California Public Employees Retirement System Acquires 68,775 Shares of Amdocs Limited (NASDAQ:DOX)

California Public Employees Retirement System boosted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 29.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 304,767 shares of the technology company’s stock after purchasing an additional 68,775 shares during the quarter. California Public Employees Retirement System’s holdings in Amdocs were worth $20,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC grew its holdings in Amdocs by 2.6% during the 3rd quarter. Park Avenue Securities LLC now owns 6,197 shares of the technology company’s stock valued at $410,000 after buying an additional 158 shares in the last quarter. Robecosam AG grew its holdings in Amdocs by 10.5% during the 2nd quarter. Robecosam AG now owns 2,100 shares of the technology company’s stock valued at $130,000 after buying an additional 200 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in Amdocs by 2.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 10,199 shares of the technology company’s stock valued at $633,000 after buying an additional 279 shares in the last quarter. Farr Miller & Washington LLC DC grew its holdings in Amdocs by 3.9% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 8,520 shares of the technology company’s stock valued at $529,000 after buying an additional 320 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its holdings in Amdocs by 6.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 6,006 shares of the technology company’s stock valued at $373,000 after buying an additional 365 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

Several research firms have weighed in on DOX. BidaskClub cut Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Zacks Investment Research cut Amdocs from a “buy” rating to a “hold” rating and set a $67.00 price target for the company. in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. raised their price target on Amdocs from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Amdocs currently has an average rating of “Hold” and an average target price of $71.00.

NASDAQ DOX opened at $67.12 on Friday. The stock has a market capitalization of $9.20 billion, a PE ratio of 17.95, a P/E/G ratio of 1.81 and a beta of 0.39. The business has a 50 day simple moving average of $65.80 and a two-hundred day simple moving average of $62.67. Amdocs Limited has a 1-year low of $52.60 and a 1-year high of $67.57.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, August 7th. The technology company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Amdocs had a return on equity of 15.70% and a net margin of 9.90%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Equities analysts predict that Amdocs Limited will post 4.05 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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