Media headlines about Amdocs (NASDAQ:DOX) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Amdocs earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 47.0877991449632 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
Shares of Amdocs (DOX) traded up $0.80 during trading on Friday, hitting $69.61. 353,272 shares of the stock were exchanged, compared to its average volume of 462,009. The firm has a market cap of $10,017.85, a price-to-earnings ratio of 23.52, a PEG ratio of 2.39 and a beta of 0.52. Amdocs has a 1-year low of $56.10 and a 1-year high of $69.61.
Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The business had revenue of $979.70 million for the quarter, compared to analyst estimates of $977.72 million. Amdocs had a net margin of 10.94% and a return on equity of 11.92%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS. analysts forecast that Amdocs will post 3.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, December 29th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 1.26%. Amdocs’s dividend payout ratio (DPR) is 29.73%.
Amdocs announced that its board has authorized a stock repurchase program on Wednesday, November 8th that allows the company to buyback $800.00 million in outstanding shares. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have recently issued reports on DOX shares. Zacks Investment Research lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Robert W. Baird restated a “hold” rating and issued a $66.00 target price on shares of Amdocs in a research note on Friday, October 20th. Jefferies Group restated a “hold” rating and issued a $70.00 target price on shares of Amdocs in a research note on Thursday, October 12th. Oppenheimer restated a “buy” rating and issued a $77.00 target price on shares of Amdocs in a research note on Thursday, December 14th. Finally, BidaskClub upgraded shares of Amdocs from a “strong sell” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $70.29.
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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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