Amdocs (DOX) Gets a Hold Rating from Robert W. Baird


Robert W. Baird analyst William Power reiterated a Hold rating on Amdocs (DOX) today and set a price target of $64. The company’s shares closed yesterday at $56.04.

According to TipRanks.com, Power is a 5-star analyst with an average return of 17.0% and a 62.2% success rate. Power covers the Technology sector, focusing on stocks such as Everbridge Inc, RingCentral, and Twilio Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Amdocs with a $69 average price target.

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Based on Amdocs’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $43.95 million. In comparison, last year the company had a net profit of $116 million.

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Amdocs Ltd. is a holding company, which engages in the provision of software and services solutions for communications, entertainment, and media industries. It specializes in the development, implementation, and management of software and services associate with business support systems, operational support systems, service-driven network and other network solutions, entertainment offerings, and digital solutions. The company was founded in 1988 and is headquartered in Chesterfield, MO.

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