Shares of Amdocs Limited (NASDAQ:DOX) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $70.17.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Amdocs from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Oppenheimer restated a “buy” rating and issued a $77.00 target price on shares of Amdocs in a report on Wednesday, September 27th. BidaskClub lowered shares of Amdocs from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Robert W. Baird restated a “hold” rating and issued a $66.00 target price on shares of Amdocs in a report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and issued a $70.00 target price on shares of Amdocs in a report on Thursday, October 12th.

Shares of Amdocs (NASDAQ:DOX) traded up $0.60 during midday trading on Monday, hitting $67.59. 516,500 shares of the stock traded hands, compared to its average volume of 693,744. Amdocs has a 52-week low of $56.10 and a 52-week high of $67.98. The firm has a market capitalization of $9,730.00, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.32 and a beta of 0.53.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. Amdocs had a net margin of 11.30% and a return on equity of 14.77%. The firm had revenue of $979.70 million for the quarter, compared to analyst estimates of $977.72 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts anticipate that Amdocs will post 3.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 1.30%. Amdocs’s dividend payout ratio (DPR) is 29.73%.

Amdocs announced that its board has approved a stock buyback plan on Wednesday, November 8th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several institutional investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia boosted its holdings in Amdocs by 3.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 14,836 shares of the technology company’s stock worth $956,000 after buying an additional 500 shares during the period. Bank of Hawaii boosted its holdings in Amdocs by 4.2% in the 2nd quarter. Bank of Hawaii now owns 14,490 shares of the technology company’s stock worth $934,000 after buying an additional 590 shares during the period. Robecosam AG boosted its holdings in Amdocs by 37.8% in the 2nd quarter. Robecosam AG now owns 2,550 shares of the technology company’s stock worth $163,000 after buying an additional 700 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Amdocs by 3.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,490 shares of the technology company’s stock worth $1,447,000 after buying an additional 835 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Amdocs by 14.2% in the 3rd quarter. Park Avenue Securities LLC now owns 6,857 shares of the technology company’s stock worth $443,000 after buying an additional 855 shares during the period. 92.05% of the stock is owned by hedge funds and other institutional investors.

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Amdocs Company Profile

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.

Analyst Recommendations for Amdocs (NASDAQ:DOX)

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