Amdocs Limited (DOX) Short Interest Down 35.9% in November
Amdocs Limited (NASDAQ:DOX) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,683,630 shares, a decrease of 35.9% from the November 15th total of 2,628,198 shares. Based on an average trading volume of 805,191 shares, the short-interest ratio is currently 2.1 days.
Shares of Amdocs (DOX) opened at $65.75 on Thursday. The company has a market cap of $9,525.11, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. Amdocs has a 1-year low of $56.10 and a 1-year high of $67.98.
Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. Amdocs had a net margin of 11.30% and a return on equity of 14.77%. The business had revenue of $979.70 million during the quarter, compared to analysts’ expectations of $977.72 million. During the same quarter in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts expect that Amdocs will post 3.72 earnings per share for the current year.
Amdocs announced that its board has authorized a stock repurchase plan on Wednesday, November 8th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.34%. Amdocs’s dividend payout ratio (DPR) is 29.73%.
Several institutional investors have recently bought and sold shares of DOX. Janus Henderson Group PLC grew its stake in shares of Amdocs by 105,711.6% in the 2nd quarter. Janus Henderson Group PLC now owns 7,431,146 shares of the technology company’s stock valued at $479,012,000 after buying an additional 7,424,123 shares during the period. FIL Ltd grew its stake in shares of Amdocs by 157.9% in the 2nd quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock valued at $266,696,000 after buying an additional 2,532,928 shares during the period. FMR LLC grew its stake in shares of Amdocs by 13.6% in the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock valued at $924,507,000 after buying an additional 1,722,080 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Amdocs in the 3rd quarter valued at approximately $29,105,000. Finally, Wells Fargo & Company MN grew its stake in shares of Amdocs by 6.0% in the 2nd quarter. Wells Fargo & Company MN now owns 4,685,936 shares of the technology company’s stock valued at $302,057,000 after buying an additional 266,473 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.
DOX has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Amdocs from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Friday, November 10th. BidaskClub downgraded shares of Amdocs from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and issued a $70.00 price objective on shares of Amdocs in a report on Thursday, October 12th. Oppenheimer reiterated a “buy” rating and issued a $70.00 price objective on shares of Amdocs in a report on Tuesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $66.00 price objective on shares of Amdocs in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $70.29.
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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