Clal Insurance Enterprises Holdings Ltd acquired a new position in Amdocs Limited (NASDAQ:DOX) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 575,727 shares of the technology company’s stock, valued at approximately $37,825,000. Amdocs makes up 1.0% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 23rd biggest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of DOX. American International Group Inc. bought a new position in shares of Amdocs during the fourth quarter valued at approximately $199,000. CENTRAL TRUST Co increased its position in shares of Amdocs by 45.0% during the fourth quarter. CENTRAL TRUST Co now owns 3,388 shares of the technology company’s stock valued at $222,000 after acquiring an additional 1,052 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $246,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Amdocs during the second quarter valued at approximately $279,000. Finally, Blue Sky Asset Management LLC bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $314,000. Institutional investors and hedge funds own 91.66% of the company’s stock.
Several equities research analysts recently weighed in on DOX shares. Zacks Investment Research raised shares of Amdocs from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. BidaskClub raised shares of Amdocs from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 18th. Oppenheimer reissued a “buy” rating and set a $77.00 price target on shares of Amdocs in a research report on Thursday, December 14th. Finally, Stifel Nicolaus raised their target price on shares of Amdocs from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.71.
Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The business had revenue of $977.70 million for the quarter, compared to analysts’ expectations of $979.13 million. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. analysts forecast that Amdocs Limited will post 3.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Amdocs’s previous quarterly dividend of $0.22. Amdocs’s dividend payout ratio (DPR) is currently 28.39%.
Amdocs declared that its Board of Directors has authorized a stock buyback program on Wednesday, November 8th that allows the company to buyback $800.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
WARNING: This story was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3226168/clal-insurance-enterprises-holdings-ltd-acquires-new-holdings-in-amdocs-limited-dox.html.
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.
Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX).
Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.