Wellington Management Group LLP Sells 1,761,763 Shares of Amdocs Limited $DOX

Wellington Management Group LLP decreased its position in shares of Amdocs Limited (NASDAQ:DOX) by 80.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 418,090 shares of the technology company’s stock after selling 1,761,763 shares during the quarter. Wellington Management Group LLP’s holdings in Amdocs were worth $21,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of DOX. Pzena Investment Management LLC increased its stake in Amdocs by 82.6% during the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock worth $969,100,000 after acquiring an additional 5,443,766 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of Amdocs by 155.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company’s stock valued at $169,908,000 after acquiring an additional 1,283,231 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Amdocs by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock worth $226,045,000 after purchasing an additional 571,036 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Amdocs by 469.4% during the 4th quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company’s stock worth $43,787,000 after purchasing an additional 448,358 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Amdocs by 501.1% in the fourth quarter. Voloridge Investment Management LLC now owns 520,494 shares of the technology company’s stock worth $41,905,000 after purchasing an additional 433,907 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DOX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research report on Wednesday, August 5th. Cfra cut shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. KeyCorp initiated coverage on shares of Amdocs in a research report on Monday, June 29th. They set a “sector weight” rating on the stock. Finally, Stifel Nicolaus decreased their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $86.67.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $62.21 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.08 and a beta of 0.42. Amdocs Limited has a 12 month low of $49.74 and a 12 month high of $86.14. The stock has a 50-day moving average price of $56.22 and a two-hundred day moving average price of $60.87.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.84. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.72 EPS. As a group, analysts forecast that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.569 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.7%. Amdocs’s dividend payout ratio (DPR) is 54.29%.

Amdocs Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.