There is no way Amdocs Limited (DOX) can keep these numbers up

Amdocs Limited (NASDAQ: DOX) stock jumped 0.38% on Friday to $81.28 against a previous-day closing price of $80.97. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $81.68 whereas the lowest price it dropped to was $79.94. The 52-week range on DOX shows that it touched its highest point at $90.77 and its lowest point at $68.33 during that stretch. It currently has a 1-year price target of $93.83. With its current market cap of 9.80 billion, DOX has annualized dividend of $1.58 while the current yield stands at 1.94%. Beta for the stock currently stands at 0.69.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DOX was up-trending over the past week, with a rise of 0.48%, but this was down by -7.45% over a month. Three-month performance dropped to -0.22% while six-month performance rose 1.22%. The stock gained 6.62% in the past year, while it has gained 8.61% so far this year. A look at the trailing 12-month EPS for DOX yields 4.33 with Next year EPS estimates of 5.96. For the next quarter, that number is 1.29. This implies an EPS growth rate of 43.60% for this year and 12.45% for next year. EPS is expected to grow by 11.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.50%.

Float and Shares Shorts:

At present, 122.32 million DOX shares are outstanding with a float of 121.90 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.51 million, which was 1.23% higher than short shares on Jun 14, 2022. In addition to Mr. Joshua Sheffer as the firm’s Pres, CEO & Director, Ms. Tamar Rapaport-Dagim serves as its CFO & COO.

Institutional Ownership:

Through their ownership of 97.57% of DOX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.42% of DOX, in contrast to 41.45% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DOX with 8.77% of the stake, Fidelity Management & Research Co holds 10,768,526 shares worth 10,768,526. A second-largest stockholder of DOX, Massachusetts Financial Services, holds 7,099,586 shares, controlling over 5.78% of the firm’s shares. Janus Henderson Investors US LLC is the third largest shareholder in DOX, holding 6,942,708 shares or 5.65% stake. With a 4.47% stake in DOX, the Janus Henderson Enterprise Fund is the largest stakeholder. A total of 5,484,437 shares are owned by the mutual fund manager. The Allspring Special Mid Cap Value F, which owns about 3.31% of DOX stock, is the second-largest Mutual Fund holder. It holds 4,070,100 shares valued at 347.87 million. Fidelity Low Priced Stock Fund holds 2.26% of the stake in DOX, owning 2,781,381 shares worth 237.72 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DOX since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DOX analysts setting a high price target of $99.00 and a low target of $88.00, the average target price over the next 12 months is $94.20. Based on these targets, DOX could surge 21.8% to reach the target high and rise by 8.27% to reach the target low. Reaching the average price target will result in a growth of 15.9% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DOX will report FY 2022 earnings on 11/09/2022. Analysts have provided yearly estimates in a range of $5.30 being high and $5.30 being low. For DOX, this leads to a yearly average estimate of $5.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Amdocs Limited surprised analysts by $0.00 when it reported $1.27 EPS against a consensus estimate of $1.27. The surprise factor in the prior quarter was $0.29. Based on analyst estimates, the high estimate for the next quarter is $1.29 and the low estimate is $1.29. The average estimate for the next quarter is thus $1.29.

Dividends & Yield:

In terms of dividends, DOX has a current ratio of $1.58, which is $1.58 over the trailing 12-months, while a dividend of $1.17 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and DOX currently yields $1.86. In the past year, DOX’s dividend yield has been $1.86, but when looking at the stock over the past five years, its yield has been $1.72. Accordingly, DOX has a current buyback yield of $5.46. This was $5.46 for the TTM, and it was $4.96 for the past five years.

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