Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Amdocs Ltd. (NASDAQ:DOX) in a research note issued to investors on Thursday. The brokerage currently has a $65.00 price target on the stock.
A number of other research analysts have also recently weighed in on DOX. Zacks Investment Research cut shares of Amdocs from a buy rating to a hold rating in a report on Monday, July 11th. Jefferies Group lifted their price objective on shares of Amdocs from $56.00 to $58.00 and gave the company a hold rating in a report on Wednesday, July 27th. Citigroup Inc. lifted their price objective on shares of Amdocs from $63.00 to $66.00 and gave the company a buy rating in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amdocs from $61.00 to $64.00 and gave the company a neutral rating in a report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $63.13.
Shares of Amdocs (NASDAQ:DOX) opened at 58.95 on Thursday. The company’s 50-day moving average is $59.51 and its 200-day moving average is $58.19. The stock has a market cap of $8.77 billion, a PE ratio of 22.29 and a beta of 0.68. Amdocs has a 52-week low of $50.06 and a 52-week high of $61.33.
Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Amdocs had a net margin of 10.93% and a return on equity of 14.59%. The business earned $930 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same period last year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts anticipate that Amdocs will post $3.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, September 30th will be given a $0.195 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.78 annualized dividend and a yield of 1.32%. Amdocs’s dividend payout ratio (DPR) is 29.32%.
A number of institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in shares of Amdocs by 0.6% in the fourth quarter. Stifel Financial Corp now owns 93,022 shares of the company’s stock valued at $5,076,000 after buying an additional 568 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in shares of Amdocs by 0.7% in the fourth quarter. Pioneer Investment Management Inc. now owns 455,774 shares of the company’s stock valued at $24,872,000 after buying an additional 3,271 shares in the last quarter. Norges Bank purchased a new position in shares of Amdocs during the fourth quarter valued at about $93,403,000. Capstone Asset Management Co. boosted its position in shares of Amdocs by 2.8% in the first quarter. Capstone Asset Management Co. now owns 45,030 shares of the company’s stock valued at $2,721,000 after buying an additional 1,224 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Amdocs by 20.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,771 shares of the company’s stock valued at $1,130,000 after buying an additional 3,135 shares in the last quarter. 89.63% of the stock is currently owned by institutional investors.
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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