Somewhat Positive News Coverage Somewhat Unlikely to Affect Amdocs Limited (DOX) Share Price
Media stories about Amdocs Limited (NASDAQ:DOX) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amdocs Limited earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.4166092297811 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Amdocs Ltd. breached its 50 day moving average in a Bearish Manner : DOX-US : September 29, 2017 (finance.yahoo.com)
- Brokerages Expect Amdocs Limited (DOX) Will Post Quarterly Sales of $977.54 Million (americanbankingnews.com)
- $0.94 Earnings Per Share Expected for Amdocs Limited (DOX) This Quarter (americanbankingnews.com)
- Is Amdocs Limited’s (DOX) PE Ratio A Signal To Buy For Investors? (finance.yahoo.com)
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Amdocs Limited from a “hold” rating to a “buy” rating and set a $75.00 target price for the company 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 previously from $70.00) on shares of Amdocs Limited in a research note on Monday, September 18th. BidaskClub upgraded shares of 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Amdocs Limited currently has a consensus rating of “Hold” and a consensus target price of $68.50.
Shares of Amdocs Limited (DOX) opened at 65.52 on Friday. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 22.82 and a beta of 0.53. The firm’s 50-day moving average is $63.91 and its 200 day moving average is $63.75. Amdocs Limited has a 1-year low of $54.91 and a 1-year high of $67.98.
Amdocs Limited (NASDAQ:DOX) last issued its earnings results on Wednesday, August 2nd. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.96 by $0.06. The firm had revenue of $967.00 million during 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%. Amdocs Limited’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $0.90 earnings per share. Equities analysts expect that Amdocs Limited will post $3.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors 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 1.34%. Amdocs Limited’s dividend payout ratio (DPR) is currently 30.66%.
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About Amdocs Limited
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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