Amdocs Limited (NASDAQ:DOX) went down by -1.06% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Software – Infrastructure giant went up by $61.84 to trade ended Thursday trading at $62.50. This is down from the $62.5 price recorded on Wednesday’s trading session. Thanks to this latest performance, DOX is closer to the higher price 52-week target of $80.00 and further from the lowest price target of $66.00. Its performance from the start of the year has also been negative, with DOX down by -14.34% year-to-date.
Amdocs Limited (DOX) started the day trading at $62.03 and recorded an intraday high of $62.06. It also recorded an intraday low of $60.855 during Thursday’s trading session. Amdocs Limited is a very active stock that recorded a trading volume that is less than -41.08% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 715893, which is less than -41.08 of the total average daily trading volume of 1.01 million.
Amdocs Limited (NASDAQ:DOX) 2020 Performance Impressive
The increase in DOX’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of DOX currently stands at $77.29, which is higher than the current trading price of the stock by 19.99%. However, DOX’s current trading price is -40.39% lower than the 52-week low price of $44.05. In terms of trading volume, Amdocs Limited currently experienced healthy participation during the last trading session. 715893 shares of Amdocs Limited were traded on the stock exchange on Thursday, which is less than -41.08% of the 1.01 million average trading volume of the stock.
The performance of the stock has been positive over the past year. DOX’s performance over the past one year has seen it plunge by -0.71%, while the stock has gone down by -14.03% in the last six months. The quarterly performance of DOX currently stands at 33.62%, and it is up by 0.26% in the last month. The only negative figure was from the weekly performance, which currently reads -1.43%. At the time of writing DOX’s report, the company has a total market cap of $8.37B, making it one of the largest publicly-traded companies in the world.Amdocs Limited also has over 24516 employees all over the world.
DOX Insider Activities
For Amdocs Limited, insiders hold 96.00% of all company shares. The insider transactions over the past six months are down by 0.00%. After these transactions, insiders at Amdocs Limited now hold 45.39k shares, which is over 99.07% of the total company stocks. Institutional investors currently hold a large chunk of the DOX shares, as they control 0.03% of the company’s total stock.
DOX Fundamental Analysis
For Amdocs Limited, the stock’s diluted earnings per share (EPS) stands at 3.65. In the coming year, analysts expect the EPS to be 4.69. The EPS growth will up over the next five years to 4.00% after surging by 5.80% in the previous five years. In terms of revenue, Amdocs Limited’s quarterly sales (YOY) is growing at 1.05, which is lower than the average annual revenue of 5.80% over the past half a decade.
The Return on Investment (ROI) on Amdocs Limited’s stock currently stands at 13.80%, and it has a net profit margin of 11.90%. The operating margin of the company is 14.20%, and its gross margin is 34.70%.
DOX Analysts Prediction
The Stifel also has a Buy rating for Amdocs Limited, predicting the stock price to stay between $72 and $75.
Analysts at Stifel believe that DOX is Buy, and they have a price target of between $63 and $65. Stifel and Stifel also believe that Amdocs Limited’s stock is outperforming at the moment. DOX received a positive rating from Oppenheimer, which set a price target of $60-$65 for the stock.
DOX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of DOX currently stands at -2.50%, while the SMA50 is -1.03%. The biggest one is the SMA200, which is currently reading -6.15% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 44.63, while its price to earnings ratio (P/E) is 16.92.