QS Investors LLC Sells 3,834 Shares of Amdocs Limited (DOX)
QS Investors LLC cut its stake in shares of Amdocs Limited (NASDAQ:DOX) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,884 shares of the technology company’s stock after selling 3,834 shares during the quarter. QS Investors LLC’s holdings in Amdocs Limited were worth $1,475,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in DOX. BlackRock Inc. lifted its holdings in Amdocs Limited by 1,661.3% during the 1st quarter. BlackRock Inc. now owns 8,715,991 shares of the technology company’s stock worth $531,590,000 after buying an additional 8,221,139 shares during the period. FIL Ltd lifted its holdings in Amdocs Limited by 157.9% during the 2nd quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock worth $266,696,000 after buying an additional 2,532,928 shares during the period. FMR LLC lifted its holdings in Amdocs Limited by 13.6% during the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock worth $924,507,000 after buying an additional 1,722,080 shares during the period. Janus Capital Management LLC lifted its holdings in Amdocs Limited by 9.7% during the 1st quarter. Janus Capital Management LLC now owns 6,759,428 shares of the technology company’s stock worth $412,250,000 after buying an additional 599,865 shares during the period. Finally, UBS Oconnor LLC acquired a new position in Amdocs Limited during the 1st quarter worth about $18,718,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amdocs Limited (DOX) opened at 65.29 on Wednesday. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 22.74 and a beta of 0.53. The company has a 50-day moving average price of $64.14 and a 200-day moving average price of $63.83. Amdocs Limited has a 12 month low of $54.91 and a 12 month high of $67.98.
Amdocs Limited (NASDAQ:DOX) last released its earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The firm had revenue of $967.00 million during the quarter, compared to analyst estimates of $967.04 million. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Amdocs Limited will post $3.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.35%. Amdocs Limited’s payout ratio is 30.66%.
Several research analysts have commented on DOX shares. BidaskClub downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and issued a $59.00 price objective on shares of Amdocs Limited in a research note on Friday, June 16th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price objective on shares of Amdocs Limited in a research note on Wednesday, June 28th. Zacks Investment Research downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Barclays PLC reissued a “hold” rating and issued a $68.00 price objective on shares of Amdocs Limited in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $68.50.
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About Amdocs Limited
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.
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