Why should you keep an eye on Amdocs Ltd (DOX)?

Amdocs Ltd (NASDAQ: DOX) is -1.91% lower on its value in year-to-date trading and has touched a low of $74.41 and a high of $94.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DOX stock was last observed hovering at around $87.29 in the last trading session, with the day’s loss setting it -1.08%.

Currently trading at $86.21, the stock is 0.42% and 1.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing -1.24% at the moment leaves the stock 0.46% off its SMA200. DOX registered -0.42% loss for a year compared to 6-month loss of -7.07%.

The stock witnessed a 0.67% gain in the last 1 month and extending the period to 3 months gives it a 9.85%, and is -0.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.34% over the week and 1.45% over the month.

Amdocs Ltd (DOX) has around 30695 employees, a market worth around $9.84B and $4.98B in sales. Current P/E ratio is 19.85 and Fwd P/E is 12.25. Profit margin for the company is 10.16%. Distance from 52-week low is 15.86% and -8.33% from its 52-week high. The company has generated returns on investments over the last 12 months (11.87%).

The EPS is expected to grow by 8.99% this year.

Amdocs Ltd (DOX) Top Institutional Holders

The shares outstanding are 117.35M, and float is at 113.58M with Short Float at 2.35%.

The top institutional shareholder in the company is FMR LLC with over 16.97 million shares valued at $1.34 billion. The investor’s holdings represent 14.5821% of the DOX Shares outstanding. As of 2024-06-30, the second largest holder is JANUS HENDERSON GROUP PLC with 6.51 million shares valued at $514.13 million to account for 5.5965 of the shares outstanding. The other top investors are PZENA INVESTMENT MANAGEMENT LLC which holds 5.67 million shares representing 4.8689% and valued at over $447.29 million, while BEUTEL, GOODMAN & CO LTD. holds 4.0626 of the shares totaling 4.73 million with a market value of $373.21 million.