Amdocs (NASDAQ:DOX) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other brokerages have also issued reports on DOX. Zacks Investment Research upgraded shares of Amdocs from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Stifel Nicolaus increased their price target 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. Oppenheimer reiterated a “buy” rating and issued 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, Jefferies Group upgraded shares of Amdocs from a “hold” rating to a “buy” rating and decreased their price target for the stock from $71.37 to $60.20 in a research note on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.03.

NASDAQ:DOX opened at $65.56 on Wednesday. Amdocs has a 52 week low of $65.91 and a 52 week high of $66.33. The firm has a market cap of $9.44 billion, a P/E ratio of 17.84, a PEG ratio of 2.21 and a beta of 0.55.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Thursday, May 10th. The technology company reported $0.95 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. Amdocs had a net margin of 11.36% and a return on equity of 15.07%. The business had revenue of $992.34 million during the quarter, compared to analyst estimates of $980.59 million. During the same period in the prior year, the business earned $0.94 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. equities analysts anticipate that Amdocs will post 3.8 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in DOX. Delpha Capital Management LLC purchased a new position in shares of Amdocs in the fourth quarter worth approximately $109,000. Focused Wealth Management Inc purchased a new position in shares of Amdocs in the fourth quarter worth approximately $157,000. Bristol John W & Co. Inc. NY purchased a new position in shares of Amdocs in the first quarter worth approximately $193,000. American International Group Inc. purchased a new position in shares of Amdocs in the fourth quarter worth approximately $199,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of Amdocs by 45.0% in the fourth quarter. CENTRAL TRUST Co now owns 3,388 shares of the technology company’s stock worth $222,000 after buying an additional 1,052 shares during the last quarter. 93.85% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.

Analyst Recommendations for Amdocs (NASDAQ:DOX)

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