Amdocs Receives a New Rating from Top Analyst

By Ryan Adsit

Jefferies analyst John Difucci reiterated a Hold rating on Amdocs (NASDAQ: DOX) yesterday and set a price target of $59. The company’s shares closed yesterday at $64.75, close to its 52-week high of $66.48.

According to TipRanks.com, Difucci is a top 100 analyst with an average return of 16.7% and a 72.4% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Activision Blizzard, and Palo Alto Networks.

Amdocs has an analyst consensus of Moderate Buy, with a price target consensus of $66.25.

The company has a one year high of $66.48 and a one year low of $54.12. Currently, Amdocs has an average volume of 603.6K.

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Amdocs Ltd. engages in providing software and services for communications, pay TV, entertainment and media industry. The company’s principal activities are to develop, implement and manage software and services associated with business support systems and operational support systems to enable service providers to introduce new products. The company was founded in 1988 and is headquartered in Chesterfield, MO.