Amdocs Limited (NASDAQ:DOX) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 2,700,000 shares, an increase of 5.1% from the April 30th total of 2,570,000 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 2.5 days.
Several large investors have recently bought and sold shares of DOX. Norges Bank bought a new position in shares of Amdocs during the 4th quarter valued at approximately $109,929,000. Bessemer Group Inc. lifted its holdings in Amdocs by 2,331.3% during the fourth quarter. Bessemer Group Inc. now owns 867,920 shares of the technology company’s stock valued at $62,655,000 after purchasing an additional 832,222 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Amdocs by 159.8% in the first quarter. First Trust Advisors LP now owns 1,114,635 shares of the technology company’s stock worth $61,271,000 after purchasing an additional 685,656 shares during the period. NWQ Investment Management Company LLC purchased a new stake in shares of Amdocs in the first quarter worth $30,120,000. Finally, Schroder Investment Management Group raised its position in shares of Amdocs by 39.3% during the 4th quarter. Schroder Investment Management Group now owns 1,936,308 shares of the technology company’s stock valued at $139,782,000 after purchasing an additional 546,312 shares during the period. Hedge funds and other institutional investors own 94.15% of the company’s stock.
Amdocs stock traded up $0.28 during mid-day trading on Friday, reaching $62.95. 948,700 shares of the stock traded hands, compared to its average volume of 1,006,937. Amdocs has a 12-month low of $44.05 and a 12-month high of $77.29. The business’s 50-day moving average is $60.85 and its 200-day moving average is $66.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.25 and a quick ratio of 1.35. The stock has a market capitalization of $8.45 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.81 and a beta of 0.71.
Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Amdocs had a net margin of 11.98% and a return on equity of 16.03%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. Equities analysts anticipate that Amdocs will post 4.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.327 per share. This represents a $1.31 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, June 29th. Amdocs’s dividend payout ratio is presently 32.19%.
Several brokerages recently weighed in on DOX. ValuEngine raised shares of Amdocs from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. BidaskClub raised Amdocs from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Robert W. Baird upped their price target on Amdocs from $69.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. TheStreet raised Amdocs from a “c+” rating to a “b-” rating in a research report on Friday, May 15th. Finally, Oppenheimer upped their target price on shares of Amdocs from $77.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.83.
Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.
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