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.
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.
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.
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.