BidaskClub downgraded shares of Amdocs Limited (NASDAQ:DOX) from a hold rating to a sell rating in a report issued on Tuesday.
Several other research firms have also recently commented on DOX. Barclays PLC reiterated a hold rating and issued a $68.00 price target on shares of Amdocs Limited in a research note on Friday, August 4th. Zacks Investment Research upgraded Amdocs Limited from a hold rating to a buy rating and set a $75.00 price target on the stock in a research note on Friday, August 4th. Stifel Nicolaus reiterated a buy rating and issued a $72.00 price target (up previously from $68.00) on shares of Amdocs Limited in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a hold rating and issued a $59.00 price target on shares of Amdocs Limited in a research note on Friday, June 16th. Finally, Robert W. Baird boosted their price target on Amdocs Limited from $62.00 to $66.00 and gave the stock a neutral rating in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $67.63.
Shares of Amdocs Limited (NASDAQ:DOX) traded down 0.72% during midday trading on Tuesday, reaching $63.64. The company’s stock had a trading volume of 806,031 shares. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 22.11 and a beta of 0.54. The firm’s 50 day moving average is $65.38 and its 200 day moving average is $62.73. Amdocs Limited has a 52 week low of $54.91 and a 52 week high of $67.98.
Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Amdocs Limited had a return on equity of 14.73% and a net margin of 11.11%. The business had revenue of $967 million for the quarter, compared to analysts’ expectations of $967.04 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that Amdocs Limited will post $3.81 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, September 28th. Amdocs Limited’s dividend payout ratio is currently 30.66%.
A number of hedge funds have recently made changes to their positions in the stock. OxFORD Asset Management LLP purchased a new stake in shares of Amdocs Limited during the second quarter valued at $630,000. Dimensional Fund Advisors LP raised its stake in shares of Amdocs Limited by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,147,782 shares of the technology company’s stock valued at $73,981,000 after buying an additional 28,359 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Amdocs Limited by 45.0% in the second quarter. Advisor Group Inc. now owns 7,605 shares of the technology company’s stock valued at $489,000 after buying an additional 2,360 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Amdocs Limited by 65.9% in the second quarter. Quantbot Technologies LP now owns 13,627 shares of the technology company’s stock valued at $878,000 after buying an additional 5,413 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Amdocs Limited by 4.4% in the second quarter. California Public Employees Retirement System now owns 328,100 shares of the technology company’s stock valued at $21,149,000 after buying an additional 13,700 shares in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.
Amdocs Limited 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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