Jefferies Analysts Initiate Coverage on Amdocs Limited (DOX)
Tuesday, June 28, 2021 9:09 AM

Equities research analysts at Jefferies initiated coverage on shares of Amdocs Limited (NYSE: DOX) in a research note to investors on Tuesday. The analysts set a "buy" rating and a $35.00 price target on the stock.

Separately, analysts at ThinkEquity raised their price target on shares of Amdocs Limited to $32.00 in a research note to investors on Monday, May 2nd. They now have a "hold" rating on the stock. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) raised their price target on shares of Amdocs Limited from $33.50 to $36.00 in a research note to investors on Friday, April 29th.

Shares of Amdocs Limited opened at 29.80 on Wednesday. Amdocs Limited has a 52 week low of $25.64 and a 52 week high of $31.00. The stock's 50-day moving average is $29.58 and its 200-day moving average is $29.0. The company has a market cap of $5.532 billion and a price-to-earnings ratio of 16.43.

Amdocs Limited last announced its quarterly results on Thursday, April 28th. The company reported $0.58 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.57 EPS by $0.01. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 6.00% on a year-over-year basis. On average, analysts predict that Amdocs Limited will post $0.62 EPS next quarter.

Amdocs Limited is a provider of software and services for communications, media and entertainment industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS) and operational support systems (OSS). Its product offerings consist of a software portfolio developed to provide customer experience systems functionality for service providers. The software systems support the full span of the customer lifecycle: revenue management, customer management, service and resource management and service delivery. During the fiscal year ended September 30, 2021 (fiscal 2010), it released the Amdocs Customer Experience Systems (CES) 8 portfolio. In fiscal 2010, it acquired jNetX and MX Telecom. In April 2010, it divested an 81% majority stake in Longshine Information Technology Company Ltd., its Chinese subsidiary.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.


 

Sponsors

Advertisement


Advertisement