WBI Investments Inc. acquired a new position in shares of Amdocs Limited (NASDAQ:DOX) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,481 shares of the technology company’s stock, valued at approximately $588,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Machina Capital S.A.S. lifted its holdings in shares of Amdocs by 42.8% in the second quarter. Machina Capital S.A.S. now owns 4,562 shares of the technology company’s stock valued at $283,000 after purchasing an additional 1,368 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of Amdocs by 6.5% in the second quarter. Eqis Capital Management Inc. now owns 6,006 shares of the technology company’s stock valued at $373,000 after purchasing an additional 365 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Amdocs in the second quarter valued at about $527,000. CenturyLink Investment Management Co purchased a new stake in shares of Amdocs in the second quarter valued at about $1,503,000. Finally, First Hawaiian Bank lifted its holdings in shares of Amdocs by 15.9% in the second quarter. First Hawaiian Bank now owns 14,687 shares of the technology company’s stock valued at $912,000 after purchasing an additional 2,017 shares in the last quarter. 90.80% of the stock is owned by institutional investors and hedge funds.

Shares of DOX traded up $0.02 on Monday, hitting $64.45. 17,020 shares of the stock traded hands, compared to its average volume of 537,050. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.89 and a beta of 0.42. The firm has a 50 day moving average price of $62.50. Amdocs Limited has a 1 year low of $52.60 and a 1 year high of $68.99.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, June 28th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Thursday, June 27th. Amdocs’s payout ratio is 30.48%.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Anglo American in a report on Wednesday, May 15th. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, July 16th. TheStreet downgraded shares of TIM Participacoes from a “b” rating to a “c+” rating in a report on Tuesday, June 4th. Finally, ValuEngine raised shares of Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Amdocs currently has an average rating of “Hold” and an average target price of $71.20.

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.

Further Reading: What is a Fiduciary?

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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