Amdocs (NASDAQ:DOX) Stock Rating Lowered by Zacks Research

Amdocs (NASDAQ:DOX – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

DOX has been the topic of several other reports. Weiss Ratings raised shares of Amdocs from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus decreased their price objective on Amdocs from $71.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, November 4th. Finally, Oppenheimer downgraded Amdocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 4th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Amdocs presently has a consensus rating of “Hold” and a consensus target price of $78.33.

Check Out Our Latest Research Report on Amdocs

Amdocs Stock Performance

Shares of Amdocs stock opened at $41.46 on Monday. The company has a 50 day moving average price of $58.64 and a 200 day moving average price of $61.57. The firm has a market capitalization of $4.48 billion, a P/E ratio of 8.88, a PEG ratio of 1.36 and a beta of 0.42. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.23. Amdocs has a 52 week low of $39.96 and a 52 week high of $85.63.

Amdocs (NASDAQ:DOX – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.98 earnings per share for the quarter, meeting the consensus estimate of $1.98. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Amdocs had a return on equity of 20.81% and a net margin of 10.59%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 EPS. Sell-side analysts expect that Amdocs will post 5.82 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Composition Wealth LLC acquired a new stake in Amdocs in the 3rd quarter worth about $309,000. Voya Investment Management LLC increased its stake in Amdocs by 155.6% during the 3rd quarter. Voya Investment Management LLC now owns 28,213 shares of the technology company’s stock worth $1,613,000 after buying an additional 17,173 shares in the last quarter. Public Sector Pension Investment Board acquired a new position in shares of Amdocs during the third quarter valued at approximately $3,281,000. Global Retirement Partners LLC raised its holdings in shares of Amdocs by 16.8% during the third quarter. Global Retirement Partners LLC now owns 2,007 shares of the technology company’s stock valued at $115,000 after acquiring an additional 289 shares during the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of Amdocs by 296.2% during the third quarter. Rothschild Investment LLC now owns 1,240 shares of the technology company’s stock valued at $71,000 after acquiring an additional 927 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs News Summary

Here are the key news stories impacting Amdocs this week:

About Amdocs

(Get Free Report)

Amdocs provides software and services to communications and media companies. Its offerings include business and operational support systems for billing, customer management, service delivery and network operations, as well as cloud and digital solutions that help clients modernize their businesses and improve customer experiences. Founded in 1982, Amdocs serves communications and media providers in markets around the world. The company is headquartered in the St. Louis, Missouri, area and is led by President and Chief Executive Officer Shuky Sheffer.

Further Reading

Analyst Recommendations for Amdocs (NASDAQ:DOX)

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