ETF Managers Group LLC acquired a new stake in Amdocs Limited (NASDAQ:DOX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,860 shares of the technology company’s stock, valued at approximately $2,312,000.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Amdocs Limited by 13.6% during the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock valued at $924,507,000 after purchasing an additional 1,722,080 shares in the last quarter. BlackRock Inc. increased its stake in Amdocs Limited by 1,661.3% during the 1st quarter. BlackRock Inc. now owns 8,715,991 shares of the technology company’s stock valued at $531,590,000 after purchasing an additional 8,221,139 shares in the last quarter. Janus Henderson Group PLC increased its stake in Amdocs Limited by 105,711.6% during the 2nd quarter. Janus Henderson Group PLC now owns 7,431,146 shares of the technology company’s stock valued at $479,012,000 after purchasing an additional 7,424,123 shares in the last quarter. Janus Capital Management LLC increased its stake in Amdocs Limited by 9.7% during the 1st quarter. Janus Capital Management LLC now owns 6,759,428 shares of the technology company’s stock valued at $412,250,000 after purchasing an additional 599,865 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Amdocs Limited by 6.0% during the 2nd quarter. Wells Fargo & Company MN now owns 4,685,936 shares of the technology company’s stock valued at $302,057,000 after purchasing an additional 266,473 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

DOX has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub lowered shares of Amdocs Limited from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 16th. Robert W. Baird restated a “hold” rating and set a $66.00 price target on shares of Amdocs Limited in a research note on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and set a $72.00 price target (up previously from $68.00) on shares of Amdocs Limited in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $59.00 price target on shares of Amdocs Limited in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $68.50.

Amdocs Limited (NASDAQ:DOX) remained flat at $65.52 during trading on Friday. The company’s stock had a trading volume of 95,911 shares. The company’s 50 day moving average price is $63.91 and its 200 day moving average price is $63.75. The stock has a market capitalization of $9.52 billion, a PE ratio of 22.82 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 issued its quarterly earnings results 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 firm had revenue of $967.00 million during the quarter, compared to the consensus estimate of $967.04 million. During the same period last year, the company earned $0.90 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Amdocs Limited will post $3.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.34%. Amdocs Limited’s payout ratio is presently 30.66%.

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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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