Amdocs Limited (NASDAQ:DOX - Get Free Report) Director Yvette Kanouff purchased 2,400 shares of Amdocs stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average price of $42.00 per share, with a total value of $100,800.00. Following the transaction, the director owned 26,600 shares in the company, valued at approximately $1,117,200. The trade was a 9.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Amdocs Trading Up 2.3%
DOX stock opened at $44.11 on Friday. Amdocs Limited has a 12-month low of $39.96 and a 12-month high of $84.95. The business's 50-day moving average is $57.88 and its 200 day moving average is $61.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 1.40 and a beta of 0.42.
Amdocs (NASDAQ:DOX - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The technology company reported $1.98 EPS for the quarter, meeting analysts' consensus estimates of $1.98. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. Amdocs had a return on equity of 20.81% and a net margin of 10.59%. The business's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 earnings per share. On average, sell-side analysts anticipate that Amdocs Limited will post 5.82 EPS for the current fiscal year.
Amdocs Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 31st will be paid a $0.5690 dividend. This represents a $2.28 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, December 31st. Amdocs's dividend payout ratio is currently 48.82%.
Key Amdocs News
These are some of the DOX news items that stood out recently:
Institutional Trading of Amdocs
Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Amdocs by 14.9% during the 1st quarter. Royal Bank of Canada now owns 446,125 shares of the technology company's stock worth $29,114,000 after acquiring an additional 57,740 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Amdocs by 429.6% in the first quarter. Renaissance Technologies LLC now owns 291,800 shares of the technology company's stock valued at $19,043,000 after purchasing an additional 236,700 shares during the period. Steel Grove Capital Advisors LLC purchased a new stake in shares of Amdocs in the third quarter valued at about $2,229,000. TD Waterhouse Canada Inc. increased its position in Amdocs by 14.1% during the second quarter. TD Waterhouse Canada Inc. now owns 247,521 shares of the technology company's stock worth $12,682,000 after purchasing an additional 30,555 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Amdocs by 29.1% during the first quarter. Bank of America Corp DE now owns 1,262,263 shares of the technology company's stock worth $82,375,000 after purchasing an additional 284,435 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on DOX. Zacks Research lowered shares of Amdocs from a "hold" rating to a "strong sell" rating in a report on Monday. Weiss Ratings raised shares of Amdocs from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 23rd. Oppenheimer downgraded shares of Amdocs from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 4th. Stifel Nicolaus cut their price objective on shares of Amdocs from $71.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, November 4th. Finally, Wall Street Zen cut Amdocs from a "buy" rating to a "hold" rating in a report on Saturday, November 7th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Amdocs currently has a consensus rating of "Hold" and an average target price of $69.00.
Read Our Latest Analysis on Amdocs
About Amdocs
(
Get Free Report)
Amdocs provides software and services to communications and media companies. Its offerings include business and operational support systems for billing, customer management, service delivery and network operations, as well as cloud and digital solutions that help clients modernize their businesses and improve customer experiences. Founded in 1982, Amdocs serves communications and media providers in markets around the world. The company is headquartered in the St. Louis, Missouri, area and is led by President and Chief Executive Officer Shuky Sheffer.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
