Amdocs (NASDAQ:DOX) Raised to Strong-Buy at StockNews.com

Amdocs (NASDAQ:DOX) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

A number of other research analysts have also recently issued reports on the company. Oppenheimer raised their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays reduced their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amdocs has a consensus rating of “Buy” and a consensus target price of $101.20.

Amdocs Trading Down 2.5 %

Shares of DOX stock opened at $85.96 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20. Amdocs has a 52-week low of $74.41 and a 52-week high of $94.04. The company has a market capitalization of $9.70 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The business’s fifty day moving average is $85.98 and its 200 day moving average is $86.41.

Amdocs (NASDAQ:DOX) last released its earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 9.85% and a return on equity of 18.69%. On average, equities research analysts anticipate that Amdocs will post 6.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Private Trust Co. NA raised its stake in shares of Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after purchasing an additional 117 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Amdocs in the third quarter worth $28,000. Jones Financial Companies Lllp bought a new stake in shares of Amdocs in the fourth quarter worth $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs in the fourth quarter worth $41,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Company Profile

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.