Amdocs (NASDAQ:DOX) Reaches New 52-Week Low – Should You Sell?

Amdocs Limited (NASDAQ:DOX) reached a new 52-week low on Wednesday . The company traded as low as $55.11 and last traded at $56.34, with a volume of 44284 shares changing hands. The stock had previously closed at $56.01.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DOX shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Cfra lowered Amdocs to a “sell” rating in a research note on Thursday, May 14th. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Stifel Nicolaus dropped their target price on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.67.

Amdocs Price Performance

The stock has a fifty day moving average of $62.24 and a 200-day moving average of $70.11. The firm has a market capitalization of $5.56 billion, a P/E ratio of 10.29, a PEG ratio of 0.95 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data 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. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $1.78 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that Amdocs Limited will post 6.56 EPS for the current fiscal year.

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued 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 4.4%. Amdocs’s dividend payout ratio is currently 45.60%.

Institutional Investors Weigh In On Amdocs

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Scotia Capital Inc. boosted its holdings in Amdocs by 3.5% in the third quarter. Scotia Capital Inc. now owns 4,289 shares of the technology company’s stock valued at $352,000 after acquiring an additional 145 shares during the last quarter. WealthCollab LLC lifted its position in Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares during the period. Rossby Financial LCC lifted its position in Amdocs by 39.3% during the 3rd quarter. Rossby Financial LCC now owns 620 shares of the technology company’s stock valued at $50,000 after purchasing an additional 175 shares during the period. Blair William & Co. IL boosted its stake in shares of Amdocs by 5.5% in the 3rd quarter. Blair William & Co. IL now owns 3,393 shares of the technology company’s stock valued at $278,000 after purchasing an additional 177 shares during the last quarter. Finally, Two Point Capital Management Inc. grew its position in shares of Amdocs by 0.7% during the 4th quarter. Two Point Capital Management Inc. now owns 28,978 shares of the technology company’s stock worth $2,333,000 after buying an additional 191 shares during the period. Institutional investors own 92.02% of the company’s stock.

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.