Geode Capital Management LLC Has $151.14 Million Stock Position in Amdocs Limited $DOX

Geode Capital Management LLC lifted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,852,587 shares of the technology company’s stock after buying an additional 16,301 shares during the period. Geode Capital Management LLC’s holdings in Amdocs were worth $151,141,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Pzena Investment Management LLC increased its stake in shares of Amdocs by 82.6% during the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock worth $969,100,000 after purchasing an additional 5,443,766 shares during the last quarter. LSV Asset Management increased its stake in shares of Amdocs by 0.8% during the 4th quarter. LSV Asset Management now owns 3,678,532 shares of the technology company’s stock worth $296,159,000 after purchasing an additional 29,829 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Amdocs by 1.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,165,988 shares of the technology company’s stock worth $253,786,000 after purchasing an additional 54,676 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Amdocs by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,151,532 shares of the technology company’s stock worth $258,583,000 after purchasing an additional 91,900 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Amdocs by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,066,444 shares of the technology company’s stock worth $251,602,000 after buying an additional 9,207 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DOX shares. Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Stifel Nicolaus decreased their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Cfra downgraded shares of Amdocs to a “sell” rating in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $86.67.

Amdocs Price Performance

NASDAQ DOX opened at $60.89 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $64.08 and a 200 day simple moving average of $71.47. The company has a market cap of $6.57 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.06 and a beta of 0.38. Amdocs Limited has a 1 year low of $59.40 and a 1 year high of $95.41.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. Amdocs’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 EPS. On average, sell-side analysts predict that Amdocs Limited will post 6.54 EPS for the current year.

Amdocs Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, June 30th. Amdocs’s dividend payout ratio is presently 45.60%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.