boosted their price target on shares of Amdocs Limited from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research downgraded shares of Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $67.63.

About Amdocs Limited

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.

Institutional Ownership by Quarter for Amdocs Limited (NASDAQ:DOX)

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