Amdocs Limited (NASDAQ:DOX) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 693 call options on the company. This is an increase of approximately 1,138% compared to the typical daily volume of 56 call options.
Amdocs (NASDAQ DOX) opened at $69.61 on Monday. Amdocs has a 12-month low of $56.10 and a 12-month high of $69.61. The stock has a market capitalization of $10,017.85, a P/E ratio of 23.52, a P/E/G ratio of 2.39 and a beta of 0.52.
Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. Amdocs had a return on equity of 11.92% and a net margin of 10.94%. The firm had revenue of $979.70 million during the quarter, compared to the consensus estimate of $977.72 million. During the same period in the previous year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts forecast that Amdocs will post 3.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, December 29th were issued a $0.22 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 1.26%. Amdocs’s dividend payout ratio (DPR) is presently 29.73%.
Amdocs declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 8th that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its holdings in Amdocs by 13.6% in the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock valued at $924,507,000 after acquiring an additional 1,722,080 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Amdocs by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 7,488,518 shares of the technology company’s stock valued at $481,661,000 after acquiring an additional 57,372 shares during the last quarter. Boston Partners raised its holdings in Amdocs by 0.4% in the 3rd quarter. Boston Partners now owns 7,139,400 shares of the technology company’s stock valued at $459,206,000 after acquiring an additional 27,688 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Amdocs by 5.3% in the 3rd quarter. Wells Fargo & Company MN now owns 4,932,692 shares of the technology company’s stock valued at $317,271,000 after acquiring an additional 246,756 shares during the last quarter. Finally, FIL Ltd raised its holdings in Amdocs by 157.9% in the 2nd quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock valued at $266,696,000 after acquiring an additional 2,532,928 shares during the last quarter. Institutional investors own 92.05% of the company’s stock.
A number of research firms recently issued reports on DOX. BidaskClub lowered Amdocs from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Zacks Investment Research raised Amdocs from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Friday, November 10th. Oppenheimer reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Amdocs in a report on Wednesday, September 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Amdocs in a report on Friday, October 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Amdocs in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.29.
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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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