Public Employees Retirement System of Ohio Takes $1.52 Million Position in Amdocs Limited $DOX

Public Employees Retirement System of Ohio acquired a new position in Amdocs Limited (NASDAQ:DOX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,133 shares of the technology company's stock, valued at approximately $1,523,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC boosted its holdings in Amdocs by 82.6% in the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company's stock valued at $969,100,000 after purchasing an additional 5,443,766 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of Amdocs by 155.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company's stock worth $169,908,000 after purchasing an additional 1,283,231 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Amdocs by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company's stock valued at $226,045,000 after buying an additional 571,036 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Amdocs by 469.4% during the fourth quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company's stock valued at $43,787,000 after buying an additional 448,358 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in shares of Amdocs by 501.1% in the fourth quarter. Voloridge Investment Management LLC now owns 520,494 shares of the technology company's stock valued at $41,905,000 after buying an additional 433,907 shares during the period. Institutional investors own 92.02% of the company's stock.

Amdocs Price Performance

Shares of Amdocs stock opened at $62.21 on Tuesday. The firm has a market cap of $6.72 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.08 and a beta of 0.42. The firm's 50-day simple moving average is $56.43 and its 200-day simple moving average is $60.83. Amdocs Limited has a twelve month low of $49.74 and a twelve month high of $86.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.94.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.84. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.72 earnings per share. As a group, research analysts expect that Amdocs Limited will post 6.56 EPS for the current fiscal year.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.569 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.7%. Amdocs's dividend payout ratio is presently 54.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DOX shares. Cfra downgraded Amdocs to a "sell" rating in a research report on Thursday, May 14th. KeyCorp initiated coverage on Amdocs in a report on Monday, June 29th. They issued a "sector weight" rating for the company. Stifel Nicolaus reduced their price objective on Amdocs from $88.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, May 14th. Wall Street Zen raised Amdocs from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Amdocs in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $86.67.

Amdocs Profile

Amdocs NASDAQ: DOX is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs' product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra'anana, Israel.

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