Amdocs Limited (NASDAQ:DOX) has received an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $70.67.
DOX has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Amdocs from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Robert W. Baird reissued a “hold” rating and issued a $66.00 price target on shares of Amdocs in a research report on Friday, October 20th. BidaskClub raised shares of Amdocs from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 18th. Oppenheimer reissued a “buy” rating and issued a $77.00 price target on shares of Amdocs in a research report on Thursday, December 14th. Finally, Stifel Nicolaus lifted their price target 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.
Several large investors have recently modified their holdings of DOX. Two Sigma Investments LP bought a new stake in Amdocs in the 4th quarter valued at about $55,651,000. Two Sigma Advisers LP raised its stake in Amdocs by 809.4% in the 4th quarter. Two Sigma Advisers LP now owns 984,898 shares of the technology company’s stock valued at $64,491,000 after acquiring an additional 876,600 shares during the period. Franklin Resources Inc. raised its stake in Amdocs by 21.4% in the 4th quarter. Franklin Resources Inc. now owns 331,659 shares of the technology company’s stock valued at $21,717,000 after acquiring an additional 58,461 shares during the period. Jefferies Group LLC increased its position in shares of Amdocs by 193.8% during the fourth quarter. Jefferies Group LLC now owns 47,121 shares of the technology company’s stock valued at $3,085,000 after buying an additional 31,085 shares during the period. Finally, Weil Company Inc. bought a new stake in shares of Amdocs during the fourth quarter valued at about $1,473,000. 91.28% of the stock is currently owned by institutional investors.
Amdocs (DOX) traded up $0.66 during trading on Friday, reaching $65.93. 698,811 shares of the company’s stock traded hands, compared to its average volume of 808,684. Amdocs has a 52-week low of $58.93 and a 52-week high of $71.37. The company has a market cap of $9,401.92, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52.
Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. The company had revenue of $977.70 million during the quarter, compared to analyst estimates of $979.13 million. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. Amdocs’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 EPS. analysts predict that Amdocs will post 3.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be issued a $0.25 dividend. This is an increase from Amdocs’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, March 28th. Amdocs’s payout ratio is 28.39%.
Amdocs declared that its Board of Directors has authorized a share buyback program on Wednesday, November 8th that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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.
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