Amdocs Limited (NASDAQ:DOX) Receives Consensus Rating of “Hold” from Analysts

Amdocs Limited (NASDAQ:DOX) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $86.6667.

A number of research analysts recently weighed in on the stock. Cfra cut shares of Amdocs to a “sell” rating in a report on Thursday, May 14th. KeyCorp started coverage on shares of Amdocs in a research report on Monday, June 29th. They issued a “sector weight” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Stifel Nicolaus decreased their target price on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its stake in Amdocs by 82.6% during the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock worth $969,100,000 after purchasing an additional 5,443,766 shares during the period. Alyeska Investment Group L.P. grew its holdings in shares of Amdocs by 155.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company’s stock worth $169,908,000 after buying an additional 1,283,231 shares during the last quarter. Alliancebernstein L.P. increased its position in Amdocs by 32.1% in the 3rd quarter. Alliancebernstein L.P. now owns 2,359,779 shares of the technology company’s stock valued at $193,620,000 after acquiring an additional 573,349 shares during the period. Dimensional Fund Advisors LP increased its position in Amdocs by 19.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after acquiring an additional 571,036 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of Amdocs by 469.4% in the 4th quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company’s stock valued at $43,787,000 after purchasing an additional 448,358 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of Amdocs stock remained flat at $51.75 on Friday. 1,419,706 shares of the stock were exchanged, compared to its average volume of 1,703,111. The business has a 50-day simple moving average of $59.12 and a 200 day simple moving average of $68.18. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. Amdocs has a twelve month low of $49.79 and a twelve month high of $93.44. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.90 and a beta of 0.41.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. As a group, sell-side analysts predict that Amdocs will post 6.56 EPS for the current year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a dividend of $0.569 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Amdocs’s dividend payout ratio is presently 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.