Amdocs Limited (DOX) Holdings Increased by Strs Ohio

Strs Ohio raised its holdings in Amdocs Limited (NASDAQ:DOX) by 14.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,283 shares of the technology company’s stock after acquiring an additional 1,191 shares during the period. Strs Ohio’s holdings in Amdocs were worth $612,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Amdocs by 12.5% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 9,662 shares of the technology company’s stock valued at $640,000 after purchasing an additional 1,073 shares during the last quarter. Paloma Partners Management Co increased its position in shares of Amdocs by 85.0% during the 2nd quarter. Paloma Partners Management Co now owns 9,817 shares of the technology company’s stock valued at $650,000 after purchasing an additional 4,511 shares during the last quarter. Stevens Capital Management LP increased its position in shares of Amdocs by 663.4% during the 2nd quarter. Stevens Capital Management LP now owns 41,124 shares of the technology company’s stock valued at $2,722,000 after purchasing an additional 35,737 shares during the last quarter. Carillon Tower Advisers Inc. increased its position in shares of Amdocs by 49.2% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 55,700 shares of the technology company’s stock valued at $3,686,000 after purchasing an additional 18,357 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Amdocs by 102.5% during the 2nd quarter. Millennium Management LLC now owns 93,213 shares of the technology company’s stock valued at $6,170,000 after purchasing an additional 47,183 shares during the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

DOX opened at $64.34 on Friday. Amdocs Limited has a 1 year low of $60.50 and a 1 year high of $71.72. The company has a market cap of $9.20 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.87 and a beta of 0.52.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Amdocs had a return on equity of 15.00% and a net margin of 10.56%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $0.94 EPS. Amdocs’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts predict that Amdocs Limited will post 3.75 earnings per share for the current year.

Several equities analysts have recently commented on the company. BidaskClub upgraded Amdocs from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Robert W. Baird reiterated a “hold” rating and set a $72.00 price objective on shares of Amdocs in a research report on Thursday, August 2nd. Citigroup reduced their price objective on Amdocs from $79.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Barclays set a $73.00 price target on Amdocs and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research lowered Amdocs from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Amdocs has an average rating of “Hold” and an average target price of $72.60.

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Amdocs Profile

Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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