Dimensional Fund Advisors LP Purchases 571,036 Shares of Amdocs Limited $DOX

Dimensional Fund Advisors LP raised its position in shares of Amdocs Limited (NASDAQ:DOX) by 19.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,463,797 shares of the technology company’s stock after acquiring an additional 571,036 shares during the period. Dimensional Fund Advisors LP’s holdings in Amdocs were worth $226,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pzena Investment Management LLC grew its position in 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 acquiring an additional 5,443,766 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Amdocs by 155.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company’s stock valued at $169,908,000 after purchasing an additional 1,283,231 shares during the last quarter. Squarepoint Ops LLC raised its position in Amdocs by 469.4% in the 4th quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company’s stock valued at $43,787,000 after purchasing an additional 448,358 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in Amdocs by 501.1% in the fourth quarter. Voloridge Investment Management LLC now owns 520,494 shares of the technology company’s stock worth $41,905,000 after purchasing an additional 433,907 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Amdocs by 50.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,004,757 shares of the technology company’s stock worth $80,893,000 after purchasing an additional 338,408 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Stifel Nicolaus lowered their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Cfra downgraded shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Finally, KeyCorp began coverage on shares of Amdocs in a research note on Monday, June 29th. They set a “sector weight” rating on the stock. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.67.

Amdocs Trading Down 0.7%

DOX stock opened at $50.85 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Amdocs Limited has a twelve month low of $49.74 and a twelve month high of $90.29. The company has a market cap of $5.49 billion, a P/E ratio of 10.17, a PEG ratio of 0.89 and a beta of 0.41. The business has a fifty day moving average of $55.81 and a 200-day moving average of $65.29.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.01. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 earnings per share. As a group, equities research analysts expect that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.569 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.28 annualized dividend and a dividend yield of 4.5%. Amdocs’s payout ratio is currently 45.60%.

Amdocs Company Profile

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.