Analysts’ Weekly Ratings Updates for Amdocs (DOX)

Several brokerages have updated their recommendations and price targets on shares of Amdocs (NASDAQ: DOX) in the last few weeks:

  • 1/10/2019 – Amdocs had its “hold” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 1/10/2019 – Amdocs was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/31/2018 – Amdocs was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Amdocs' exposure to foreign currency exchange rate risk is a major concern. A sequential impact of $5 million in foreign currency movements affected the top-line. Moreover, high concentration risk remains a significant challenge. Decline in spending by Amdocs’ largest client — AT&T— is affecting the company. Continued drag in the directory systems market remains a headwind. This downtrend, which has been persistent for the past couple of years, is expected to continue. Shares have underperformed the industry on a year-to-date basis. However, Amdocs' growing client base and portfolio expansion are positives. Its support for Comcast Business’ commercially available software-defined wide area networking service is likely to drive growth.”
  • 12/25/2018 – Amdocs was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/13/2018 – Amdocs was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Amdocs' Q4 results improved year-over-year. However, exposure to foreign currency exchange rate risk is a major concern. A sequential impact of $5 million in foreign currency movements affected the top-line. Moreover, high concentration risk remains a significant challenge. Decline in spending by Amdocs’ largest client — AT&T— is affecting the company. Continued drag in the directory systems market remains a headwind. This downtrend, which has been persistent for the past couple of years, is expected to continue. Shares have underperformed the industry on a year-to-date basis. However, Amdocs' growing client base and portfolio expansion are positives. Its support for Comcast Business’ commercially available software-defined wide area networking service is likely to drive growth.”
  • 12/11/2018 – Amdocs was given a new $70.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “hold” rating on the stock.
  • 12/3/2018 – Amdocs was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Amdocs' Q4 results improved year-over-year. However, exposure to foreign currency exchange rate risk is a major concern. A sequential impact of $5 million in foreign currency movements affected the top-line. Moreover, high concentration risk remains a significant challenge. Decline in spending by Amdocs’ largest client — AT&T— is affecting the company. Continued drag in the directory systems market remains a headwind. This downtrend, which has been persistent for the past couple of years, is expected to continue. Shares have underperformed the industry on a year-to-date basis. However, Amdocs' growing client base and portfolio expansion are positives. Its support for Comcast Business’ commercially available software-defined wide area networking service is likely to drive growth.”
  • 11/28/2018 – Amdocs was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/26/2018 – Amdocs was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Amdocs' Q4 results improved year-over-year. However, exposure to foreign currency exchange rate risk is a major concern. A sequential impact of $5 million in foreign currency movements affected the top-line. Moreover, high concentration risk remains a significant challenge. Decline in spending by Amdocs’ largest client — AT&T— is affecting the company. Continued drag in the directory systems market remains a headwind. This downtrend, which has been persistent for the past couple of years, is expected to continue. Shares have underperformed the industry on a year-to-date basis. However, Amdocs' growing client base and portfolio expansion are positives. Its support for Comcast Business’ commercially available software-defined wide area networking service is likely to drive growth.”
  • 11/19/2018 – Amdocs was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Amdocs' Q4 results improved year-over-year. However, exposure to foreign currency exchange rate risk is a major concern. A sequential impact of $5 million in foreign currency movements affected the top-line. Moreover, high concentration risk remains a significant challenge. Decline in spending by Amdocs’ largest client — AT&T — is affecting the company. Continued drag in the directory systems market remains a headwind. This downtrend, which has been persistent for the past couple of years, is expected to continue. Shares have underperformed the industry on a year-to-date basis. However, Amdocs' growing client base and portfolio expansion are positives. Its support for Comcast Business’ commercially available software-defined wide area networking service is likely to drive growth.”

Shares of NASDAQ:DOX traded down $0.20 during mid-day trading on Monday, reaching $59.80. The stock had a trading volume of 27,357 shares, compared to its average volume of 669,268. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.78 and a beta of 0.60. Amdocs Limited has a twelve month low of $55.89 and a twelve month high of $71.72.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, November 8th. The technology company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). Amdocs had a return on equity of 15.06% and a net margin of 8.92%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $0.94 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Amdocs Limited will post 3.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 18th. Investors of record on Monday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. Amdocs’s dividend payout ratio (DPR) is 26.74%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOX. Massachusetts Financial Services Co. MA increased its stake in Amdocs by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,446,127 shares of the technology company’s stock worth $425,316,000 after buying an additional 375,255 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Amdocs by 12.5% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 9,662 shares of the technology company’s stock valued at $640,000 after buying an additional 1,073 shares in the last quarter. Paloma Partners Management Co grew its stake in shares of Amdocs by 85.0% in the second quarter. Paloma Partners Management Co now owns 9,817 shares of the technology company’s stock valued at $650,000 after buying an additional 4,511 shares in the last quarter. Millennium Management LLC grew its stake in shares of Amdocs by 102.5% in the second quarter. Millennium Management LLC now owns 93,213 shares of the technology company’s stock valued at $6,170,000 after buying an additional 47,183 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Amdocs by 15.5% in the third quarter. Schroder Investment Management Group now owns 915,338 shares of the technology company’s stock valued at $60,394,000 after buying an additional 123,111 shares in the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.

Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.

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