Amdocs (NASDAQ:DOX) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Amdocs (NASDAQ:DOX) from a buy rating to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Amdocs in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Amdocs presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Amdocs Stock Up 1.1%

Shares of Amdocs stock opened at $85.49 on Friday. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.40 and a beta of 0.51. Amdocs has a one year low of $78.61 and a one year high of $95.41. The stock’s 50-day moving average is $83.50 and its 200 day moving average is $87.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Amdocs in the third quarter worth about $26,000. Root Financial Partners LLC bought a new position in Amdocs in the third quarter valued at $26,000. Quarry LP raised its stake in shares of Amdocs by 42.2% during the first quarter. Quarry LP now owns 391 shares of the technology company’s stock worth $36,000 after acquiring an additional 116 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Amdocs in the 3rd quarter worth $37,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Amdocs in the first quarter worth $39,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.