Amdocs Limited (DOX) Stake Boosted by Brown Advisory Inc.

Amdocs Limited (DOX) Stake Boosted by Brown Advisory Inc.

Brown Advisory Inc. raised its stake in Amdocs Limited (NASDAQ:DOX) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,066 shares of the technology company’s stock after purchasing an additional 10,966 shares during the period. Brown Advisory Inc.’s holdings in Amdocs were worth $7,065,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DOX. BNP Paribas Arbitrage SA boosted its position in Amdocs by 102.4% during the second quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the technology company’s stock valued at $289,000 after acquiring an additional 2,212 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Amdocs by 8.8% during the second quarter. Wedge Capital Management L L P NC now owns 11,650 shares of the technology company’s stock valued at $771,000 after acquiring an additional 944 shares during the last quarter. First Trust Advisors LP boosted its position in Amdocs by 2.9% during the second quarter. First Trust Advisors LP now owns 409,261 shares of the technology company’s stock valued at $27,089,000 after acquiring an additional 11,404 shares during the last quarter. Victory Capital Management Inc. boosted its position in Amdocs by 13.3% during the second quarter. Victory Capital Management Inc. now owns 80,260 shares of the technology company’s stock valued at $5,312,000 after acquiring an additional 9,398 shares during the last quarter. Finally, Boston Financial Mangement LLC boosted its position in Amdocs by 3.4% during the second quarter. Boston Financial Mangement LLC now owns 115,568 shares of the technology company’s stock valued at $7,649,000 after acquiring an additional 3,804 shares during the last quarter. Institutional investors own 91.15% of the company’s stock.

A number of equities analysts have recently issued reports on DOX shares. Zacks Investment Research cut shares of Amdocs from a “hold” rating to a “sell” rating in a research report on Monday, November 26th. TheStreet cut shares of Amdocs from a “b” rating to a “c+” rating in a research report on Friday, November 9th. Finally, BidaskClub cut shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $72.60.

DOX stock opened at $63.80 on Wednesday. The stock has a market cap of $9.31 billion, a PE ratio of 17.63, a P/E/G ratio of 1.97 and a beta of 0.51. Amdocs Limited has a 1 year low of $60.50 and a 1 year high of $71.72.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Thursday, November 8th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1 billion. Amdocs had a return on equity of 15.06% and a net margin of 8.92%. Amdocs’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. On average, research analysts forecast that Amdocs Limited will post 3.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Stockholders of record on Monday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date is Friday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.57%. Amdocs’s dividend payout ratio (DPR) is presently 26.74%.

About Amdocs

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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