Amdocs Limited (DOX) Receives Average Rating of “Hold” from Analysts
Amdocs Limited (NASDAQ:DOX) has earned an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $65.71.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Amdocs Limited from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a $68.00 price target on shares of Amdocs Limited in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price target on shares of Amdocs Limited in a report on Friday, June 16th. BidaskClub downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Robert W. Baird increased their price target on Amdocs Limited from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, May 10th.
A number of hedge funds have recently modified their holdings of the company. Huntington National Bank increased its stake in shares of Amdocs Limited by 2.6% in the second quarter. Huntington National Bank now owns 4,565 shares of the technology company’s stock valued at $295,000 after buying an additional 117 shares in the last quarter. US Bancorp DE increased its stake in shares of Amdocs Limited by 4.9% in the second quarter. US Bancorp DE now owns 31,907 shares of the technology company’s stock valued at $2,057,000 after buying an additional 1,480 shares in the last quarter. BTIM Corp. increased its stake in shares of Amdocs Limited by 12.2% in the second quarter. BTIM Corp. now owns 182,105 shares of the technology company’s stock valued at $11,739,000 after buying an additional 19,781 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Amdocs Limited by 40.4% in the second quarter. Nisa Investment Advisors LLC now owns 59,080 shares of the technology company’s stock valued at $3,808,000 after buying an additional 17,000 shares in the last quarter. Finally, OLD National Bancorp IN increased its stake in shares of Amdocs Limited by 0.6% in the second quarter. OLD National Bancorp IN now owns 4,358 shares of the technology company’s stock valued at $281,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 90.72% of the company’s stock.
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Amdocs Limited (NASDAQ:DOX) traded up 0.50% on Monday, reaching $66.01. The company’s stock had a trading volume of 338,964 shares. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. Amdocs Limited has a 52-week low of $54.91 and a 52-week high of $66.48. The firm’s 50-day moving average price is $64.92 and its 200-day moving average price is $61.93.
Amdocs Limited (NASDAQ:DOX) last announced its earnings results on Tuesday, May 9th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The business had revenue of $966 million during the quarter, compared to analyst estimates of $960.58 million. Amdocs Limited had a return on equity of 14.46% and a net margin of 10.84%. Amdocs Limited’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. On average, equities analysts expect that Amdocs Limited will post $3.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.33%. Amdocs Limited’s payout ratio is currently 31.88%.
About Amdocs Limited
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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