Noesis Capital Mangement Corp Sells 1,450 Shares of Amdocs Limited (DOX)
Noesis Capital Mangement Corp reduced its position in Amdocs Limited (NASDAQ:DOX) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,035 shares of the technology company’s stock after selling 1,450 shares during the quarter. Amdocs comprises approximately 2.4% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 20th largest position. Noesis Capital Mangement Corp’s holdings in Amdocs were worth $7,009,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOX. Delpha Capital Management LLC acquired a new stake in shares of Amdocs in the 4th quarter worth $109,000. Focused Wealth Management Inc acquired a new stake in shares of Amdocs in the 4th quarter worth $157,000. American International Group Inc. acquired a new stake in shares of Amdocs in the 4th quarter worth $199,000. CENTRAL TRUST Co increased its stake in shares of Amdocs by 45.0% in the 4th quarter. CENTRAL TRUST Co now owns 3,388 shares of the technology company’s stock worth $222,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in shares of Amdocs in the 4th quarter worth $246,000. 93.46% of the stock is owned by hedge funds and other institutional investors.
DOX has been the subject of a number of recent research reports. BidaskClub downgraded Amdocs from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Oppenheimer reaffirmed a “buy” rating and issued a $77.00 target price on shares of Amdocs in a research note on Thursday, December 14th. Zacks Investment Research downgraded Amdocs from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Stifel Nicolaus raised their target price on Amdocs from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, ValuEngine raised Amdocs from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.71.
Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The business had revenue of $977.70 million during the quarter, compared to analysts’ expectations of $979.13 million. Amdocs had a return on equity of 15.13% and a net margin of 11.72%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. equities 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Amdocs’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.46%. Amdocs’s dividend payout ratio is currently 28.39%.
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Amdocs Company Profile
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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