Delphi Management Inc. MA Lowers Stake in Amdocs Limited (DOX)

Delphi Management Inc. MA lessened its holdings in Amdocs Limited (NASDAQ:DOX) by 8.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,189 shares of the technology company’s stock after selling 3,788 shares during the period. Amdocs Limited comprises 1.4% of Delphi Management Inc. MA’s holdings, making the stock its 19th biggest position. Delphi Management Inc. MA’s holdings in Amdocs Limited were worth $2,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of Amdocs Limited by 13.6% in the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock worth $924,507,000 after purchasing an additional 1,722,080 shares during the period. BlackRock Inc. raised its stake in shares of Amdocs Limited by 1,661.3% during the 1st quarter. BlackRock Inc. now owns 8,715,991 shares of the technology company’s stock worth $531,590,000 after acquiring an additional 8,221,139 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Amdocs Limited by 105,711.6% during the 2nd quarter. Janus Henderson Group PLC now owns 7,431,146 shares of the technology company’s stock worth $479,012,000 after acquiring an additional 7,424,123 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Amdocs Limited by 9.7% during the 1st quarter. Janus Capital Management LLC now owns 6,759,428 shares of the technology company’s stock worth $412,250,000 after acquiring an additional 599,865 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Amdocs Limited by 6.0% during the 2nd quarter. Wells Fargo & Company MN now owns 4,685,936 shares of the technology company’s stock worth $302,057,000 after acquiring an additional 266,473 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

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DOX has been the subject of several recent analyst reports. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $77.00 price objective on shares of Amdocs Limited in a research note on Wednesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price objective (up previously from $68.00) on shares of Amdocs Limited in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Amdocs Limited from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered shares of Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price objective on shares of Amdocs Limited in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.50.

Shares of Amdocs Limited (DOX) traded up 0.09% on Wednesday, reaching $65.35. 139,483 shares of the company’s stock were exchanged. The firm has a market capitalization of $9.50 billion, a P/E ratio of 22.76 and a beta of 0.53. Amdocs Limited has a one year low of $54.91 and a one year high of $67.98. The firm has a 50 day moving average of $64.14 and a 200 day moving average of $63.83.

Amdocs Limited (NASDAQ:DOX) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $967.00 million during the quarter, compared to the consensus estimate of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, equities research analysts predict that Amdocs Limited will post $3.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.35%. Amdocs Limited’s dividend payout ratio is presently 30.66%.

Amdocs Limited Profile

Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.

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Institutional Ownership by Quarter for Amdocs Limited (NASDAQ:DOX)

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