Citigroup Inc. Raises Position in Amdocs Limited (DOX)

Citigroup Inc. boosted its position in shares of Amdocs Limited (NASDAQ:DOX) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 86,236 shares of the technology company’s stock after buying an additional 695 shares during the quarter. Citigroup Inc.’s holdings in Amdocs were worth $5,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOX. Riverview Trust Co acquired a new position in Amdocs during the 4th quarter worth $27,000. Cutler Group LP acquired a new position in Amdocs during the 4th quarter worth $55,000. Oppenheimer Asset Management Inc. acquired a new position in Amdocs during the 4th quarter worth $58,000. Honkamp Krueger Financial Services Inc. acquired a new position in Amdocs during the 3rd quarter worth $124,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Amdocs during the 4th quarter worth $222,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.

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DOX stock opened at $54.21 on Friday. The firm has a market capitalization of $7.93 billion, a PE ratio of 15.53, a P/E/G ratio of 1.70 and a beta of 0.53. Amdocs Limited has a twelve month low of $52.60 and a twelve month high of $71.72.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Amdocs had a net margin of 8.46% and a return on equity of 14.75%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Sell-side analysts forecast that Amdocs Limited will post 3.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, March 29th will be paid a $0.285 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from Amdocs’s previous quarterly dividend of $0.25. Amdocs’s dividend payout ratio is 26.74%.

Several research analysts have issued reports on DOX shares. TheStreet downgraded Amdocs from a “b” rating to a “c+” rating in a report on Friday, November 9th. Zacks Investment Research downgraded Amdocs from a “hold” rating to a “sell” rating in a report on Monday, November 19th. BidaskClub downgraded Amdocs from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. JPMorgan Chase & Co. set a $70.00 price objective on Amdocs and gave the stock a “hold” rating in a report on Tuesday, December 11th. Finally, ValuEngine downgraded Amdocs from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $71.03.

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Amdocs 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.

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