Amdocs Limited (NASDAQ:DOX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Amdocs Limited (NASDAQ:DOX) have been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $102.00.

Several research firms recently issued reports on DOX. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus assumed coverage on shares of Amdocs in a report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target for the company.

Amdocs Price Performance

DOX stock opened at $88.06 on Friday. Amdocs has a 1 year low of $74.41 and a 1 year high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $10.35 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. The business has a 50 day simple moving average of $87.42 and a 200-day simple moving average of $83.66.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business earned $1.41 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts anticipate that Amdocs will post 5.67 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, September 30th were given a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Monday, September 30th. Amdocs’s dividend payout ratio is presently 44.24%.

Hedge Funds Weigh In On Amdocs

Several large investors have recently made changes to their positions in the stock. Natixis Advisors LLC boosted its holdings in Amdocs by 0.4% during the 2nd quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock valued at $2,150,000 after acquiring an additional 120 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Amdocs by 2.3% in the second quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock valued at $457,000 after purchasing an additional 129 shares in the last quarter. Y.D. More Investments Ltd increased its stake in Amdocs by 1.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock worth $741,000 after buying an additional 139 shares during the period. Blue Trust Inc. increased its stake in Amdocs by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 1,138 shares of the technology company’s stock worth $90,000 after buying an additional 174 shares during the period. Finally, Private Advisor Group LLC boosted its position in Amdocs by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock valued at $492,000 after buying an additional 175 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.