Voloridge Investment Management LLC boosted its holdings in Amdocs Limited (NASDAQ:DOX) by 52.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 55,274 shares of the technology company’s stock after purchasing an additional 18,995 shares during the quarter. Voloridge Investment Management LLC’s holdings in Amdocs were worth $3,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of Amdocs by 6.3% in the 2nd quarter. Arizona State Retirement System now owns 59,411 shares of the technology company’s stock valued at $3,689,000 after acquiring an additional 3,523 shares during the last quarter. Strs Ohio purchased a new position in Amdocs during the second quarter valued at approximately $549,000. BTIM Corp. raised its stake in Amdocs by 11.0% in the second quarter. BTIM Corp. now owns 259,073 shares of the technology company’s stock worth $16,086,000 after buying an additional 25,637 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Amdocs during the second quarter worth $60,000. Finally, SG Americas Securities LLC lifted its holdings in Amdocs by 13.8% during the second quarter. SG Americas Securities LLC now owns 23,034 shares of the technology company’s stock worth $1,430,000 after buying an additional 2,788 shares during the period. 89.23% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on DOX shares. Stifel Nicolaus lifted their price target on Amdocs from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. reduced their price target on Amdocs from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Finally, BidaskClub downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $71.33.

Shares of Amdocs stock opened at $69.29 on Tuesday. The firm’s 50 day moving average price is $67.07 and its 200-day moving average price is $64.32. Amdocs Limited has a 52-week low of $52.60 and a 52-week high of $69.85. The company has a market cap of $9.67 billion, a P/E ratio of 17.02, a PEG ratio of 1.92 and a beta of 0.40.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, November 12th. The technology company reported $1.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.08. Amdocs had a net margin of 11.73% and a return on equity of 15.98%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Amdocs’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 company posted $0.99 earnings per share. As a group, equities research analysts expect that Amdocs Limited will post 4.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Tuesday, December 31st will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, December 30th. Amdocs’s payout ratio is currently 28.01%.

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

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