Amdocs Ltd. (DOX) Shares Sold by Neuberger Berman Group LLC
Neuberger Berman Group LLC cut its position in Amdocs Ltd. (NASDAQ:DOX) by 7.2% during the third quarter, Holdings Channel reports. The fund owned 1,130,943 shares of the company’s stock after selling 88,168 shares during the period. Neuberger Berman Group LLC’s holdings in Amdocs were worth $65,425,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Amdocs by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,271 shares of the company’s stock worth $131,000 after buying an additional 7 shares in the last quarter. Wetherby Asset Management Inc. increased its position in Amdocs by 0.3% in the second quarter. Wetherby Asset Management Inc. now owns 3,678 shares of the company’s stock valued at $212,000 after buying an additional 10 shares during the period. Parametrica Management Ltd purchased a new position in Amdocs during the third quarter valued at $217,000. Leavell Investment Management Inc. purchased a new position in Amdocs during the second quarter valued at $229,000. Finally, Eqis Capital Management Inc. increased its position in Amdocs by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 4,316 shares of the company’s stock valued at $249,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 88.68% of the company’s stock.
Shares of Amdocs Ltd. (NASDAQ:DOX) opened at 58.94 on Wednesday. The firm’s 50-day moving average price is $58.83 and its 200 day moving average price is $58.39. Amdocs Ltd. has a 1-year low of $50.06 and a 1-year high of $61.33. The firm has a market cap of $8.68 billion, a PE ratio of 21.75 and a beta of 0.68.
Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, November 8th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.00. The company earned $940.70 million during the quarter, compared to analyst estimates of $941.19 million. Amdocs had a net margin of 11.01% and a return on equity of 14.61%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. On average, equities research analysts forecast that Amdocs Ltd. will post $3.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.32%. Amdocs’s dividend payout ratio (DPR) is presently 28.78%.
DOX has been the subject of several recent research reports. Bank of America Corp. reaffirmed a “buy” rating and issued a $63.00 price target on shares of Amdocs in a report on Wednesday, November 9th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Amdocs in a report on Monday, August 8th. Finally, Jefferies Group increased their price target on Amdocs from $56.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $63.33.
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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