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

Shares of Amdocs Limited (NASDAQ:DOX) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $101.20.

DOX has been the topic of a number of research reports. Stifel Nicolaus assumed coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price on the stock. Oppenheimer increased their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays cut their target price on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Finally, StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Amdocs Price Performance

NASDAQ DOX opened at $84.21 on Friday. The company has a 50-day moving average price of $86.79 and a two-hundred day moving average price of $85.59. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Amdocs has a 52 week low of $74.41 and a 52 week high of $94.04.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.479 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.28%. Amdocs’s payout ratio is 45.05%.

Institutional Trading of Amdocs

Large investors have recently bought and sold shares of the stock. Sargent Investment Group LLC acquired a new stake in Amdocs in the 2nd quarter valued at about $289,000. Mirabella Financial Services LLP raised its position in shares of Amdocs by 204.2% during the third quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock worth $1,250,000 after acquiring an additional 9,600 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Amdocs by 1.9% in the third quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock valued at $41,827,000 after acquiring an additional 9,098 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Amdocs by 34.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 145,556 shares of the technology company’s stock worth $12,733,000 after purchasing an additional 37,516 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Amdocs by 8.3% in the 4th quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after purchasing an additional 127,426 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

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.