TimesSquare Capital Management LLC lowered its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,325,425 shares of the technology company’s stock after selling 63,900 shares during the quarter. Amdocs Limited accounts for about 1.0% of TimesSquare Capital Management LLC’s portfolio, making the stock its 17th biggest position. TimesSquare Capital Management LLC owned about 1.59% of Amdocs Limited worth $149,897,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DOX. Fox Run Management L.L.C. bought a new position in shares of Amdocs Limited during the second quarter worth about $851,000. KCG Holdings Inc. grew its holdings in shares of Amdocs Limited by 118.7% during the first quarter. KCG Holdings Inc. now owns 15,275 shares of the technology company’s stock worth $932,000 after buying an additional 8,292 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Amdocs Limited by 14.2% during the first quarter. Legal & General Group Plc now owns 635,545 shares of the technology company’s stock worth $38,763,000 after buying an additional 78,796 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Amdocs Limited by 12.6% during the first quarter. Bank of America Corp DE now owns 1,318,784 shares of the technology company’s stock worth $80,433,000 after buying an additional 147,542 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Amdocs Limited by 647.3% during the first quarter. Tower Research Capital LLC TRC now owns 4,566 shares of the technology company’s stock worth $278,000 after buying an additional 3,955 shares in the last quarter. 89.31% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. Barclays PLC restated a “hold” rating and issued a $68.00 price target on shares of Amdocs Limited in a research note on Friday, August 4th. Zacks Investment Research downgraded Amdocs Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and issued a $68.00 price target on shares of Amdocs Limited in a research note on Wednesday, June 28th. Robert W. Baird restated a “hold” rating and issued a $66.00 price target on shares of Amdocs Limited in a research note on Friday, September 1st. Finally, BidaskClub downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.63.

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Amdocs Limited (DOX) traded down 0.52% on Thursday, reaching $63.49. The company’s stock had a trading volume of 178,460 shares. The firm’s 50-day moving average price is $64.82 and its 200 day moving average price is $63.33. Amdocs Limited has a 52-week low of $54.91 and a 52-week high of $67.98. The company has a market cap of $9.23 billion, a P/E ratio of 22.11 and a beta of 0.53.

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

The firm 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 $0.22 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.38%. Amdocs Limited’s dividend payout ratio (DPR) is presently 30.66%.

Amdocs Limited 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.

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

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