Amdocs Limited (NYSE:DOX) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $59.43.
A hedge fund recently raised its stake in Amdocs Limited stock. MUFG Americas raised its position in shares of Amdocs Limited (NYSE:DOX) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,946 shares of the company’s stock after buying an additional 612 shares during the period. MUFG Americas’ holdings in Amdocs Limited were worth $1,536,000 as of its most recent SEC filing.
Amdocs Limited (NYSE:DOX) traded down 1.26% during midday trading on Monday, hitting $53.88. The stock had a trading volume of 76,686 shares. The company’s 50 day moving average price is $55.75 and its 200-day moving average price is $57.16. The stock has a market capitalization of $8.10 billion and a price-to-earnings ratio of 18.91. Amdocs Limited has a 52 week low of $45.75 and a 52 week high of $61.46.
Amdocs Limited (NYSE:DOX) last issued its earnings results on Tuesday, November 10th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The firm earned $927 million during the quarter, compared to analyst estimates of $932.36 million. Amdocs Limited’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. Equities analysts anticipate that Amdocs Limited will post $3.58 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 1.27%.
A number of brokerages have issued reports on DOX. Stifel Nicolaus upped their target price on Amdocs Limited from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, November 11th. Oppenheimer raised Amdocs Limited to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, November 11th. Zacks Investment Research cut Amdocs Limited from a “hold” rating to a “sell” rating in a report on Friday, November 13th. Finally, Barclays cut Amdocs Limited from an “overweight” rating to an “equal weight” rating and set a $60.00 target price for the company. in a report on Thursday, November 12th.
Amdocs Limited (NYSE:DOX) is a provider of software and services for communications, media and entertainment industry. The Company designs, develops, markets, supports, implements and operates customer experience systems for wireless, wireline, cable and satellite service providers across the world. Amdocs also offers a range of advertising and media solutions for local marketing service providers, and search and directory publishers. Its customers are in North America, Europe, Latin America and the Asia-Pacific region. The Company’s software portfolio of customer experience enabling products spans the Revenue Management, Customer Management, Operational Support Systems (OSS), Network Control, Network Optimization, Mobile Financial Services and Digital Lifestyle Services. It offers a suite of services to advise, transform, support and optimize business and technology processes. In addition, the Company offers learning services to develop competency in Amdocs systems and applications.