Media coverage about Amdocs (NASDAQ:DOX) has been trending somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Amdocs earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.192466833591 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Amdocs (DOX) traded up $0.02 during trading hours on Thursday, hitting $65.65. 189,100 shares of the company’s stock were exchanged, compared to its average volume of 688,435. Amdocs has a 52 week low of $56.10 and a 52 week high of $67.98. The stock has a market cap of $9,450.00, a P/E ratio of 22.18, a PEG ratio of 2.26 and a beta of 0.53.
Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. Amdocs had a net margin of 11.30% and a return on equity of 14.77%. The company had revenue of $979.70 million for the quarter, compared to the consensus estimate of $977.72 million. During the same period in the prior year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts expect that Amdocs will post 3.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, December 29th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, December 28th. Amdocs’s dividend payout ratio (DPR) is 29.73%.
Amdocs declared that its board has approved a share buyback plan 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 plans are generally a sign that the company’s board of directors believes its stock is undervalued.
DOX has been the topic of a number of research reports. Robert W. Baird reiterated a “hold” rating and set a $66.00 target price on shares of Amdocs in a report on Friday, October 20th. Oppenheimer reissued a “buy” rating and issued a $77.00 price objective on shares of Amdocs in a research report on Wednesday, September 27th. BidaskClub downgraded shares of Amdocs from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Zacks Investment Research raised shares of Amdocs from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and issued a $70.00 price objective on shares of Amdocs in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.29.
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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