Amdocs Limited (DOX) Shares are Up 0.61%

Amdocs Limited (DOX) : Traders are bullish on Amdocs Limited (DOX) as it has outperformed the S&P 500 by a wide margin of 1.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.56%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.61% in the last 1 week, and is up 2.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.43% and the 50-Day Moving Average is 2.95%. Amdocs Limited (NASDAQ:DOX): stock turned positive on Friday. Though the stock opened at $59.19, the bulls momentum made the stock top out at $59.426 level for the day. The stock recorded a low of $58.99 and closed the trading day at $59.28, in the green by 0.27%. The total traded volume for the day was 601,546. The stock had closed at $59.12 in the previous days trading.


The company Insiders own 15.4% of Amdocs Limited shares according to the proxy statements. Institutional Investors own 88.1% of Amdocs Limited shares. Also, Jefferies maintains its rating on Amdocs Limited (NASDAQ:DOX). The global brokerage major raises the current price target from $56 per share to $58 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on August 1, 2016.

Amdocs Limited (Amdocs) is a provider of software and services for communications, media and entertainment industry. The Company designs, develops, markets, supports, implements and operates customer experience systems for wireless, wireline, cable and satellite service providers across the world. Amdocs also offers a range of advertising and media solutions for local marketing service providers, and search and directory publishers. Its customers are in North America, Europe, Latin America and the Asia-Pacific region. The Companys software portfolio of customer experience enabling products spans the Revenue Management, Customer Management, Operational Support Systems (OSS), Network Control, Network Optimization, Mobile Financial Services and Digital Lifestyle Services. It offers a suite of services to advise, transform, support and optimize business and technology processes. In addition, the Company offers learning services to develop competency in Amdocs systems and applications.

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