Amdocs Limited (NASDAQ:DOX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Amdocs Limited (NASDAQ:DOX) has been assigned a consensus recommendation of “Moderate Buy” from the four research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $102.50.

Several research firms recently issued reports on DOX. Stifel Nicolaus began coverage on shares of Amdocs in a research note on Wednesday. They set a “buy” rating and a $100.00 target price for the company. StockNews.com raised shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DOX. Wasatch Advisors LP purchased a new position in shares of Amdocs during the 1st quarter valued at approximately $1,943,000. Royal London Asset Management Ltd. boosted its stake in Amdocs by 1.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 64,632 shares of the technology company’s stock valued at $5,681,000 after buying an additional 1,217 shares in the last quarter. Running Oak Capital LLC boosted its stake in Amdocs by 15.0% during the first quarter. Running Oak Capital LLC now owns 108,734 shares of the technology company’s stock valued at $9,826,000 after buying an additional 14,205 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Amdocs by 7.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 166,927 shares of the technology company’s stock valued at $16,030,000 after buying an additional 12,178 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position in shares of Amdocs by 17.0% in the 2nd quarter. Boston Trust Walden Corp now owns 618,387 shares of the technology company’s stock valued at $48,803,000 after purchasing an additional 89,726 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $87.38 on Wednesday. The firm has a market cap of $10.27 billion, a PE ratio of 19.64, a PEG ratio of 1.54 and a beta of 0.74. The firm has a fifty day moving average of $85.41 and a 200 day moving average of $83.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. Amdocs has a one year low of $74.41 and a one year high of $94.04.

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

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be given a $0.479 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 2.19%. Amdocs’s dividend payout ratio (DPR) is 42.92%.

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.