Amdocs Limited (NASDAQ:DOX) currently has a daily average trading volume of 648.46K but it saw 805291 shares traded on Thursday. With a market cap of 11.56B USD, stock’s current market price of $95.47 came rising about 1.92 while comparing to the previous closing price of $93.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $97.08 and as low as $76.79. In the recent trading on the day, stock has struck highest price mark of $96.34 while lowest mark touched by it was $93.02.
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Taking a look at 20-day trading activity of Amdocs Limited (DOX) gives us an average price of $92.05, while its current price level is -1.66% below from 52-week high level whereas it is 24.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $93.21 while that of 200 days or SMA-200 reads an average of $88.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.53% during that period while stretching the period over a month that increases to 1.66%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.29 which implies that the stock is in neutral territory.
Amdocs Limited (DOX)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $99.00 and $115.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $99.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $115.00. Average price target assigned by them is $104.20 which highlights an upside potential of 8.38% for the stock over that period. And to attain the median price target of $100.00 assigned by those analysts, stock has to add about 4.53% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, DOX’s stock price is moving 0.21% up while it is 6.90% when we observe its performance for the past one month. Year-to-date it is 5.03% up and over the past year, the stock is showing an upside performance of 12.82%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $1.36 beat the consensus estimate of $1.36 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $1.37 while estimate for next year EPS is $5.48. For DOX, analysts are forecasting an EPS-growth rate of 10.30% for current year and estimate for EPS growth in next year is 11.90%. In next quarter, company is expected to be making quarterly sales of $1.16 billion as analysts are expecting the sales for current fiscal year at $4.54 billion and seeing the company making $4.88 billion in sales next year. Moreover, analysts are in estimates of $1.15 billion for current-quarter revenue.
Currently, Amdocs Limited’s total number of outstanding shares is 120.82M with 0.00% of that held by the insiders while 98.94% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.80%. It has a price to earnings ratio (P/E ratio) of 21.45 while having a 14.55 of forward P/E ratio. Stock’s beta reads 0.66. Stock has a price to book (P/B) ratio of 3.20 while price to sale or P/S ratio amounts to 2.48.
In the most recent quarter, Fidelity Low Priced Stock Fund came rising its stake by 3.33% in the company and now holds 2.79 million or 2.31% of the company’s stake having worth of about 254.59 million.
