Amdocs Limited (NASDAQ:DOX) Receives Average Recommendation of “Hold” from Analysts

Shares of Amdocs Limited (NASDAQ:DOX) have earned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $86.6667.

Several research firms have commented on DOX. Stifel Nicolaus cut their price target on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Cfra lowered Amdocs to a “sell” rating in a research report on Thursday, May 14th. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Barclays cut their price target on Amdocs from $111.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management boosted its position in shares of Amdocs by 7.6% in the third quarter. LSV Asset Management now owns 3,648,703 shares of the technology company’s stock worth $299,376,000 after buying an additional 257,193 shares during the period. New York State Common Retirement Fund grew its stake in shares of Amdocs by 20.3% in the third quarter. New York State Common Retirement Fund now owns 554,401 shares of the technology company’s stock valued at $45,489,000 after buying an additional 93,527 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Amdocs by 46.6% in the third quarter. Illinois Municipal Retirement Fund now owns 149,539 shares of the technology company’s stock valued at $12,270,000 after buying an additional 47,537 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Amdocs by 11.6% in the third quarter. Alps Advisors Inc. now owns 237,883 shares of the technology company’s stock valued at $19,518,000 after buying an additional 24,771 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Amdocs in the third quarter valued at about $1,182,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $62.66 on Friday. The firm has a market capitalization of $6.76 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.96 and a beta of 0.40. Amdocs has a fifty-two week low of $59.40 and a fifty-two week high of $95.41. The stock’s 50-day simple moving average is $64.64 and its 200-day simple moving average is $72.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 0.98.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. As a group, equities research analysts forecast that Amdocs will post 7.41 EPS for the current fiscal year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.569 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a yield of 3.6%. Amdocs’s payout ratio is 45.60%.

Amdocs Company Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.