Ifrah Financial Services Inc decreased Amdocs Ltd (DOX) stake by 52.28% reported in 2017Q3 SEC filing. Zacks Investment Research's earnings per share averages are an average based on a survey of research analysts that that provide coverage for Amdocs Limited. Janus Henderson Group PLC boosted its stake in Amdocs by 0.8% in the 3rd quarter.
A number of other large investors have also recently bought and sold shares of DOX. Majedie Asset Management Ltd lifted its holdings in shares of Amdocs by 155.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,969 shares of the technology company's stock worth $181,000 after purchasing an additional 696 shares during the period. Finally, Atria Investments LLC bought a new position in shares of Amdocs Limited during the second quarter worth approximately $218,000. The Ifrah Financial Services Inc holds 5,296 shares with $341,000 value, down from 11,098 last quarter. FMR LLC boosted its stake in Amdocs by 13.6% in the 2nd quarter. During the same quarter in the prior year, the business earned $0.90 earnings per share. Boston Partners boosted its stake in Amdocs by 0.4% in the 3rd quarter. FMR LLC now owns 14,342,346 shares of the technology company's stock worth $924,507,000 after purchasing an additional 1,722,080 shares during the period. Institutional investors own 89.31% of the company's stock.
Several brokerages have recently commented on DOX. Oppenheimer Holdings, Inc. restated a "buy" rating and issued a $70.00 price objective on shares of Amdocs Limited in a research note on Tuesday, September 5th. The stock of Amdocs Limited (NASDAQ:DOX) has "Buy" rating given on Thursday, December 14 by Oppenheimer. Barclays Capital downgraded the stock to "Equal Weight" rating in Thursday, November 12 report. Jefferies Group reiterated a "hold" rating and issued a $70.00 price objective on shares of Amdocs in a research report on Thursday, October 12th. Finally, Robert W. Baird restated a "hold" rating and issued a $66.00 price target on shares of Amdocs in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock now has a consensus rating of "Hold" and an average target price of $70.71. Amdocs Ltd Ord now has $9.33B valuation. The company has a market capitalization of $9,278.16, a P/E ratio of 20.91, a PEG ratio of 2.19 and a beta of 0.52. Amdocs has a 1-year low of $58.89 and a 1-year high of $71.37.
Shares of Amdocs Limited (DOX) traded down 1.14% on Tuesday, hitting $62.69. The technology company reported $1.02 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.96 by $0.06. The business had revenue of $977.70 million for the quarter, compared to analyst estimates of $979.13 million. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. analysts forecast that Amdocs will post 3.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, March 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. This is a positive change from Amdocs's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, September 28th. Amdocs's dividend payout ratio (DPR) is now 28.39%. Zacks Investment Research upgraded Amdocs Limited from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Friday, August 4th. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
WARNING: This report was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and global trademark and copyright laws. Ifrah Financial Services Inc sold 5,802 shares as the company's stock rose 6.65% with the market.
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers.