Amdocs (DOX) Earning Somewhat Positive Press Coverage, Analysis Shows

News stories about Amdocs (NASDAQ:DOX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Amdocs earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.9524287122723 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several research firms recently commented on DOX. Stifel Nicolaus boosted their price objective on shares of Amdocs from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. BidaskClub lowered shares of Amdocs from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Oppenheimer restated a “buy” rating and set a $77.00 price target on shares of Amdocs in a research note on Wednesday, January 31st. ValuEngine upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $70.71.

Amdocs (NASDAQ:DOX) traded down $0.41 on Wednesday, reaching $68.18. 50,988 shares of the company’s stock traded hands, compared to its average volume of 689,603. The stock has a market capitalization of $9,887.58, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55. Amdocs has a fifty-two week low of $60.30 and a fifty-two week high of $71.37.

Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, January 30th. The technology company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.17. The business had revenue of $977.70 million during the quarter, compared to analysts’ expectations of $979.13 million. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 earnings per share. analysts forecast that Amdocs will post 3.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be given a dividend of $0.25 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, March 28th. Amdocs’s dividend payout ratio (DPR) is presently 28.39%.

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Amdocs Company Profile

Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.

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