Amdocs Limited (NASDAQ:DOX) – Equities research analysts at First Analysis issued their Q4 2018 earnings estimates for shares of Amdocs in a research report issued to clients and investors on Friday. First Analysis analyst anticipates that the technology company will post earnings of $1.03 per share for the quarter. First Analysis also issued estimates for Amdocs’ FY2019 earnings at $4.28 EPS.
Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.05. The business had revenue of $979.70 million for the quarter, compared to the consensus estimate of $977.72 million. Amdocs had a net margin of 11.30% and a return on equity of 14.77%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS.
A number of other equities analysts also recently issued reports on DOX. BidaskClub downgraded shares of Amdocs from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Oppenheimer reissued a “buy” rating and set a $77.00 target price on shares of Amdocs in a research report on Wednesday, September 27th. Finally, Robert W. Baird reissued a “hold” rating and set a $66.00 target price on shares of Amdocs in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $70.29.
Amdocs (NASDAQ DOX) traded down $0.29 during midday trading on Monday, hitting $64.59. 501,787 shares of the stock were exchanged, compared to its average volume of 691,387. Amdocs has a 1 year low of $56.10 and a 1 year high of $67.98. The company has a market capitalization of $9,482.96, a P/E ratio of 18.43, a PEG ratio of 2.24 and a beta of 0.52.
Amdocs announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 8th that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, December 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.36%. Amdocs’s dividend payout ratio (DPR) is presently 29.73%.
Institutional investors have recently modified their holdings of the stock. FMR LLC grew its position in Amdocs by 13.6% during the second quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock valued at $924,507,000 after buying an additional 1,722,080 shares during the period. Janus Henderson Group PLC grew its position in Amdocs by 0.8% during the third quarter. Janus Henderson Group PLC now owns 7,488,518 shares of the technology company’s stock valued at $481,661,000 after buying an additional 57,372 shares during the period. Boston Partners grew its position in Amdocs by 0.4% during the third quarter. Boston Partners now owns 7,139,400 shares of the technology company’s stock valued at $459,206,000 after buying an additional 27,688 shares during the period. Wells Fargo & Company MN grew its position in Amdocs by 5.3% during the third quarter. Wells Fargo & Company MN now owns 4,932,692 shares of the technology company’s stock valued at $317,271,000 after buying an additional 246,756 shares during the period. Finally, FIL Ltd grew its position in shares of Amdocs by 157.9% in the second quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock valued at $266,696,000 after purchasing an additional 2,532,928 shares during the period. 93.25% of the stock is owned by hedge funds and other institutional investors.
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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