Amdocs Limited (DOX) Holdings Reduced by Westwood Holdings Group Inc.
Westwood Holdings Group Inc. reduced its position in Amdocs Limited (NASDAQ:DOX) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,691,090 shares of the technology company’s stock after selling 136,640 shares during the period. Amdocs Limited comprises approximately 1.4% of Westwood Holdings Group Inc.’s holdings, making the stock its 12th biggest holding. Westwood Holdings Group Inc. owned 1.84% of Amdocs Limited worth $173,418,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in DOX. Victory Capital Management Inc. grew its stake in Amdocs Limited by 50.6% in the 1st quarter. Victory Capital Management Inc. now owns 31,893 shares of the technology company’s stock worth $1,945,000 after acquiring an additional 10,721 shares during the period. Teachers Advisors LLC grew its stake in Amdocs Limited by 23.2% in the 1st quarter. Teachers Advisors LLC now owns 228,708 shares of the technology company’s stock worth $13,949,000 after acquiring an additional 43,089 shares during the period. Ngam Advisors L.P. grew its stake in Amdocs Limited by 107.7% in the 1st quarter. Ngam Advisors L.P. now owns 51,462 shares of the technology company’s stock worth $3,138,000 after acquiring an additional 26,686 shares during the period. Global X Management Co. LLC grew its stake in Amdocs Limited by 20.5% in the 1st quarter. Global X Management Co. LLC now owns 8,405 shares of the technology company’s stock worth $513,000 after acquiring an additional 1,430 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Amdocs Limited in the 1st quarter worth approximately $2,666,000. 89.30% of the stock is owned by hedge funds and other institutional investors.
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Shares of Amdocs Limited (DOX) traded down 0.09% during mid-day trading on Wednesday, hitting $65.23. 153,464 shares of the stock traded hands. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 22.72 and a beta of 0.53. Amdocs Limited has a 52 week low of $54.91 and a 52 week high of $67.98. The stock has a 50-day moving average of $64.14 and a 200-day moving average of $63.83.
Amdocs Limited (NASDAQ:DOX) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The business had revenue of $967.00 million during the quarter, compared to the consensus estimate of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. Analysts anticipate that Amdocs Limited will post $3.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders 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 yield of 1.35%. Amdocs Limited’s dividend payout ratio is presently 30.66%.
Several analysts have commented on DOX shares. BidaskClub cut shares of Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 target price on shares of Amdocs Limited in a research note on Friday, June 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Amdocs Limited in a research note on Wednesday, June 28th. Zacks Investment Research cut shares of Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $68.00 target price on shares of Amdocs Limited in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Amdocs Limited has an average rating of “Hold” and an average target price of $68.50.
Amdocs Limited Company 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.
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