Amdocs Limited (NASDAQ: DOX) has recently received a number of price target changes and ratings updates:

  • 9/27/2017 – Amdocs Limited was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/27/2017 – Amdocs Limited had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $77.00 price target on the stock.
  • 9/18/2017 – Amdocs Limited had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $77.00 price target on the stock, up previously from $70.00.
  • 9/16/2017 – Amdocs Limited was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/5/2017 – Amdocs Limited had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $70.00 price target on the stock.
  • 9/1/2017 – Amdocs Limited had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $66.00 price target on the stock.
  • 8/26/2017 – Amdocs Limited was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/17/2017 – Amdocs Limited was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/8/2017 – Amdocs Limited was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amdocs reported healthy third-quarter fiscal 2017 results, surpassing the Zacks Consensus Estimate by 7.9%. The company continues to expand its global client base by signing long-term contracts. Collaborating with a major telecommunication industry player like AT&T on an upcoming technology platform is expected to benefit Amdocs and boost its top line. Solid execution across multiple dimensions of its business and continuous project wins remain positives. However, the company underperformed the industry in the last 90 days. Amdocs is highly exposed to foreign currency exchange rate risk. The company saw a sharp decline in revenues from Europe and international markets. Amdocs is investing heavily in the emerging markets in order to boost sales, which may lead to a drop-in margins. Even in the developed markets, management has decided to undertake a series of programs to cope with recessionary situations.”
  • 8/8/2017 – Amdocs Limited was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Amdocs Limited (NASDAQ:DOX) opened at 65.20 on Wednesday. The firm has a market cap of $9.48 billion, a P/E ratio of 22.71 and a beta of 0.53. The firm has a 50-day moving average of $63.78 and a 200-day moving average of $63.72. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $67.98.

Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $967.00 million during the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. On average, equities analysts forecast that Amdocs Limited will post $3.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.35%. Amdocs Limited’s payout ratio is 30.66%.

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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