Arbejdsmarkedets Tillaegspension Has $23.13 Million Stock Holdings in Amdocs Limited $DOX

Arbejdsmarkedets Tillaegspension lifted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 17.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 354,383 shares of the technology company’s stock after acquiring an additional 52,906 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Amdocs were worth $23,127,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. TABR Capital Management LLC bought a new stake in Amdocs in the fourth quarter valued at $2,398,000. BNP Paribas Financial Markets increased its position in shares of Amdocs by 85.4% during the 4th quarter. BNP Paribas Financial Markets now owns 201,982 shares of the technology company’s stock worth $16,262,000 after purchasing an additional 93,036 shares in the last quarter. Aberdeen Group plc lifted its holdings in Amdocs by 13.2% during the 4th quarter. Aberdeen Group plc now owns 263,287 shares of the technology company’s stock valued at $21,197,000 after purchasing an additional 30,723 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Amdocs by 1.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,165,988 shares of the technology company’s stock valued at $253,786,000 after buying an additional 54,676 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Amdocs by 32.1% in the third quarter. Alliancebernstein L.P. now owns 2,359,779 shares of the technology company’s stock valued at $193,620,000 after buying an additional 573,349 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOX has been the topic of several recent analyst reports. KeyCorp started coverage on Amdocs in a report on Monday, June 29th. They issued a “sector weight” rating on the stock. Wall Street Zen cut shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. Cfra downgraded shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Finally, Stifel Nicolaus decreased their price target on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.67.

Amdocs Stock Performance

Shares of NASDAQ:DOX opened at $52.76 on Tuesday. The firm’s 50 day simple moving average is $57.59 and its 200 day simple moving average is $66.92. Amdocs Limited has a fifty-two week low of $49.79 and a fifty-two week high of $90.29. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 0.90 and a beta of 0.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Amdocs Limited will post 6.56 earnings per share for the current year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.569 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s payout ratio is presently 45.60%.

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.