Amdocs Limited (NASDAQ:DOX) Rating Increased to Hold at BidaskClub
Amdocs Limited (NASDAQ:DOX) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday, August 1st.
Several other brokerages have also issued reports on DOX. Zacks Investment Research lowered Amdocs Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $68.00 price objective on shares of Amdocs Limited in a research report on Tuesday, May 9th. Robert W. Baird boosted their price objective on Amdocs Limited from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, May 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 price objective on shares of Amdocs Limited in a research report on Friday, June 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 price objective on shares of Amdocs Limited in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $67.63.
Amdocs Limited (DOX) traded down 0.72% during mid-day trading on Tuesday, hitting $63.64. 806,031 shares of the stock were exchanged. The firm has a 50-day moving average price of $65.38 and a 200-day moving average price of $62.73. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $67.98. The stock has a market capitalization of $9.29 billion, a P/E ratio of 22.11 and a beta of 0.54.
Amdocs Limited (NASDAQ:DOX) last posted its earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The company had revenue of $967 million during the quarter, compared to analyst estimates of $967.04 million. Amdocs Limited had a return on equity of 14.73% and a net margin of 11.11%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS. Equities analysts predict that Amdocs Limited will post $3.81 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in DOX. Robecosam AG bought a new stake in shares of Amdocs Limited during the first quarter worth about $114,000. Creative Planning boosted its stake in shares of Amdocs Limited by 62.7% in the first quarter. Creative Planning now owns 2,198 shares of the technology company’s stock worth $134,000 after buying an additional 847 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Amdocs Limited during the second quarter worth about $155,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Amdocs Limited by 30.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,969 shares of the technology company’s stock worth $181,000 after buying an additional 696 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in shares of Amdocs Limited during the second quarter worth about $218,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.
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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