Amdocs (NASDAQ:DOX) Stock Rating Lowered by StockNews.com

Amdocs (NASDAQ:DOXGet Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Several other research analysts have also recently commented on DOX. Citigroup increased their price target on Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Jefferies Financial Group started coverage on Amdocs in a report on Friday, December 1st. They issued a “buy” rating and a $105.00 price objective for the company. Finally, Barclays boosted their target price on shares of Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $108.60.

Check Out Our Latest Report on DOX

Amdocs Price Performance

DOX stock opened at $89.65 on Tuesday. The stock has a 50-day moving average price of $89.20 and a two-hundred day moving average price of $86.52. Amdocs has a 1 year low of $78.38 and a 1 year high of $99.75. The stock has a market cap of $10.52 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.46 and a beta of 0.69. The company has a current ratio of 1.29, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOXGet Free Report) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. Amdocs’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 EPS. Equities analysts forecast that Amdocs will post 5.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Amdocs

Several institutional investors have recently made changes to their positions in DOX. JPMorgan Chase & Co. acquired a new position in shares of Amdocs in the 1st quarter valued at approximately $7,002,000. Raymond James Financial Services Advisors Inc. increased its stake in Amdocs by 6.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,833 shares of the technology company’s stock valued at $973,000 after acquiring an additional 665 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Amdocs by 40.5% in the first quarter. PNC Financial Services Group Inc. now owns 13,332 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,840 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Amdocs by 3.2% in the first quarter. Great West Life Assurance Co. Can now owns 46,252 shares of the technology company’s stock valued at $4,041,000 after acquiring an additional 1,446 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in Amdocs by 6.4% in the first quarter. Yousif Capital Management LLC now owns 6,770 shares of the technology company’s stock valued at $557,000 after acquiring an additional 405 shares during the last quarter. 90.58% of the stock is currently owned by institutional investors.

Amdocs Company Profile

(Get Free Report)

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.

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