Renaissance Technologies LLC increased its position in shares of Amdocs Limited (NASDAQ:DOX) by 28.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 881,400 shares of the technology company’s stock after buying an additional 193,000 shares during the period. Renaissance Technologies LLC owned about 0.61% of Amdocs worth $57,714,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DOX. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Amdocs during the fourth quarter worth approximately $37,825,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Amdocs during the third quarter worth approximately $29,105,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Amdocs during the fourth quarter worth approximately $21,330,000. LSV Asset Management increased its stake in shares of Amdocs by 17.1% during the fourth quarter. LSV Asset Management now owns 1,892,750 shares of the technology company’s stock worth $123,937,000 after buying an additional 275,850 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Amdocs by 17.4% during the fourth quarter. Acadian Asset Management LLC now owns 1,780,570 shares of the technology company’s stock worth $116,592,000 after buying an additional 264,046 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Amdocs Limited (NASDAQ DOX) opened at $68.59 on Wednesday. The stock has a market capitalization of $9,887.58, a P/E ratio of 18.68, a P/E/G ratio of 2.35 and a beta of 0.55. Amdocs Limited has a fifty-two week low of $60.30 and a fifty-two week high of $71.37.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.46%. This is an increase from Amdocs’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, March 28th. Amdocs’s dividend payout ratio is 28.39%.
DOX has been the topic of a number of recent research reports. BidaskClub lowered shares of Amdocs from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Oppenheimer restated a “buy” rating and set a $77.00 target price on shares of Amdocs in a research note on Thursday, December 14th. Zacks Investment Research lowered shares of Amdocs from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Stifel Nicolaus upped their price target on Amdocs from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, ValuEngine raised Amdocs from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.71.
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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.
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