Amdocs (NASDAQ:DOX) downgraded by StockNews.com

Amdocs (NASDAQ:DOX – Get a Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Separately, Stifel Nicolaus started coverage on shares of Amdocs in a research report on Wednesday. They issued a “buy” rating and a $100.00 price target for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Amdocs currently has an average rating of “Moderate Buy” and an average price target of $102.00, according to MarketBeat.

Read our latest review of Amdocs

Amdocs stock performance

Shares of DOX traded up $0.65 during trading hours on Wednesday, reaching $88.03. 500,607 shares of the company traded hands, compared to its average volume of 695,143. Amdocs has a 1 year low of $74.41 and a 1 year high of $94.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24, and a current ratio of 1.24. The stock has a market cap of $10.35 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. The stock’s fifty-day moving average is $85.41, and its 200-day moving average is $83.67.

Amdocs (NASDAQ:DOX – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.02. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. In the same quarter last year, the company posted earnings of $1.41 per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. equities research analysts anticipate that Amdocs will post 5.67 earnings per share for the current fiscal year.

Amdocs Institutional Trading

Hedge funds have recently modified their holdings of the stock. Norwood Financial Corp bought a new stake in shares of Amdocs in the first quarter valued at about $33,000. Central Pacific Bank Trust Division bought a new position in Amdocs in the first quarter valued at about $53,000. Riverview Trust Co bought a new position in Amdocs in the first quarter valued at about $55,000. Quarry LP boosted its stake in Amdocs by 168.9% in the fourth quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after acquiring an additional 412 shares in the last quarter. Finally, American National Bank bought a new position in Amdocs in the second quarter valued at about $76,000. 92.02% of shares are held by institutional investors.

Amdocs Company Profile

(Get a free report)

Amdocs Limited, through its subsidiaries, provides software and services worldwide. Design, develop, operate, deploy, support and commercialize the open and modular cloud portfolio. The company offers CES23, a market-leading 5G and cloud-native microservices-based customer experience suite that enables service providers to build, deliver and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service platform that includes an extensive network of pre-integrated digital services such as media, gaming, eLearning, sports and retail for security and business services; monetization suite for charging, billing, policies and revenue management; Intelligent Network Suite with a set of modular, flexible and open service lifecycle management capabilities for network automation journeys; amAIz, a GenAI telecommunications framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.

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