Amdocs Limited (NASDAQ:DOX) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in Amdocs Limited (NASDAQ:DOX) by 66.0% in the second quarter, Holdings Channel reports. The fund owned 4,000 shares of the technology company’s stock after purchasing an additional 1,590 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Amdocs were worth $249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robecosam AG grew its position in Amdocs by 10.5% in the 2nd quarter. Robecosam AG now owns 2,100 shares of the technology company’s stock valued at $130,000 after acquiring an additional 200 shares in the last quarter. O Shares Investment Advisers LLC grew its position in Amdocs by 3.0% in the 1st quarter. O Shares Investment Advisers LLC now owns 9,590 shares of the technology company’s stock valued at $519,000 after acquiring an additional 280 shares in the last quarter. Farr Miller & Washington LLC DC grew its position in Amdocs by 3.9% in the 2nd quarter. Farr Miller & Washington LLC DC now owns 8,520 shares of the technology company’s stock valued at $529,000 after acquiring an additional 320 shares in the last quarter. Eqis Capital Management Inc. grew its position in Amdocs by 6.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 6,006 shares of the technology company’s stock valued at $373,000 after acquiring an additional 365 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position 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. 94.18% of the stock is owned by institutional investors and hedge funds.

Shares of DOX traded up $0.51 during midday trading on Friday, hitting $66.69. The company had a trading volume of 11,910 shares, compared to its average volume of 559,646. The company’s 50-day simple moving average is $64.18 and its 200-day simple moving average is $59.51. The firm has a market capitalization of $9.24 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.92 and a beta of 0.40. Amdocs Limited has a 1 year low of $52.60 and a 1 year high of $67.57.



Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Amdocs had a return on equity of 15.70% and a net margin of 9.90%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, analysts anticipate that Amdocs Limited will post 4.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Friday, September 27th. Amdocs’s payout ratio is presently 30.48%.

Several equities analysts have weighed in on the company. BidaskClub raised Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. TheStreet raised Amdocs from a “c+” rating to a “b-” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. lifted their target price on Amdocs from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research downgraded Amdocs from a “buy” rating to a “hold” rating and set a $67.00 target price for the company. in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average 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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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