BidaskClub downgraded shares of Amdocs Limited (NASDAQ:DOX) from a sell rating to a strong sell rating in a research report report published on Saturday.
A number of other research firms have also recently weighed in on DOX. Stifel Nicolaus restated a buy rating and issued a $72.00 price target (up previously from $68.00) on shares of Amdocs Limited in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $70.00 target price on shares of Amdocs Limited in a research report on Tuesday, September 5th. Zacks Investment Research lowered Amdocs Limited from a hold rating to a sell rating in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a hold rating and issued a $59.00 target price on shares of Amdocs Limited in a research report on Friday, June 16th. Finally, Robert W. Baird reaffirmed a hold rating and issued a $66.00 target price on shares of Amdocs Limited in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $68.50.
Shares of Amdocs Limited (NASDAQ DOX) opened at 64.13 on Friday. Amdocs Limited has a one year low of $54.91 and a one year high of $67.98. The company has a 50-day moving average of $64.21 and a 200 day moving average of $63.50. The firm has a market cap of $9.32 billion, a PE ratio of 22.34 and a beta of 0.53.
Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $967.00 million during the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. Amdocs Limited’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. On average, equities research analysts expect that Amdocs Limited will post $3.81 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, September 28th. Amdocs Limited’s dividend payout ratio is presently 30.66%.
A number of hedge funds and other institutional investors have recently modified their holdings of DOX. ProShare Advisors LLC bought a new position in shares of Amdocs Limited in the first quarter worth $224,000. Canada Pension Plan Investment Board grew its stake in shares of Amdocs Limited by 107.2% in the first quarter. Canada Pension Plan Investment Board now owns 49,418 shares of the technology company’s stock worth $3,014,000 after purchasing an additional 25,566 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Amdocs Limited by 55.0% in the first quarter. American Century Companies Inc. now owns 21,459 shares of the technology company’s stock worth $1,309,000 after purchasing an additional 7,618 shares in the last quarter. US Bancorp DE grew its stake in shares of Amdocs Limited by 7.4% in the first quarter. US Bancorp DE now owns 30,427 shares of the technology company’s stock worth $1,856,000 after purchasing an additional 2,105 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Amdocs Limited by 21.8% in the first quarter. BNP Paribas Arbitrage SA now owns 31,118 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 5,575 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.
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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