Shares of Amdocs Limited (DOX) Sees Large Outflow of Money

Amdocs Limited (DOX) : Net money flow in Amdocs Limited (DOX) was negative ($1.75 million) and the inflow of money on uptick was $3.34 million, whereas, the outflow of money on downticks amounted to $5.09 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.66. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.97 million. The money flow in block trades was negative ($0.97). Amdocs Limited (DOX) gained $0.09 cent during the day and reached $59.7, a gain of 0.15% over the previous day.


Also, Major Brokerage house, Jefferies maintains its ratings on Amdocs Limited (NASDAQ:DOX). In the latest research report, Jefferies raises the target price from $56 per share to $58 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 1, 2016.

Shares of Amdocs Limited rose by 0.91% in the last five trading days and 0.61% for the last 4 weeks. Amdocs Limited is up 3.87% in the last 3-month period. Year-to-Date the stock performance stands at 10.17%.

Amdocs Limited (NASDAQ:DOX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.69 and $59.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.71, notching a gain of 0.17% for the day. The total traded volume was 677,787 . The stock had closed at $59.61 on the previous day.

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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