Amdocs (DOX) Receives Media Sentiment Score of 0.19
Media headlines about Amdocs (NASDAQ:DOX) have trended somewhat positive on Tuesday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amdocs earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.7017217060978 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Amdocs Limited Files Fiscal 2017 Annual Report (markets.financialcontent.com)
- George Horesh to build Amdocs Ra’anana campus for $350m (globes.co.il)
- Amdocs Ltd. breached its 50 day moving average in a Bearish Manner : DOX-US : December 7, 2017 (finance.yahoo.com)
- Amdocs Enters Partnership for the Purchase of the Land for its Future Campus in Israel (finance.yahoo.com)
DOX has been the subject of several research analyst reports. Zacks Investment Research raised Amdocs from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Friday, November 10th. BidaskClub downgraded Amdocs from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and issued a $70.00 price objective on shares of Amdocs in a report on Thursday, October 12th. Oppenheimer reaffirmed a “buy” rating and set a $70.00 price target on shares of Amdocs in a report on Tuesday, September 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $66.00 price target on shares of Amdocs in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Amdocs has a consensus rating of “Hold” and an average target price of $70.29.
Shares of Amdocs (DOX) traded down $0.48 during midday trading on Tuesday, hitting $64.91. The company had a trading volume of 723,196 shares, compared to its average volume of 691,828. Amdocs has a 52-week low of $56.10 and a 52-week high of $67.98. The firm has a market capitalization of $9,469.88, a P/E ratio of 18.40, a PEG ratio of 2.24 and a beta of 0.52.
Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. Amdocs had a return on equity of 14.77% and a net margin of 11.30%. The firm had revenue of $979.70 million during the quarter, compared to the consensus estimate of $977.72 million. During the same period last year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts anticipate that Amdocs will post 3.72 earnings per share for the current fiscal year.
Amdocs announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 8th that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, December 28th. Amdocs’s dividend payout ratio is presently 29.73%.
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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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