Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Amdocs (DOX) Share Price
Headlines about Amdocs (NASDAQ:DOX) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of 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 0.12 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.7097460610795 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Cloud-Native Early Adopters Gain Digital Dexterity, Innovation and Customer Experience Advantages (finance.yahoo.com)
- Amdocs First to Announce a 5G-Ready Online Charging System for Communications and Media Companies (finance.yahoo.com)
- Amdocs (DOX) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Amdocs Limited (DOX) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Shares of Amdocs (DOX) traded up $1.06 during mid-day trading on Wednesday, reaching $68.72. 758,242 shares of the company traded hands, compared to its average volume of 639,714. Amdocs has a one year low of $56.10 and a one year high of $69.22. The stock has a market cap of $9,890.00, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 2.32 and a beta of 0.53.
Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.05. Amdocs had a net margin of 11.30% and a return on equity of 14.77%. The company had revenue of $979.70 million for the quarter, compared to the consensus estimate of $977.72 million. During the same period in the prior year, the firm posted $0.89 EPS. Amdocs’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts forecast that Amdocs will post 3.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, December 29th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, December 28th. Amdocs’s dividend payout ratio (DPR) is 29.73%.
Amdocs announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 8th that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.
A number of research firms have recently weighed in on DOX. Zacks Investment Research raised shares of Amdocs from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of Amdocs from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Oppenheimer reaffirmed a “buy” rating and issued a $77.00 target price on shares of Amdocs in a research report on Wednesday, September 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $66.00 target price on shares of Amdocs in a research report on Friday, October 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $70.00 target price on shares of Amdocs in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $70.29.
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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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