Fil LTD Lowered Its Amdocs LTD (DOX) Stake by $3.67 Million as Stock Value Declined

September 30, 2018 - By Jason Dias

Amdocs Limited (NASDAQ:DOX) Logo

Fil Ltd decreased its stake in Amdocs Ltd (DOX) by 1.21% based on its latest 2018Q2 regulatory filing with the SEC. Fil Ltd sold 55,658 shares as the company’s stock declined 5.44% while stock markets rallied. The institutional investor held 4.53M shares of the edp services company at the end of 2018Q2, valued at $299.71 million, down from 4.58M at the end of the previous reported quarter. Fil Ltd who had been investing in Amdocs Ltd for a number of months, seems to be less bullish one the $9.33 billion market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $65.98. About 731,851 shares traded or 14.07% up from the average. Amdocs Limited (NASDAQ:DOX) has risen 2.49% since September 30, 2017 and is uptrending. It has underperformed by 13.13% the S&P500.

Fil Ltd, which manages about $66.31 billion US Long portfolio, upped its stake in Ca Inc (NASDAQ:CA) by 144,155 shares to 2.62M shares, valued at $93.48 million in 2018Q2, according to the filing. It also increased its holding in Jd Com Inc (NASDAQ:JD) by 2.66M shares in the quarter, for a total of 10.23 million shares, and has risen its stake in Diamondback Energy Inc (NASDAQ:FANG).

Analysts await Amdocs Limited (NASDAQ:DOX) to report earnings on November, 14. They expect $0.92 earnings per share, up 4.55 % or $0.04 from last year’s $0.88 per share. DOX’s profit will be $130.12M for 17.93 P/E if the $0.92 EPS becomes a reality. After $0.97 actual earnings per share reported by Amdocs Limited for the previous quarter, Wall Street now forecasts -5.15 % negative EPS growth.

More news for Amdocs Limited (NASDAQ:DOX) were recently published by: Nasdaq.com, which released: “New Research Coverage Highlights Sanofi, Amdocs, GlaxoSmithKline plc, BT Group, Sociedad Quimica y Minera SA …” on September 26, 2018. Nasdaq.com‘s article titled: “PLDT, Amdocs sign new agreement to transform PLDT and Smart’s IT infrastructure” and published on September 28, 2018 is yet another important article.

Amdocs Limited (NASDAQ:DOX) Ratings Coverage

Among 3 analysts covering Amdocs (NASDAQ:DOX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Amdocs had 3 analyst reports since April 30, 2018 according to SRatingsIntel. Oppenheimer maintained Amdocs Limited (NASDAQ:DOX) on Friday, May 11 with “Buy” rating. Citigroup maintained Amdocs Limited (NASDAQ:DOX) on Thursday, August 2 with “Buy” rating.

Amdocs Limited (NASDAQ:DOX) Ratings Chart

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