Amdocs’ (DOX) “Hold” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their hold rating on shares of Amdocs (NASDAQ:DOX) in a report issued on Thursday morning.

Several other analysts have also recently commented on the stock. BidaskClub cut shares of Amdocs from a buy rating to a hold rating in a research note on Thursday. Zacks Investment Research cut shares of Amdocs from a hold rating to a sell rating in a research note on Monday, December 31st. Finally, TheStreet cut shares of Amdocs from a b rating to a c+ rating in a research note on Friday, November 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Amdocs presently has a consensus rating of Hold and a consensus price target of $72.28.

Shares of DOX traded up $0.24 during mid-day trading on Thursday, reaching $60.00. 601,443 shares of the company’s stock were exchanged, compared to its average volume of 669,268. Amdocs has a 52-week low of $55.89 and a 52-week high of $71.72. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.60.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data 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 business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts expect that Amdocs will post 3.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. Amdocs’s dividend payout ratio is presently 26.74%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mainstay Capital Management LLC ADV lifted its holdings in shares of Amdocs by 6,519.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,619 shares of the technology company’s stock valued at $100,000 after acquiring an additional 6,519 shares in the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in Amdocs in the 3rd quarter worth $124,000. Dynamic Technology Lab Private Ltd acquired a new position in Amdocs in the 2nd quarter worth $205,000. Capital Fund Management S.A. acquired a new position in Amdocs in the 2nd quarter worth $218,000. Finally, Cerebellum GP LLC lifted its holdings in Amdocs by 49.2% in the 4th quarter. Cerebellum GP LLC now owns 4,295 shares of the technology company’s stock worth $252,000 after buying an additional 1,417 shares in the last quarter. 93.61% of the stock is owned by institutional investors.

About Amdocs

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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Analyst Recommendations for Amdocs (NASDAQ:DOX)

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