Jefferies Group LLC grew its stake in Amdocs Limited (NASDAQ:DOX) by 193.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,121 shares of the technology company’s stock after acquiring an additional 31,085 shares during the quarter. Jefferies Group LLC’s holdings in Amdocs were worth $3,085,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of DOX. Victory Capital Management Inc. increased its stake in shares of Amdocs by 35.0% in the 3rd quarter. Victory Capital Management Inc. now owns 52,212 shares of the technology company’s stock worth $3,358,000 after acquiring an additional 13,536 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Amdocs in the 3rd quarter worth $11,934,000. Sei Investments Co. increased its stake in shares of Amdocs by 35.6% in the 3rd quarter. Sei Investments Co. now owns 99,892 shares of the technology company’s stock worth $6,426,000 after acquiring an additional 26,202 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Amdocs by 49.2% in the 3rd quarter. New York State Common Retirement Fund now owns 739,279 shares of the technology company’s stock worth $47,550,000 after acquiring an additional 243,679 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Amdocs by 78.5% in the 3rd quarter. Advisor Group Inc. now owns 13,577 shares of the technology company’s stock worth $872,000 after acquiring an additional 5,972 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on DOX. ValuEngine upgraded Amdocs from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Oppenheimer reiterated a “buy” rating and set a $77.00 price target on shares of Amdocs in a report on Wednesday, January 31st. Stifel Nicolaus increased their price target on Amdocs from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BidaskClub upgraded Amdocs from a “strong sell” rating to a “sell” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research upgraded Amdocs from a “sell” rating to a “hold” rating in a report on Tuesday, January 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 stock. Amdocs has a consensus rating of “Hold” and an average 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. Amdocs had a return on equity of 15.13% and a net margin of 11.72%. The business had revenue of $977.70 million during the quarter, compared to analysts’ expectations of $979.13 million. During the same period in the prior year, the business posted $0.90 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. analysts expect that Amdocs Limited will post 3.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.45%. This is a boost from Amdocs’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, March 28th. Amdocs’s dividend payout ratio (DPR) is 28.39%.
COPYRIGHT VIOLATION WARNING: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/03/12/jefferies-group-llc-buys-31085-shares-of-amdocs-limited-dox.html.
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.
Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.