Atlantic Trust Group LLC Holds Position in Amdocs Limited (DOX)
Atlantic Trust Group LLC maintained its position in Amdocs Limited (NASDAQ:DOX) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,740 shares of the technology company’s stock at the end of the second quarter. Atlantic Trust Group LLC’s holdings in Amdocs Limited were worth $757,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. OLD National Bancorp IN lifted its holdings in shares of Amdocs Limited by 0.6% in the second quarter. OLD National Bancorp IN now owns 4,358 shares of the technology company’s stock valued at $281,000 after purchasing an additional 25 shares in the last quarter. Financial Counselors Inc. lifted its holdings in shares of Amdocs Limited by 1.4% in the first quarter. Financial Counselors Inc. now owns 5,127 shares of the technology company’s stock valued at $313,000 after purchasing an additional 70 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Amdocs Limited by 2.6% in the second quarter. Huntington National Bank now owns 4,565 shares of the technology company’s stock valued at $295,000 after purchasing an additional 117 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Amdocs Limited by 2.2% in the second quarter. Pzena Investment Management LLC now owns 5,778 shares of the technology company’s stock valued at $372,000 after purchasing an additional 127 shares in the last quarter. Finally, World Asset Management Inc lifted its holdings in shares of Amdocs Limited by 1.3% in the first quarter. World Asset Management Inc now owns 15,496 shares of the technology company’s stock valued at $945,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 89.31% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Amdocs Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Barclays PLC restated a “hold” rating and issued a $68.00 target price on shares of Amdocs Limited in a report on Friday, August 4th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 target price (up previously from $68.00) on shares of Amdocs Limited in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $70.00 target price on shares of Amdocs Limited in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.63.
Shares of Amdocs Limited (NASDAQ DOX) opened at 64.00 on Tuesday. The company’s 50 day moving average price is $64.69 and its 200-day moving average price is $63.40. The stock has a market capitalization of $9.30 billion, a P/E ratio of 22.29 and a beta of 0.53. Amdocs Limited has a 12 month low of $54.91 and a 12 month high of $67.98.
Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. The business had revenue of $967 million for the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. Equities analysts predict that Amdocs Limited will post $3.81 earnings per share for the current 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 of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a 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.
Receive News & Stock Ratings for Amdocs Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs Limited and related stocks with our FREE daily email newsletter.