Amdocs Ltd (NASDAQ: DOX) is -1.98% 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 $85.61 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $86.15, the stock is -0.80% and -2.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 0.63% at the moment leaves the stock 1.08% off its SMA200. DOX registered -1.28% loss for a year compared to 6-month gain of 9.77%. The firm has a 50-day simple moving average (SMA 50) of $87.9664 and a 200-day simple moving average (SMA200) of $85.23195.
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The stock witnessed a 3.87% loss in the last 1 month and extending the period to 3 months gives it a -0.07%, and is -2.59% 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 1.75% over the week and 1.48% over the month.
Amdocs Ltd (DOX) has around 30695 employees, a market worth around $9.72B and $5.00B in sales. Current P/E ratio is 20.30 and Fwd P/E is 11.39. Profit margin for the company is 9.80%. Distance from 52-week low is 15.78% and -8.39% from its 52-week high. The company has generated returns on investments over the last 12 months (11.66%).
The EPS is expected to grow by 8.26% this year
The shares outstanding are 112.89M, and float is at 112.23M with Short Float at 2.92%.
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.
