Amdocs (NASDAQ:DOX) Upgraded at StockNews.com

Amdocs (NASDAQ:DOXGet Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

Several other research analysts also recently commented on the stock. Citigroup boosted their price objective on shares of Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Jefferies Financial Group began coverage on Amdocs in a research note on Friday, December 1st. They issued a “buy” rating and a $105.00 price objective on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $108.60.

Get Our Latest Research Report on DOX

Amdocs Price Performance

Shares of NASDAQ DOX traded down $0.17 during mid-day trading on Monday, reaching $92.27. The company had a trading volume of 820,214 shares, compared to its average volume of 584,542. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.50 and a beta of 0.69. The business’s 50-day simple moving average is $88.46 and its 200 day simple moving average is $86.66. Amdocs has a one year low of $78.38 and a one year high of $99.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 1.41.

Amdocs (NASDAQ:DOXGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.25 billion. Amdocs had a net margin of 11.06% and a return on equity of 17.77%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. On average, research analysts predict that Amdocs will post 5.86 earnings per share for the current fiscal year.

Institutional Trading of Amdocs

A number of large investors have recently bought and sold shares of the business. Xponance Inc. grew its holdings in Amdocs by 8.4% in the third quarter. Xponance Inc. now owns 4,469 shares of the technology company’s stock worth $378,000 after purchasing an additional 348 shares during the period. Navellier & Associates Inc. acquired a new stake in shares of Amdocs in the 2nd quarter valued at about $321,000. Cookson Peirce & Co. Inc. acquired a new position in Amdocs during the 3rd quarter worth approximately $403,000. PFG Advisors boosted its holdings in Amdocs by 4.8% in the third quarter. PFG Advisors now owns 3,402 shares of the technology company’s stock worth $287,000 after acquiring an additional 155 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Amdocs by 50.0% in the second quarter. Treasurer of the State of North Carolina now owns 149,217 shares of the technology company’s stock valued at $14,750,000 after acquiring an additional 49,717 shares during the period. 90.58% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Company Profile

(Get Free Report)

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.

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