Ibex Investors LLC Purchases Shares of 81,656 Amdocs Limited (DOX)
Ibex Investors LLC purchased a new stake in Amdocs Limited (NASDAQ:DOX) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 81,656 shares of the technology company’s stock, valued at approximately $4,418,000. Amdocs makes up 0.4% of Ibex Investors LLC’s holdings, making the stock its 13th biggest holding.
Several other institutional investors also recently added to or reduced their stakes in DOX. Blue Sky Asset Management LLC acquired a new stake in Amdocs during the first quarter worth about $103,000. CIBC Asset Management Inc grew its stake in Amdocs by 17.1% during the first quarter. CIBC Asset Management Inc now owns 7,790 shares of the technology company’s stock worth $422,000 after buying an additional 1,136 shares in the last quarter. First Allied Advisory Services Inc. acquired a new stake in Amdocs during the first quarter worth about $216,000. Pzena Investment Management LLC grew its stake in Amdocs by 30.5% during the first quarter. Pzena Investment Management LLC now owns 13,695 shares of the technology company’s stock worth $741,000 after buying an additional 3,199 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in Amdocs by 0.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 240,084 shares of the technology company’s stock worth $12,991,000 after buying an additional 1,240 shares in the last quarter. Institutional investors own 93.02% of the company’s stock.
DOX has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Amdocs from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday. BidaskClub downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Finally, ValuEngine downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Amdocs presently has an average rating of “Hold” and a consensus price target of $72.60.
Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, May 14th. The technology company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Amdocs had a net margin of 8.46% and a return on equity of 14.75%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. On average, research analysts forecast that Amdocs Limited will post 3.92 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Ibex Investors LLC Purchases Shares of 81,656 Amdocs Limited (DOX)” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://theolympiareport.com/2019/05/15/ibex-investors-llc-purchases-shares-of-81656-amdocs-limited-dox.html.
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.
Featured Article: Channel Trading
Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX).
Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.