Amdocs Limited (NASDAQ:DOX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Amdocs Limited (NASDAQ:DOX) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $101.20.

Separately, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th.

Amdocs Stock Performance

Shares of DOX stock opened at $90.42 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. Amdocs has a 12 month low of $74.41 and a 12 month high of $93.34. The business’s 50-day moving average price is $87.46 and its 200-day moving average price is $87.23. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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%. Equities research analysts forecast that Amdocs will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be given a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.33%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs’s payout ratio is presently 48.72%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOX. Charles Schwab Investment Management Inc. grew its holdings in shares of Amdocs by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 207,137 shares of the technology company’s stock worth $18,120,000 after acquiring an additional 11,179 shares during the period. Raymond James Trust N.A. lifted its holdings in Amdocs by 20.9% in the 3rd quarter. Raymond James Trust N.A. now owns 7,008 shares of the technology company’s stock worth $613,000 after purchasing an additional 1,212 shares in the last quarter. Citigroup Inc. grew its stake in Amdocs by 8.7% during the third quarter. Citigroup Inc. now owns 78,491 shares of the technology company’s stock valued at $6,866,000 after acquiring an additional 6,294 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Amdocs by 15.1% in the third quarter. Cerity Partners LLC now owns 7,652 shares of the technology company’s stock worth $669,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Pitcairn Co. raised its holdings in shares of Amdocs by 19.9% during the 3rd quarter. Pitcairn Co. now owns 3,245 shares of the technology company’s stock worth $284,000 after acquiring an additional 538 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

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.