Amdocs (NASDAQ:DOX) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Amdocs Limited (NASDAQ:DOX) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $59.46 and traded as high as $60.34. Amdocs shares last traded at $60.24, with a volume of 945,571 shares traded.

Analyst Ratings Changes

DOX has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Amdocs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. KeyCorp began coverage on Amdocs in a report on Monday, June 29th. They issued a “sector weight” rating on the stock. Finally, Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.67.

Amdocs Stock Down 2.3%

The firm has a 50-day moving average of $59.70 and a 200 day moving average of $59.46. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.97 and a beta of 0.44. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, August 6th. The technology company reported $1.84 EPS for the quarter, hitting analysts’ consensus estimates of $1.84. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company posted $1.72 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Amdocs Limited will post 6.56 earnings per share for the current year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.5690 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.9%. Amdocs’s payout ratio is 54.05%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC increased its holdings in Amdocs by 5.4% during the 1st quarter. Pzena Investment Management LLC now owns 12,681,089 shares of the technology company’s stock worth $827,568,000 after purchasing an additional 644,074 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Amdocs by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after buying an additional 571,036 shares during the last quarter. Bank of America Corp DE grew its position in shares of Amdocs by 29.1% during the first quarter. Bank of America Corp DE now owns 1,262,263 shares of the technology company’s stock worth $82,375,000 after buying an additional 284,435 shares in the last quarter. First Trust Advisors LP grew its position in shares of Amdocs by 13.9% during the first quarter. First Trust Advisors LP now owns 1,077,258 shares of the technology company’s stock worth $70,302,000 after buying an additional 131,197 shares in the last quarter. Finally, Vaughan David Investments LLC IL increased its stake in shares of Amdocs by 2.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 463,084 shares of the technology company’s stock worth $37,283,000 after buying an additional 10,720 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Company Profile

Amdocs Limited (NASDAQ: DOX) is a global provider of software and services for communications, media and entertainment companies. Its offerings help service providers manage customer relationships, billing, product catalogs, ordering, network operations and digital experiences across consumer and enterprise markets.

The company provides business support systems and operational support systems, along with cloud-based platforms, artificial intelligence and data solutions, cybersecurity, network services and managed services.