Amdocs (NASDAQ:DOX) Has Been Upgraded Today by Jefferies to a Buy

Tuesday, 20 Mar, 2018

Trexquant Investment LP now owns 11,711 shares of the technology company's stock worth $753,000 after acquiring an additional 8,011 shares during the last quarter. The stock increased 0.71% or $0.31 during the last trading session, reaching $43.76. It has underperformed by 1.14% the S&P500. Barnett & Company Inc sold 8,023 shares as Csx Corp (CSX)'s stock rose 3.79%. Amdocs Ltd now has $9.79 billion valuation. The stock decreased 0.66% or $0.36 during the last trading session, reaching $54.3. About 764,146 shares traded or 16.11% up from the average. The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, September 14. It has underperformed by 3.30% the S&P500. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). Its up 0.05, from 1.13 in 2017Q2. It improved, as 56 investors sold CSX shares while 351 reduced holdings. 308.00 million shares or 2.35% more from 300.92 million shares in 2017Q2 were reported. State Treasurer State Of Michigan stated it has 0.03% of its portfolio in FirstEnergy Corp. (NYSE:FE). Amer Century owns 3.14 million shares for 0.1% of their portfolio. Meridian Mgmt has invested 0.48% in CSX Corporation (NASDAQ:CSX). Pggm Investments invested in 0.06% or 416,643 shares. Hanseatic Management Ser accumulated 0.09% or 1,498 shares. (NYSE:FE). Brookstone Cap Mngmt invested in 174,886 shares. Advisor Prtnrs Ltd holds 0.21% or 20,141 shares. It also upped Discovery Communicatns New (NASDAQ:DISCK) stake by 285,658 shares and now owns 308,634 shares. Schwab Strategic Tr (SCHM) was raised too. DOX's past rating was only a "Hold". The company is scheduled to issue its next quarterly earnings report on Tuesday, May 8th. Over the 52-week time span, the stock notched a high price of $71.37 and its minimum price was $60.3. Amdocs Limited's stock price now sits at $70.58. The rating has been shown in a note on 19 March. The stock has "Market Perform" rating by Wells Fargo on Tuesday, January 10. The rating was downgraded by Barclays Capital to "Equal Weight" on Thursday, November 12. Stifel Nicolaus maintained the shares of DOX in report on Tuesday, June 27 with "Buy" rating.

Shares of Amdocs Limited (NASDAQ DOX) opened at $67.87 on Thursday.

Analysts await Copa Holdings, S.A. (NYSE:CPA) to report earnings on May, 9. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.89 by $0.17. Therefore 62% are positive. Copa Holdings SA had 51 analyst reports since August 4, 2015 according to SRatingsIntel. On Thursday, September 14 the stock rating was maintained by Stifel Nicolaus with "Buy". Stifel Nicolaus boosted their price objective on shares of Amdocs from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, January 31st. The company was maintained on Wednesday, July 27 by Citigroup. Jefferies upgraded the stock to "Buy" rating in Monday, March 19 report. As per Thursday, August 3, the company rating was maintained by Oppenheimer. On Thursday, October 19 the stock rating was maintained by Robert W. Baird with "Hold".

Among 7 analysts covering Amdocs (NASDAQ:DOX), 5 have Buy rating, 0 Sell and 2 Hold. The firm earned "Hold" rating on Wednesday, October 11 by Jefferies. Over the past twelve months, Amdocs Limited (NASDAQ:DOX)'s stock was 4.23%. They expect $0.66 EPS, up 29.41% or $0.15 from last year's $0.51 per share. DOX's profit will be $126.22 million for 19.39 P/E if the $0.88 EPS becomes a reality. During the same quarter in the prior year, the firm posted $0.90 EPS. equities analysts forecast that Amdocs Limited will post 3.75 EPS for the current year.

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