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Equities research analysts at Barclays upped their target price on shares of Amdocs (NYSE:DOX) from $43.00 to $45.00 in a research note issued to investors on Thursday, Stock Ratings reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would suggest a potential upside of 6.79% from the stock’s previous close.

DOX has been the subject of a number of other recent research reports. Analysts at Oppenheimer downgraded shares of Amdocs from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, December 16th. Analysts at Zacks reiterated a “neutral” rating on shares of Amdocs in a research note to investors on Monday, November 11th. They now have a $42.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Amdocs has an average rating of “Buy” and a consensus target price of $42.43.

Shares of Amdocs (NYSE:DOX) traded up 4.65% on Thursday, hitting $44.10. 1,224,935 shares of the company’s stock traded hands. Amdocs has a 1-year low of $34.07 and a 1-year high of $43.24. The stock has a 50-day moving average of $41.36 and a 200-day moving average of $39.04. The company has a market cap of $7.055 billion and a P/E ratio of 16.66.

Amdocs (NYSE:DOX) last announced its earnings results on Wednesday, January 29th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.01. The company had revenue of $864.00 million for the quarter, compared to the consensus estimate of $860.36 million. During the same quarter last year, the company posted $0.73 earnings per share. Amdocs’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Amdocs will post $3.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of 0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.47%.

Amdocs Limited is a provider of software and services for communications, media and entertainment industry service providers.

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