Media coverage about Amdocs (NASDAQ:DOX) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty 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 media sentiment score of 0.07 on Accern’s scale. Accern also gave news 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 future.
Amdocs (NASDAQ:DOX) traded up $0.18 on Tuesday, reaching $65.33. 939,900 shares of the company traded hands, compared to its average volume of 781,596. Amdocs has a 1-year low of $58.93 and a 1-year high of $71.37. The company has a market capitalization of $9,376.02, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.52.
Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. The business had revenue of $977.70 million during the quarter, compared to analysts’ expectations of $979.13 million. During the same quarter in the prior year, the business posted $0.90 earnings per share. Amdocs’s revenue was up 2.4% compared to the same quarter last year. analysts expect that Amdocs will post 3.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be given a dividend of $0.25 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 annualized dividend and a yield of 1.53%. Amdocs’s dividend payout ratio is currently 28.39%.
Amdocs declared that its Board of Directors has approved a stock buyback program on Wednesday, November 8th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
DOX has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Amdocs from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Friday, November 10th. BidaskClub cut shares of Amdocs from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a “buy” rating and set a $77.00 price objective on shares of Amdocs in a research report on Thursday, December 14th. Robert W. Baird reissued a “hold” rating and issued a $66.00 target price on shares of Amdocs in a research report on Friday, October 20th. Finally, Stifel Nicolaus boosted their target price on shares of Amdocs from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Amdocs currently has a consensus rating of “Hold” and an average price target of $70.71.
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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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