Amdocs (NASDAQ:DOX) Stock Rating Upgraded by

Amdocs (NASDAQ:DOXGet Rating) was upgraded by from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

A number of other brokerages also recently issued reports on DOX. Citigroup dropped their price target on Amdocs from $93.00 to $90.00 in a research report on Thursday, May 12th. Oppenheimer reiterated a “top pick” rating on shares of Amdocs in a research report on Friday, May 13th.

Shares of NASDAQ DOX opened at $84.37 on Tuesday. Amdocs has a 52 week low of $68.33 and a 52 week high of $85.81. The business has a 50-day simple moving average of $81.79 and a two-hundred day simple moving average of $77.74. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.23. The company has a market cap of $11.06 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.76 and a beta of 0.71.

Amdocs (NASDAQ:DOXGet Rating) last issued its earnings results on Wednesday, May 11th. The technology company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.12 by $0.31. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a return on equity of 16.78% and a net margin of 12.76%. During the same quarter last year, the company earned $1.05 EPS. Equities research analysts anticipate that Amdocs will post 4.71 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in DOX. Allspring Global Investments Holdings LLC purchased a new position in Amdocs in the 4th quarter worth approximately $409,274,000. Norges Bank purchased a new position in Amdocs in the 4th quarter worth approximately $98,473,000. Arrowstreet Capital Limited Partnership purchased a new position in Amdocs in the 1st quarter worth approximately $104,410,000. Pzena Investment Management LLC increased its stake in Amdocs by 20.6% in the 1st quarter. Pzena Investment Management LLC now owns 6,499,823 shares of the technology company’s stock worth $534,350,000 after purchasing an additional 1,108,489 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Amdocs in the 3rd quarter worth approximately $53,918,000. Institutional investors own 87.09% of the company’s stock.

Amdocs Company Profile (Get Rating)

Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; the Monetization suite for charging, billing, policy, and revenue management; Intelligent Networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers.

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