Amdocs Ltd. (NASDAQ:DOX) has earned an average rating of “Buy” from the eight analysts that are currently covering the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $63.00.
A number of brokerages recently commented on DOX. Zacks Investment Research lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $65.00 price target on shares of Amdocs in a research note on Wednesday, July 27th. Jefferies Group upped their price target on shares of Amdocs from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Amdocs from $61.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. upped their price target on shares of Amdocs from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th.
Several hedge funds have recently modified their holdings of DOX. PGGM Investments increased its stake in shares of Amdocs by 3.6% in the second quarter. PGGM Investments now owns 743,332 shares of the company’s stock worth $42,905,000 after buying an additional 25,653 shares during the period. Capital Fund Management S.A. increased its stake in shares of Amdocs by 139.8% in the second quarter. Capital Fund Management S.A. now owns 211,494 shares of the company’s stock worth $12,207,000 after buying an additional 123,308 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Amdocs by 4.7% in the first quarter. Panagora Asset Management Inc. now owns 890,357 shares of the company’s stock worth $53,795,000 after buying an additional 40,151 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Amdocs by 0.6% in the second quarter. BNP Paribas Arbitrage SA now owns 29,796 shares of the company’s stock worth $1,720,000 after buying an additional 184 shares during the period. Finally, State Street Corp increased its stake in shares of Amdocs by 2.8% in the first quarter. State Street Corp now owns 1,995,422 shares of the company’s stock worth $120,562,000 after buying an additional 53,565 shares during the period. 89.63% of the stock is owned by institutional investors.
Amdocs (NASDAQ:DOX) traded up 0.769% on Tuesday, hitting $58.285. 367,378 shares of the stock were exchanged. The company has a 50-day moving average price of $59.37 and a 200 day moving average price of $58.22. The company has a market capitalization of $8.68 billion, a PE ratio of 22.036 and a beta of 0.73. Amdocs has a 1-year low of $50.06 and a 1-year high of $61.33.
Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, July 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The company had revenue of $930 million for the quarter, compared to analysts’ expectations of $928.81 million. Amdocs had a net margin of 10.93% and a return on equity of 14.59%. Amdocs’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. Analysts anticipate that Amdocs will post $3.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, September 30th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Wednesday, September 28th. Amdocs’s dividend payout ratio (DPR) is presently 29.32%.
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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