Amdocs Limited (DOX) Given Daily Coverage Optimism Score of 0.09
News headlines about Amdocs Limited (NASDAQ:DOX) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Amdocs Limited earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.9838297078056 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Amdocs Limited (NASDAQ:DOX) opened at 64.16 on Friday. Amdocs Limited has a 52 week low of $54.91 and a 52 week high of $67.98. The company has a market capitalization of $9.33 billion, a PE ratio of 22.35 and a beta of 0.53. The company has a 50-day moving average price of $64.12 and a 200-day moving average price of $63.51.
Amdocs Limited (NASDAQ:DOX) last announced its earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $967.00 million for the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.90 earnings per share. Analysts predict that Amdocs Limited will post $3.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 1.37%. Amdocs Limited’s payout ratio is 30.66%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Amdocs Limited from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Friday, August 4th. Barclays PLC reiterated a “hold” rating and set a $68.00 target price on shares of Amdocs Limited in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $77.00 target price (up from $70.00) on shares of Amdocs Limited in a research note on Monday, September 18th. BidaskClub upgraded Amdocs Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $59.00 target price on shares of Amdocs Limited in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $68.50.
Amdocs Limited 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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