Amdocs Limited (DOX) Short Interest Update
Amdocs Limited (NASDAQ:DOX) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 3,113,543 shares, a growth of 68.2% from the July 31st total of 1,850,769 shares. Based on an average daily volume of 837,463 shares, the short-interest ratio is presently 3.7 days.
A number of hedge funds and other institutional investors have recently modified their holdings of DOX. BlackRock Inc. raised its position in shares of Amdocs Limited by 1,661.3% in the first quarter. BlackRock Inc. now owns 8,715,991 shares of the technology company’s stock valued at $531,590,000 after buying an additional 8,221,139 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Amdocs Limited by 105,711.6% in the second 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 in the last quarter. FIL Ltd raised its position in shares of Amdocs Limited by 157.9% in the second 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 in the last quarter. FMR LLC raised its position in shares of Amdocs Limited by 13.6% in the second 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 in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Amdocs Limited during the first quarter valued at about $51,051,000. 88.74% of the stock is currently owned by institutional investors and hedge funds.
DOX has been the subject of a number of recent research reports. Barclays PLC reiterated a “hold” rating and set a $68.00 price objective on shares of Amdocs Limited in a research report on Friday, August 4th. Zacks Investment Research downgraded Amdocs Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and set a $68.00 price objective on shares of Amdocs Limited in a research report on Wednesday, June 28th. BidaskClub downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price objective on shares of Amdocs Limited in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.63.
Shares of Amdocs Limited (NASDAQ DOX) opened at 63.46 on Monday. The firm’s 50-day moving average is $64.97 and its 200 day moving average is $63.03. The firm has a market capitalization of $9.22 billion, a P/E ratio of 22.10 and a beta of 0.54. Amdocs Limited has a 52 week low of $54.91 and a 52 week high of $67.98.
Amdocs Limited (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The company had revenue of $967 million during the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. Amdocs Limited’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. Equities research analysts forecast that Amdocs Limited will post $3.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, September 28th. Amdocs Limited’s dividend payout ratio is presently 30.66%.
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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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