Amdocs Limited (NASDAQ:DOX) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 3,360,000 shares, a growth of 6.0% from the January 15th total of 3,170,000 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average trading volume of 697,100 shares, the short-interest ratio is currently 4.8 days.
DOX has been the subject of several analyst reports. Citigroup boosted their price target on shares of Amdocs from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. lowered their price target on shares of Amdocs from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. ValuEngine cut shares of Amdocs from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Stifel Nicolaus boosted their price target on shares of Amdocs from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Oppenheimer boosted their price target on shares of Amdocs from to and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Amdocs currently has an average rating of “Hold” and a consensus price target of $76.00.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Amdocs by 5.6% in the 2nd quarter. BlackRock Inc. now owns 4,229,877 shares of the technology company’s stock valued at $262,634,000 after purchasing an additional 224,674 shares during the last quarter. LSV Asset Management raised its position in Amdocs by 4.0% in the 4th quarter. LSV Asset Management now owns 3,455,300 shares of the technology company’s stock valued at $249,438,000 after purchasing an additional 132,607 shares during the last quarter. AQR Capital Management LLC raised its position in Amdocs by 2.1% in the 4th quarter. AQR Capital Management LLC now owns 2,697,508 shares of the technology company’s stock valued at $194,733,000 after purchasing an additional 55,375 shares during the last quarter. Boston Partners raised its position in Amdocs by 0.3% in the 4th quarter. Boston Partners now owns 2,258,403 shares of the technology company’s stock valued at $163,036,000 after purchasing an additional 7,562 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Amdocs by 31.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,976,084 shares of the technology company’s stock valued at $142,657,000 after purchasing an additional 478,331 shares during the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.
Shares of Amdocs stock opened at $73.29 on Friday. The company has a fifty day simple moving average of $73.35 and a 200-day simple moving average of $68.29. Amdocs has a 12-month low of $52.90 and a 12-month high of $77.29. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.06. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 2.06 and a beta of 0.43.
Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. Amdocs had a net margin of 11.99% and a return on equity of 16.13%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts forecast that Amdocs will post 4.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Tuesday, March 31st will be given a $0.327 dividend. This is an increase from Amdocs’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, March 30th. This represents a $1.31 annualized dividend and a yield of 1.78%. Amdocs’s dividend payout ratio is 28.01%.
Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.
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