Amdocs Limited (DOX) Rating Reiterated by Robert W. Baird
Amdocs Limited (NASDAQ:DOX)‘s stock had its “hold” rating restated by analysts at Robert W. Baird in a report issued on Friday. They presently have a $66.00 price objective on the technology company’s stock. Robert W. Baird’s price objective would indicate a potential downside of 0.11% from the company’s current price.
Several other research firms also recently issued reports on DOX. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $77.00 price target on shares of Amdocs Limited in a research note on Wednesday, September 27th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price objective (up previously from $68.00) on shares of Amdocs Limited in a report on Thursday, August 3rd. BidaskClub upgraded Amdocs Limited from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research cut Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $70.00 price objective on shares of Amdocs Limited in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $69.88.
Amdocs Limited (DOX) opened at 66.07 on Friday. The stock has a market cap of $9.60 billion, a P/E ratio of 23.01 and a beta of 0.53. Amdocs Limited has a one year low of $54.91 and a one year high of $67.98. The stock’s 50 day moving average price is $64.61 and its 200-day moving average price is $64.04.
Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The firm had revenue of $967.00 million for the quarter, compared to the consensus estimate of $967.04 million. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Amdocs Limited will post $3.81 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of DOX. Janus Henderson Group PLC lifted its position in Amdocs Limited by 105,711.6% during the second quarter. Janus Henderson Group PLC now owns 7,431,146 shares of the technology company’s stock worth $479,012,000 after acquiring an additional 7,424,123 shares during the last quarter. FIL Ltd lifted its position in Amdocs Limited by 157.9% during the second quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock worth $266,696,000 after acquiring an additional 2,532,928 shares during the last quarter. FMR LLC lifted its position in Amdocs Limited by 13.6% during the second quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock worth $924,507,000 after acquiring an additional 1,722,080 shares during the last quarter. UBS Oconnor LLC acquired a new stake in Amdocs Limited during the first quarter worth approximately $18,718,000. Finally, Dimensional Fund Advisors LP lifted its position in Amdocs Limited by 31.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,119,423 shares of the technology company’s stock worth $68,280,000 after acquiring an additional 267,943 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.
About Amdocs Limited
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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