Amdocs Gets a Buy Rating from Stifel Nicolaus

By Austin Angelo

Stifel Nicolaus analyst Tom Roderick reiterated a Buy rating on Amdocs (NASDAQ: DOX) yesterday and set a price target of $68. The company’s shares opened today at $64.18.

According to TipRanks.com, Roderick is a 4-star analyst with an average return of 9.2% and a 62.1% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Nuance Communications.

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

Amdocs’ market cap is currently $9.42B and has a P/E ratio of 23.28. The company has a book value ratio of 2.7153.

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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.