Amdocs Limited (NASDAQ:DOX – Get Free Report) has received a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $86.6667.
A number of equities research analysts have weighed in on the company. KeyCorp initiated coverage on Amdocs in a research note on Monday, June 29th. They set a “sector weight” rating for the company. Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. Stifel Nicolaus decreased their price target 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. Cfra lowered shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a report on Wednesday, August 5th.
Get Our Latest Analysis on Amdocs
Hedge Funds Weigh In On Amdocs
Amdocs Stock Up 0.9%
Shares of Amdocs stock traded up $0.52 during trading hours on Monday, hitting $61.92. 32,003 shares of the company’s stock traded hands, compared to its average volume of 1,289,529. Amdocs has a twelve month low of $49.74 and a twelve month high of $88.29. The company has a market cap of $6.68 billion, a PE ratio of 14.74, a PEG ratio of 1.07 and a beta of 0.40. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $54.25 and a 200-day simple moving average of $61.50.
Amdocs Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a $0.569 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.7%. Amdocs’s payout ratio is presently 54.29%.
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.
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