Amdocs Limited (NASDAQ:DOX) Receives Average Recommendation of “Hold” from Analysts

Shares of Amdocs Limited (NASDAQ:DOX) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $71.33.

A number of research firms have weighed in on DOX. BidaskClub upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. dropped their target price on shares of Amdocs from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their target price on shares of Amdocs from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Shares of DOX stock opened at $70.07 on Tuesday. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.93 and a beta of 0.40. The stock has a 50 day simple moving average of $67.57 and a 200-day simple moving average of $64.62. Amdocs has a 1-year low of $52.60 and a 1-year high of $70.11.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, November 12th. The technology company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. Amdocs had a return on equity of 15.98% and a net margin of 11.73%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $0.99 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that Amdocs will post 4.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.285 per share. The ex-dividend date is Monday, December 30th. This represents a $1.14 annualized dividend and a yield of 1.63%. Amdocs’s dividend payout ratio (DPR) is currently 28.01%.

Several institutional investors have recently made changes to their positions in DOX. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Amdocs during the 2nd quarter valued at about $47,000. Morgan Dempsey Capital Management LLC lifted its stake in Amdocs by 110.0% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 905 shares of the technology company’s stock worth $56,000 after purchasing an additional 474 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Amdocs in the 2nd quarter worth approximately $60,000. Tower Research Capital LLC TRC lifted its stake in Amdocs by 20.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the technology company’s stock worth $66,000 after purchasing an additional 171 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Amdocs during the 2nd quarter worth approximately $73,000. 89.24% of the stock is owned by institutional investors and hedge funds.

Amdocs Company Profile

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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