Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 41.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,738 shares of the technology company’s stock after selling 1,231 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Amdocs Limited were worth $112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fox Run Management L.L.C. bought a new position in Amdocs Limited during the 2nd quarter worth approximately $851,000. KCG Holdings Inc. lifted its holdings in Amdocs Limited by 118.7% during the 1st 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 during the last quarter. Legal & General Group Plc lifted its holdings in Amdocs Limited by 14.2% during the 1st 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 during the last quarter. Bank of America Corp DE lifted its holdings in Amdocs Limited by 12.6% during the 1st 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 during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Amdocs Limited by 647.3% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

A number of research analysts have commented on DOX shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 target price on shares of Amdocs Limited in a report on Wednesday, June 28th. Zacks Investment Research raised Amdocs Limited from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, August 4th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $70.00 target price on shares of Amdocs Limited in a report on Tuesday, September 5th. BidaskClub raised Amdocs Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Barclays PLC reaffirmed a “hold” rating and set a $68.00 target price on shares of Amdocs Limited in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.50.

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Shares of Amdocs Limited (NASDAQ:DOX) opened at 64.16 on Friday. The company has a market cap of $9.33 billion, a P/E ratio of 22.35 and a beta of 0.53. Amdocs Limited has a one year low of $54.91 and a one year high of $67.98. The company has a 50 day moving average price of $64.12 and a 200 day moving average price of $63.51.

Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, beating 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 company had revenue of $967.00 million for the quarter, compared to analyst estimates of $967.04 million. During the same period in the prior year, the company posted $0.90 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts expect that Amdocs Limited will post $3.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.37%. Amdocs Limited’s dividend payout ratio is currently 30.66%.

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.

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

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