Geode Capital Management LLC Has $151.14 Million Holdings in Amdocs Limited $DOX

Geode Capital Management LLC increased its position in shares of Amdocs Limited (NASDAQ:DOX) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,852,587 shares of the technology company’s stock after acquiring an additional 16,301 shares during the quarter. Geode Capital Management LLC owned 1.72% of Amdocs worth $151,141,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DOX. Amundi raised its holdings in shares of Amdocs by 73.0% during the first quarter. Amundi now owns 13,778 shares of the technology company’s stock valued at $1,217,000 after acquiring an additional 5,816 shares during the period. Millennium Management LLC raised its holdings in shares of Amdocs by 458.3% during the first quarter. Millennium Management LLC now owns 67,047 shares of the technology company’s stock valued at $6,135,000 after acquiring an additional 55,038 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Amdocs by 12.6% during the first quarter. Goldman Sachs Group Inc. now owns 331,146 shares of the technology company’s stock valued at $30,300,000 after acquiring an additional 37,087 shares during the period. Empowered Funds LLC raised its holdings in shares of Amdocs by 12.0% during the first quarter. Empowered Funds LLC now owns 15,979 shares of the technology company’s stock valued at $1,462,000 after acquiring an additional 1,709 shares during the period. Finally, Jane Street Group LLC grew its position in Amdocs by 195.4% during the first quarter. Jane Street Group LLC now owns 115,929 shares of the technology company’s stock valued at $10,608,000 after purchasing an additional 76,683 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DOX. Cfra downgraded shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Stifel Nicolaus lowered their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.67.

Amdocs Stock Performance

Shares of DOX opened at $60.89 on Friday. The company’s 50 day moving average price is $64.08 and its 200 day moving average price is $71.47. Amdocs Limited has a 52 week low of $59.40 and a 52 week high of $95.41. The company has a market capitalization of $6.57 billion, a PE ratio of 12.18, a PEG ratio of 1.06 and a beta of 0.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Research analysts expect that Amdocs Limited will post 6.54 EPS for the current fiscal year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.569 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.7%. Amdocs’s dividend payout ratio is 45.60%.

Amdocs Company Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.