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

Amdocs Limited (NASDAQ:DOX) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the stock, 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 brokers that have updated their coverage on the stock in the last year is $101.20.

A number of equities research analysts have recently weighed in on the stock. Barclays cut their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after buying an additional 117 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Amdocs during the third quarter valued at approximately $28,000. Jones Financial Companies Lllp purchased a new position in shares of Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. purchased a new position in shares of Amdocs during the fourth quarter valued at approximately $41,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after purchasing an additional 175 shares during the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Trading Up 2.2 %

Shares of DOX opened at $90.46 on Friday. The firm’s 50-day moving average price is $86.36 and its 200-day moving average price is $86.94. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.47 and a beta of 0.68. 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 1-year low of $74.41 and a 1-year high of $94.04.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. Sell-side analysts anticipate that Amdocs will post 6.21 EPS for the current year.

Amdocs Increases Dividend

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

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.