Signaturefd LLC boosted its position in Amdocs Limited (NASDAQ:DOX) by 62.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,126 shares of the technology company’s stock after buying an additional 1,585 shares during the period. Signaturefd LLC’s holdings in Amdocs were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in Amdocs by 47.8% in the 1st quarter. Meeder Asset Management Inc. now owns 1,057 shares of the technology company’s stock valued at $57,000 after acquiring an additional 342 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Amdocs in the 2nd quarter valued at $60,000. CENTRAL TRUST Co raised its holdings in Amdocs by 56.2% in the 2nd quarter. CENTRAL TRUST Co now owns 1,098 shares of the technology company’s stock valued at $69,000 after acquiring an additional 395 shares in the last quarter. Blue Sky Asset Management LLC acquired a new position in Amdocs in the 1st quarter valued at $103,000. Finally, Private Capital Group LLC raised its holdings in Amdocs by 99.8% in the 1st quarter. Private Capital Group LLC now owns 1,990 shares of the technology company’s stock valued at $108,000 after acquiring an additional 994 shares in the last quarter. Institutional investors and hedge funds own 90.70% of the company’s stock.
Amdocs stock opened at $63.00 on Thursday. Amdocs Limited has a 52 week low of $52.60 and a 52 week high of $67.57. The firm has a market cap of $8.88 billion, a PE ratio of 16.84, a P/E/G ratio of 1.85 and a beta of 0.41. The stock’s fifty day simple moving average is $63.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.81%. Amdocs’s dividend payout ratio (DPR) is currently 30.48%.
Several equities analysts have weighed in on DOX shares. Zacks Investment Research cut Amdocs from a “buy” rating to a “hold” rating and set a $67.00 price objective for the company. in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price objective on Amdocs from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. TheStreet raised Amdocs from a “c+” rating to a “b-” rating in a report on Tuesday, June 4th. BidaskClub raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Finally, ValuEngine raised Amdocs from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $71.00.
Amdocs Company Profile
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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