Shares of Amdocs Limited (NASDAQ:DOX) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $69.14.
A number of research firms have recently issued reports on DOX. Jefferies Group LLC restated a “hold” rating and set a $70.00 target price on shares of Amdocs Limited in a research note on Thursday. Zacks Investment Research upgraded shares of Amdocs Limited from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Friday, August 4th. Barclays PLC reaffirmed a “hold” rating and set a $68.00 price target on shares of Amdocs Limited in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $77.00 price target (up from $70.00) on shares of Amdocs Limited in a research report on Monday, September 18th. Finally, BidaskClub raised shares of Amdocs Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.
A number of large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its position in Amdocs Limited by 4.4% during the second quarter. Lord Abbett & CO. LLC now owns 959,422 shares of the technology company’s stock worth $61,844,000 after acquiring an additional 40,187 shares during the period. Oak Associates Ltd. OH increased its holdings in Amdocs Limited by 4.4% in the 2nd quarter. Oak Associates Ltd. OH now owns 155,395 shares of the technology company’s stock valued at $10,017,000 after buying an additional 6,500 shares during the period. Robecosam AG increased its holdings in Amdocs Limited by 37.8% in the 2nd quarter. Robecosam AG now owns 2,550 shares of the technology company’s stock valued at $163,000 after buying an additional 700 shares during the period. BB&T Investment Services Inc. bought a new position in Amdocs Limited in the 2nd quarter valued at about $118,000. Finally, Scotia Capital Inc. increased its holdings in Amdocs Limited by 10.3% in the 2nd quarter. Scotia Capital Inc. now owns 12,015 shares of the technology company’s stock valued at $774,000 after buying an additional 1,125 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.
Amdocs Limited (DOX) traded up 0.47% on Friday, hitting $65.64. 510,767 shares of the stock traded hands. The firm’s 50 day moving average is $64.27 and its 200 day moving average is $63.86. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 22.86 and a beta of 0.53. Amdocs Limited has a 52 week low of $54.91 and a 52 week high of $67.98.
Amdocs Limited (NASDAQ:DOX) last posted its earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The company had revenue of $967.00 million during the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. Amdocs Limited’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. Equities analysts anticipate that Amdocs Limited will post $3.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 28th. Amdocs Limited’s dividend payout ratio is 30.66%.
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About Amdocs Limited
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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