BidaskClub upgraded shares of Amdocs (NASDAQ:DOX) from a hold rating to a buy rating in a research report report published on Saturday morning, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. ValuEngine raised shares of Amdocs from a sell rating to a hold rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price target on shares of Amdocs from $67.00 to $75.00 and gave the stock a neutral rating in a report on Thursday, August 8th. TheStreet upgraded shares of Amdocs from a c+ rating to a b- rating in a report on Tuesday, June 4th. Finally, Zacks Investment Research lowered shares of Amdocs from a buy rating to a hold rating and set a $67.00 price target on the stock. in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $71.00.

NASDAQ DOX opened at $64.04 on Friday. The business’s fifty day moving average is $63.17. The company has a market capitalization of $8.94 billion, a PE ratio of 17.12, a PEG ratio of 1.87 and a beta of 0.41. Amdocs has a fifty-two week low of $52.60 and a fifty-two week high of $67.57.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Amdocs had a net margin of 9.90% and a return on equity of 15.73%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, research analysts forecast that Amdocs will post 4.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.78%. Amdocs’s dividend payout ratio (DPR) is presently 30.48%.

Large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in Amdocs by 1.6% in the first quarter. Assenagon Asset Management S.A. now owns 13,100 shares of the technology company’s stock valued at $709,000 after buying an additional 200 shares during the period. Robecosam AG lifted its holdings in Amdocs by 10.5% in the second quarter. Robecosam AG now owns 2,100 shares of the technology company’s stock valued at $130,000 after buying an additional 200 shares during the period. ETRADE Capital Management LLC lifted its holdings in Amdocs by 2.8% in the second quarter. ETRADE Capital Management LLC now owns 10,199 shares of the technology company’s stock valued at $633,000 after buying an additional 279 shares during the period. O Shares Investment Advisers LLC raised its holdings in shares of Amdocs by 3.0% during the first quarter. O Shares Investment Advisers LLC now owns 9,590 shares of the technology company’s stock valued at $519,000 after purchasing an additional 280 shares during the period. Finally, Farr Miller & Washington LLC DC raised its holdings in shares of Amdocs by 3.9% during the second quarter. Farr Miller & Washington LLC DC now owns 8,520 shares of the technology company’s stock valued at $529,000 after purchasing an additional 320 shares during the period. Institutional investors own 90.70% of the company’s stock.

Amdocs Company Profile

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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