Oppenheimer Holdings, Inc. reiterated their buy rating on shares of Amdocs Limited (NASDAQ:DOX) in a report issued on Wednesday. They currently have a $77.00 price objective on the technology company’s stock.

Several other research analysts also recently commented on DOX. BidaskClub downgraded Amdocs Limited from a hold rating to a sell rating in a research note on Tuesday, June 13th. Jefferies Group LLC restated a hold rating and issued a $59.00 target price on shares of Amdocs Limited in a research note on Friday, June 16th. Stifel Nicolaus restated a buy rating and issued a $68.00 target price on shares of Amdocs Limited in a research note on Wednesday, June 28th. Zacks Investment Research downgraded Amdocs Limited from a hold rating to a sell rating in a research note on Tuesday, July 11th. Finally, Barclays PLC restated a hold rating and issued a $68.00 target price on shares of Amdocs Limited in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Amdocs Limited currently has a consensus rating of Hold and an average price target of $68.50.

Amdocs Limited (DOX) traded down 0.26% on Wednesday, reaching $64.20. The company had a trading volume of 76,831 shares. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $67.98. The stock’s 50-day moving average price is $64.12 and its 200-day moving average price is $63.51. The stock has a market capitalization of $9.33 billion, a P/E ratio of 22.36 and a beta of 0.53.

Amdocs Limited (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The company had revenue of $967.00 million during the quarter, compared to the consensus estimate of $967.04 million. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 EPS. On average, equities research analysts anticipate 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 paid a $0.22 dividend. The ex-dividend date 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%.

Several institutional investors and hedge funds have recently modified their holdings of DOX. ProShare Advisors LLC bought a new stake in shares of Amdocs Limited during the 1st quarter valued at about $224,000. American Century Companies Inc. boosted its position in shares of Amdocs Limited by 55.0% during the 1st quarter. American Century Companies Inc. now owns 21,459 shares of the technology company’s stock valued at $1,309,000 after acquiring an additional 7,618 shares during the last quarter. Sei Investments Co. boosted its position in shares of Amdocs Limited by 40.9% during the 1st quarter. Sei Investments Co. now owns 65,463 shares of the technology company’s stock valued at $3,993,000 after acquiring an additional 18,997 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Amdocs Limited by 50.6% during the 1st quarter. Victory Capital Management Inc. now owns 31,893 shares of the technology company’s stock valued at $1,945,000 after acquiring an additional 10,721 shares during the last quarter. Finally, Credit Agricole S A boosted its position in shares of Amdocs Limited by 6.6% during the 1st quarter. Credit Agricole S A now owns 171,476 shares of the technology company’s stock valued at $10,458,000 after acquiring an additional 10,591 shares during the last quarter. Hedge funds and other institutional investors own 89.30% 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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