Amdocs (DOX) Receives Coverage Optimism Rating of 0.23

Headlines about Amdocs (NASDAQ:DOX) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amdocs earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.2284072973382 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern’s scoring:

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A number of analysts have recently weighed in on DOX shares. BidaskClub raised shares of Amdocs from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 18th. Zacks Investment Research downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Jefferies Group raised shares of Amdocs from a “hold” rating to a “buy” rating and reduced their target price for the stock from $71.37 to $60.20 in a research report on Monday, March 19th. Oppenheimer reaffirmed a “buy” rating and issued a $77.00 target price on shares of Amdocs in a research report on Wednesday, January 31st. Finally, ValuEngine raised shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Amdocs has a consensus rating of “Hold” and an average target price of $69.60.

Shares of NASDAQ DOX traded up $0.70 during trading on Monday, reaching $66.78. 379,935 shares of the company traded hands, compared to its average volume of 704,631. The company has a market cap of $9,477.39, a PE ratio of 18.81, a PEG ratio of 2.24 and a beta of 0.54. Amdocs has a 52-week low of $60.30 and a 52-week high of $71.72.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. The firm had revenue of $977.70 million for the quarter, compared to the consensus estimate of $979.13 million. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 EPS. equities research analysts forecast that Amdocs will post 3.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, March 28th. This is an increase from Amdocs’s previous quarterly dividend of $0.22. Amdocs’s dividend payout ratio (DPR) is presently 28.17%.

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Amdocs Company Profile

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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