Stone Ridge Asset Management LLC Has $2.54 Million Position in Amdocs Limited (NASDAQ:DOX)

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Stone Ridge Asset Management LLC reduced its position in shares of Amdocs Limited (NASDAQ:DOX) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,886 shares of the technology company’s stock after selling 5,400 shares during the period. Stone Ridge Asset Management LLC’s holdings in Amdocs were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Amdocs by 1.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,100 shares of the technology company’s stock worth $709,000 after acquiring an additional 200 shares during the period. Robecosam AG increased its stake in Amdocs by 10.5% during the 2nd quarter. Robecosam AG now owns 2,100 shares of the technology company’s stock worth $130,000 after acquiring an additional 200 shares during the period. O Shares Investment Advisers LLC increased its stake in Amdocs by 3.0% during the 1st quarter. O Shares Investment Advisers LLC now owns 9,590 shares of the technology company’s stock worth $519,000 after acquiring an additional 280 shares during the period. Farr Miller & Washington LLC DC increased its stake in Amdocs by 3.9% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 8,520 shares of the technology company’s stock worth $529,000 after acquiring an additional 320 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Amdocs by 47.8% during the 1st quarter. Meeder Asset Management Inc. now owns 1,057 shares of the technology company’s stock worth $57,000 after acquiring an additional 342 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the company. Zacks Investment Research lowered Amdocs from a “buy” rating to a “hold” rating and set a $67.00 price objective on the stock. in a research note on Tuesday, July 16th. BidaskClub upgraded Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. ValuEngine upgraded Amdocs from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price target on Amdocs from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, TheStreet upgraded Amdocs from a “c+” rating to a “b-” rating in a research note on Tuesday, June 4th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $71.00.

Shares of DOX traded down $0.62 during midday trading on Friday, hitting $63.74. The company’s stock had a trading volume of 503,440 shares, compared to its average volume of 627,551. Amdocs Limited has a one year low of $52.60 and a one year high of $67.57. The company’s fifty day simple moving average is $63.55 and its two-hundred day simple moving average is $58.66. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.41.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.08. Amdocs had a return on equity of 15.70% and a net margin of 9.90%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company posted $1.03 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Amdocs Limited will post 4.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be paid a $0.285 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.14 annualized dividend and a dividend yield of 1.79%. Amdocs’s payout ratio is 30.48%.

Amdocs 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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