As Amdocs LTD Ord (DOX) Valuation Rose, Aperio Group LLC Has Decreased Its Holding by $25.29 Million

July 17, 2017 - By Nellie Frank

Aperio Group Llc decreased its stake in Amdocs Ltd Ord (DOX) by 32.87% based on its latest 2016Q4 regulatory filing with the SEC. Aperio Group Llc sold 436,047 shares as the company’s stock rose 6.65% with the market. The institutional investor held 890,469 shares of the edp services company at the end of 2016Q4, valued at $51.87 million, down from 1.33M at the end of the previous reported quarter. Aperio Group Llc who had been investing in Amdocs Ltd Ord for a number of months, seems to be less bullish one the $9.55B market cap company. The stock increased 0.52% or $0.34 during the last trading session, reaching $65.33. About 445,337 shares traded. Amdocs Limited (NASDAQ:DOX) has risen 13.40% since July 17, 2016 and is uptrending. It has underperformed by 3.30% the S&P500.

Aperio Group Llc, which manages about $7.06B and $13.07 billion US Long portfolio, upped its stake in Consolidated Edison I (NYSE:ED) by 72,870 shares to 573,295 shares, valued at $42.24 million in 2016Q4, according to the filing. It also increased its holding in Baxter Intl Inc (NYSE:BAX) by 103,114 shares in the quarter, for a total of 406,390 shares, and has risen its stake in Honeywell Intl Inc Co (NYSE:HON).

More recent Amdocs Limited (NASDAQ:DOX) news were published by: Globenewswire.com which released: “Amdocs Limited Reports Second Quarter Fiscal 2017 Results” on May 09, 2017. Also Nasdaq.com published the news titled: “Amdocs Limited (DOX) Ex-Dividend Date Scheduled for June 28, 2017” on June 27, 2017. Investorplace.com‘s news article titled: “Ex-Dividend Reminders Include Yamana Gold Inc. (USA) (AUY) and FMC Corp (FMC)” with publication date: June 26, 2017 was also an interesting one.

Amdocs Limited (NASDAQ:DOX) Ratings Coverage

Among 6 analysts covering Amdocs (NASDAQ:DOX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Amdocs had 8 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 28 by Bank of America. The firm earned “Buy” rating on Wednesday, November 11 by Stifel Nicolaus. The stock has “Equal Weight” rating by Barclays Capital on Thursday, November 12. The firm earned “Hold” rating on Friday, June 16 by Jefferies. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 30. Oppenheimer maintained the stock with “Outperform” rating in Thursday, September 10 report. The company was maintained on Wednesday, July 27 by Citigroup. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, June 27.

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