Amdocs Limited (NASDAQ:DOX) Receives $101.20 Consensus PT from Analysts

Shares of Amdocs Limited (NASDAQ:DOX) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $101.20.

Separately, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in Amdocs by 4.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 68,461 shares of the technology company’s stock valued at $5,829,000 after purchasing an additional 3,031 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new position in Amdocs in the 4th quarter valued at about $557,000. Jefferies Financial Group Inc. acquired a new stake in Amdocs during the 4th quarter worth approximately $1,646,000. Ascent Group LLC increased its holdings in shares of Amdocs by 257.6% in the fourth quarter. Ascent Group LLC now owns 8,900 shares of the technology company’s stock valued at $758,000 after purchasing an additional 6,411 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Amdocs by 10.1% during the fourth quarter. Mackenzie Financial Corp now owns 95,938 shares of the technology company’s stock worth $8,168,000 after purchasing an additional 8,809 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of DOX opened at $90.95 on Wednesday. The stock has a 50-day simple moving average of $87.89 and a 200-day simple moving average of $87.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs has a 1 year low of $74.41 and a 1 year high of $93.34. The stock has a market capitalization of $10.27 billion, a PE ratio of 21.10, a PEG ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. On average, analysts predict that Amdocs will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a $0.527 dividend. This represents a $2.11 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio is currently 48.72%.

About Amdocs

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.