UPDATE: JP Morgan Raises PT to $35 on Amdocs on Cash Return - Amdocs (NASDAQ:DOX)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

JP Morgan reiterated its Neutral rating on Amdocs (NYSE: DOX) but raised its price target from $33 to $35. JP Morgan noted, "Amdocs ended their FY2012 as expected, facing a challenging macro environment, but took the opportunity to return cash to shareholders and enacted its first dividend to enhance total return. We believe macro in fiscal 2013 will remain challenging for the telecom industry to start, but we like what DOX management is doing to enhance total return with continued share buyback and quarterly dividend."Amdocs closed at $33.28 on Tuesday.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!