Anchor Capital Advisors LLC grew its holdings in Amdocs Limited (NASDAQ:DOX) by 38.6% in the first quarter, Holdings Channel reports. The institutional investor owned 568,758 shares of the technology company’s stock after acquiring an additional 158,344 shares during the period. Anchor Capital Advisors LLC’s holdings in Amdocs were worth $30,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DOX. Morgan Dempsey Capital Management LLC bought a new position in shares of Amdocs during the fourth quarter worth approximately $25,000. Riverview Trust Co bought a new position in shares of Amdocs during the fourth quarter worth approximately $27,000. Cutler Group LP bought a new position in shares of Amdocs during the fourth quarter worth approximately $55,000. Oppenheimer Asset Management Inc. bought a new position in shares of Amdocs during the fourth quarter worth approximately $58,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Amdocs by 47.8% during the first quarter. Meeder Asset Management Inc. now owns 1,057 shares of the technology company’s stock worth $57,000 after purchasing an additional 342 shares during the period. 90.86% of the stock is owned by institutional investors.

Shares of NASDAQ DOX opened at $60.75 on Friday. The company has a market cap of $8.51 billion, a PE ratio of 16.24, a PEG ratio of 1.79 and a beta of 0.52. Amdocs Limited has a 1-year low of $52.60 and a 1-year high of $70.31.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, May 14th. The technology company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.03. Amdocs had a return on equity of 15.18% and a net margin of 8.96%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, research analysts expect that Amdocs Limited will post 4.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.285 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a yield of 1.88%. Amdocs’s dividend payout ratio (DPR) is presently 30.48%.

A number of brokerages have recently weighed in on DOX. JPMorgan Chase & Co. lowered their target price on Amdocs from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 15th. ValuEngine upgraded Amdocs from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. BidaskClub upgraded Amdocs from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research upgraded Amdocs from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $71.40.

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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.

See Also: Cost of Capital

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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