Amdocs Limited $DOX Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 58.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 76,763 shares of the technology company’s stock after purchasing an additional 28,235 shares during the period. Brandywine Global Investment Management LLC’s holdings in Amdocs were worth $6,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthCollab LLC grew its position in Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after purchasing an additional 173 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in shares of Amdocs during the 4th quarter valued at about $37,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Amdocs during the 3rd quarter valued at about $39,000. Los Angeles Capital Management LLC acquired a new stake in shares of Amdocs during the 4th quarter valued at about $39,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Amdocs during the 3rd quarter valued at about $42,000. 92.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Cfra lowered shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Stifel Nicolaus decreased their price target on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.67.

Amdocs Trading Down 1.7%

DOX opened at $56.97 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50 day simple moving average is $63.54 and its two-hundred day simple moving average is $70.99. Amdocs Limited has a 1-year low of $56.74 and a 1-year high of $95.41. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.38.

Amdocs (NASDAQ:DOX) last released its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. Analysts expect that Amdocs Limited will post 6.56 EPS for the current fiscal year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s payout ratio is presently 45.60%.

Amdocs 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.