Amdocs (NASDAQ:DOX) Hits New 12-Month Low – Time to Sell?

Amdocs Limited (NASDAQ:DOX) shares reached a new 52-week low on Thursday . The company traded as low as $49.74 and last traded at $50.82, with a volume of 88991 shares traded. The stock had previously closed at $51.22.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Wall Street Zen cut shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. KeyCorp assumed coverage on Amdocs in a report on Monday, June 29th. They set a “sector weight” rating on the stock. Cfra cut shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.67.

Amdocs Price Performance

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $55.64 and its 200 day moving average price is $65.19. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 0.88 and a beta of 0.41.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 EPS. Equities research analysts predict that Amdocs Limited will post 6.56 earnings per share for the current year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.569 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.4%. Amdocs’s dividend payout ratio (DPR) is 45.60%.

Institutional Trading of Amdocs

Large investors have recently added to or reduced their stakes in the company. TABR Capital Management LLC acquired a new stake in Amdocs in the fourth quarter worth about $2,398,000. BNP Paribas Financial Markets lifted its position in Amdocs by 85.4% during the 4th quarter. BNP Paribas Financial Markets now owns 201,982 shares of the technology company’s stock valued at $16,262,000 after purchasing an additional 93,036 shares during the period. Aberdeen Group plc boosted its stake in shares of Amdocs by 13.2% in the 4th quarter. Aberdeen Group plc now owns 263,287 shares of the technology company’s stock valued at $21,197,000 after purchasing an additional 30,723 shares during the last quarter. Arbejdsmarkedets Tillaegspension grew its position in shares of Amdocs by 17.5% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 354,383 shares of the technology company’s stock worth $23,127,000 after buying an additional 52,906 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Amdocs by 1.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,165,988 shares of the technology company’s stock worth $253,786,000 after buying an additional 54,676 shares during the period. 92.02% of the stock is owned by institutional investors.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.