BidaskClub upgraded shares of Amdocs (NASDAQ:DOX) from a strong sell rating to a sell rating in a report released on Friday morning.

Several other equities analysts also recently issued reports on DOX. Zacks Investment Research upgraded shares of Amdocs from a hold rating to a buy rating and set a $74.00 price objective on the stock in a report on Thursday, May 17th. Barclays set a $73.00 price objective on shares of Amdocs and gave the company a hold rating in a report on Wednesday, August 1st. Citigroup cut their price objective on shares of Amdocs from $79.00 to $77.00 and set a buy rating on the stock in a report on Thursday, August 2nd. Finally, Robert W. Baird restated a hold rating and set a $72.00 price objective on shares of Amdocs in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $72.60.

Shares of DOX traded up $0.07 during mid-day trading on Friday, hitting $66.20. 378,650 shares of the company traded hands, compared to its average volume of 614,809. Amdocs has a 1-year low of $61.00 and a 1-year high of $71.72. The company has a market cap of $9.39 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.97 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.97. Amdocs had a net margin of 10.56% and a return on equity of 15.00%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.01 billion. research analysts expect that Amdocs will post 3.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.00 annualized dividend and a yield of 1.51%. Amdocs’s dividend payout ratio (DPR) is presently 28.17%.

Large investors have recently modified their holdings of the stock. Stevens Capital Management LP boosted its position in Amdocs by 663.4% in the 2nd quarter. Stevens Capital Management LP now owns 41,124 shares of the technology company’s stock worth $2,722,000 after purchasing an additional 35,737 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Amdocs by 620.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 269,165 shares of the technology company’s stock worth $17,816,000 after purchasing an additional 231,822 shares in the last quarter. Carillon Tower Advisers Inc. boosted its position in Amdocs by 49.2% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 55,700 shares of the technology company’s stock worth $3,686,000 after purchasing an additional 18,357 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Amdocs by 8.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 11,650 shares of the technology company’s stock worth $771,000 after purchasing an additional 944 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Amdocs by 59.7% in the 1st quarter. Jane Street Group LLC now owns 18,573 shares of the technology company’s stock worth $1,239,000 after purchasing an additional 6,940 shares in the last quarter. Institutional investors own 91.25% of the company’s stock.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.

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Analyst Recommendations for Amdocs (NASDAQ:DOX)

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