Seizert Capital Partners LLC decreased its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 55.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 218,188 shares of the technology company’s stock after selling 276,681 shares during the period. Seizert Capital Partners LLC’s holdings in Amdocs were worth $11,806,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Amdocs by 13.0% during the 1st quarter. JPMorgan Chase & Co. now owns 135,495 shares of the technology company’s stock valued at $7,332,000 after purchasing an additional 15,600 shares during the period. LSV Asset Management boosted its position in Amdocs by 14.8% during the 1st quarter. LSV Asset Management now owns 2,392,124 shares of the technology company’s stock valued at $129,437,000 after acquiring an additional 308,374 shares in the last quarter. Eagle Ridge Investment Management boosted its position in Amdocs by 1.6% during the 1st quarter. Eagle Ridge Investment Management now owns 128,930 shares of the technology company’s stock valued at $6,976,000 after acquiring an additional 2,075 shares in the last quarter. Ibex Investors LLC bought a new stake in Amdocs during the 1st quarter valued at approximately $4,418,000. Finally, Blue Sky Asset Management LLC bought a new stake in Amdocs during the 1st quarter valued at approximately $103,000. 93.02% of the stock is owned by institutional investors.

Shares of DOX opened at $60.80 on Friday. Amdocs Limited has a 52 week low of $52.60 and a 52 week high of $70.31. The company has a market capitalization of $8.49 billion, a PE ratio of 16.26, a P/E/G ratio of 1.79 and a beta of 0.52.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, May 14th. The technology company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. Amdocs had a return on equity of 15.18% and a net margin of 8.96%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts predict that Amdocs Limited will post 4.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be given a $0.285 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.88%. Amdocs’s dividend payout ratio is currently 30.48%.

DOX has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Amdocs from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday. BidaskClub raised Amdocs from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. ValuEngine cut Amdocs from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research raised Amdocs from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $71.40.

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Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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