Amdocs Limited (NASDAQ:DOX) saw unusually large options trading on Wednesday. Stock traders acquired 693 call options on the stock. This represents an increase of 1,138% compared to the average volume of 56 call options.

Several analysts have recently weighed in on DOX shares. Robert W. Baird restated a “hold” rating and set a $66.00 price target on shares of Amdocs in a report on Friday, October 20th. BidaskClub upgraded Amdocs from a “strong sell” rating to a “sell” rating in a report on Thursday. Oppenheimer reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Amdocs in a research note on Wednesday, September 27th. Zacks Investment Research raised Amdocs from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Friday, November 10th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Amdocs in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.29.

Amdocs (NASDAQ DOX) opened at $69.61 on Friday. The company has a market capitalization of $10,020.00, a P/E ratio of 23.52, a P/E/G ratio of 2.36 and a beta of 0.53. Amdocs has a 12 month low of $56.10 and a 12 month high of $69.61.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.05. The company had revenue of $979.70 million for the quarter, compared to analyst estimates of $977.72 million. Amdocs had a return on equity of 14.77% and a net margin of 11.30%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. equities research analysts predict that Amdocs will post 3.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, December 29th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Thursday, December 28th. Amdocs’s dividend payout ratio is currently 29.73%.

Amdocs declared that its board has approved a share buyback program on Wednesday, November 8th that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Amdocs by 13.6% in 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 period. Janus Henderson Group PLC lifted its stake in Amdocs by 0.8% in the third quarter. Janus Henderson Group PLC now owns 7,488,518 shares of the technology company’s stock valued at $481,661,000 after buying an additional 57,372 shares during the period. Boston Partners lifted its stake in Amdocs by 0.4% in the third quarter. Boston Partners now owns 7,139,400 shares of the technology company’s stock valued at $459,206,000 after buying an additional 27,688 shares during the period. Wells Fargo & Company MN lifted its stake in Amdocs by 5.3% in the third quarter. Wells Fargo & Company MN now owns 4,932,692 shares of the technology company’s stock valued at $317,271,000 after buying an additional 246,756 shares during the period. Finally, FIL Ltd lifted its stake in Amdocs by 157.9% in the second quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock valued at $266,696,000 after buying an additional 2,532,928 shares during the period. 92.05% of the stock is currently owned by institutional investors.

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Amdocs 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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