Amdocs Limited (DOX) Shares Bought by Massachusetts Financial Services Co. MA

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Massachusetts Financial Services Co. MA increased its position in Amdocs Limited (NASDAQ:DOX) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,903,063 shares of the technology company’s stock after purchasing an additional 456,936 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Amdocs were worth $404,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOX. Cox Capital Mgt LLC lifted its holdings in shares of Amdocs by 3.0% during the 4th quarter. Cox Capital Mgt LLC now owns 8,875 shares of the technology company’s stock valued at $491,000 after purchasing an additional 256 shares during the last quarter. Comerica Bank lifted its holdings in shares of Amdocs by 2.9% during the 4th quarter. Comerica Bank now owns 15,494 shares of the technology company’s stock valued at $861,000 after purchasing an additional 430 shares during the last quarter. Regentatlantic Capital LLC lifted its holdings in shares of Amdocs by 1.6% during the 4th quarter. Regentatlantic Capital LLC now owns 35,165 shares of the technology company’s stock valued at $2,060,000 after purchasing an additional 537 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Amdocs by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 6,256 shares of the technology company’s stock valued at $412,000 after purchasing an additional 884 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Amdocs by 9.6% during the 4th quarter. Strs Ohio now owns 10,178 shares of the technology company’s stock valued at $596,000 after purchasing an additional 895 shares during the last quarter. Institutional investors own 91.10% of the company’s stock.

Shares of Amdocs stock opened at $56.50 on Tuesday. Amdocs Limited has a twelve month low of $52.60 and a twelve month high of $71.72. The stock has a market capitalization of $7.93 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.70 and a beta of 0.53.

Amdocs (NASDAQ:DOX) last released its earnings results on Tuesday, February 5th. The technology company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). Amdocs had a return on equity of 14.75% and a net margin of 8.46%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Amdocs Limited will post 3.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, March 29th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.02%. This is a positive change from Amdocs’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, March 28th. Amdocs’s dividend payout ratio (DPR) is 26.74%.

A number of research firms have recently commented on DOX. Zacks Investment Research cut Amdocs from a “hold” rating to a “sell” rating in a research report on Monday, December 3rd. BidaskClub lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. TheStreet lowered shares of Amdocs from a “b” rating to a “c+” rating in a research note on Friday, November 9th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Amdocs in a research note on Thursday, January 10th. Finally, ValuEngine lowered shares of Amdocs from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $71.03.

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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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