Robert W. Baird reiterated their hold rating on shares of Amdocs Limited (NASDAQ:DOX) in a research note released on Friday. They currently have a $66.00 target price on the technology company’s stock.

Several other equities research analysts have also recently issued reports on DOX. Zacks Investment Research cut shares of Amdocs Limited from a buy rating to a hold rating in a research report on Tuesday, August 8th. Barclays PLC reaffirmed a hold rating and set a $68.00 price objective on shares of Amdocs Limited in a research report on Friday, August 4th. BidaskClub cut shares of Amdocs Limited from a hold rating to a sell rating in a research report on Tuesday, August 8th. Stifel Nicolaus reaffirmed a buy rating and set a $72.00 price objective (up from $68.00) on shares of Amdocs Limited in a research report on Thursday, August 3rd. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and set a $68.00 price objective on shares of Amdocs Limited in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $67.63.

Shares of Amdocs Limited (DOX) traded up 0.23% during mid-day trading on Friday, hitting $64.94. The company had a trading volume of 590,945 shares. The firm has a 50-day moving average price of $64.90 and a 200 day moving average price of $63.21. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 22.62 and a beta of 0.54. 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 data 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 business had revenue of $967 million during the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. Analysts expect that Amdocs Limited will post $3.81 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 1.36%. Amdocs Limited’s dividend payout ratio is currently 30.66%.

A number of large investors have recently made changes to their positions in the company. US Bancorp DE raised 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 valued at $1,856,000 after buying an additional 2,105 shares in the last quarter. American Century Companies Inc. raised 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 valued at $1,309,000 after buying an additional 7,618 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Amdocs Limited by 18.1% in the first quarter. Advisors Asset Management Inc. now owns 21,217 shares of the technology company’s stock valued at $1,294,000 after buying an additional 3,246 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Amdocs Limited by 20.8% in the first quarter. First Trust Advisors LP now owns 233,333 shares of the technology company’s stock valued at $14,231,000 after buying an additional 40,139 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of Amdocs Limited by 25.4% in the first quarter. Eqis Capital Management Inc. now owns 5,771 shares of the technology company’s stock valued at $352,000 after buying an additional 1,169 shares in the last quarter. Hedge funds and other institutional investors own 89.31% 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.

Analyst Recommendations for Amdocs Limited (NASDAQ:DOX)

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