Clearbridge Investments LLC trimmed its position in Amdocs Limited (NASDAQ:DOX) by 0.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 913,753 shares of the technology company’s stock after selling 1,900 shares during the period. Clearbridge Investments LLC owned about 0.63% of Amdocs worth $59,833,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Jefferies Group LLC boosted its position in Amdocs by 193.8% in the 4th quarter. Jefferies Group LLC now owns 47,121 shares of the technology company’s stock valued at $3,085,000 after buying an additional 31,085 shares during the last quarter. Weil Company Inc. bought a new position in Amdocs in the 4th quarter valued at $1,473,000. MANA Advisors LLC bought a new position in Amdocs in the 4th quarter valued at $279,000. Renaissance Technologies LLC boosted its position in Amdocs by 28.0% in the 4th quarter. Renaissance Technologies LLC now owns 881,400 shares of the technology company’s stock valued at $57,714,000 after buying an additional 193,000 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new position in Amdocs in the 4th quarter valued at $157,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
A number of research firms have recently weighed in on DOX. Stifel Nicolaus increased their price target on Amdocs from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. BidaskClub downgraded Amdocs from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Oppenheimer reissued a “buy” rating and issued a $77.00 price target on shares of Amdocs in a research note on Wednesday, January 31st. ValuEngine raised Amdocs from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research downgraded Amdocs from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Amdocs currently has a consensus rating of “Hold” and an average target price of $70.71.
Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The business had revenue of $977.70 million for the quarter, compared to the consensus estimate of $979.13 million. Amdocs had a return on equity of 15.13% and a net margin of 11.72%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. equities research analysts predict that Amdocs Limited will post 3.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, March 28th. This is an increase from Amdocs’s previous quarterly dividend of $0.22. Amdocs’s dividend payout ratio (DPR) is presently 28.39%.
ILLEGAL ACTIVITY WARNING: “Amdocs Limited (DOX) Shares Sold by Clearbridge Investments LLC” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/03/14/amdocs-limited-dox-shares-sold-by-clearbridge-investments-llc.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.
Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX).
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.