Amdocs Limited (NASDAQ:DOX) Announces Quarterly Dividend of $0.57

Amdocs Limited (NASDAQ:DOX) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.5690 per share by the technology company on Friday, January 29th. This represents a $2.28 annualized dividend and a yield of 5.3%. The ex-dividend date is Thursday, December 31st.

Amdocs has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Amdocs has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amdocs to earn $7.14 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 31.8%.

Amdocs Trading Down 31.0%

DOX opened at $43.08 on Wednesday. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.01 and a beta of 0.42. The stock’s 50 day moving average price is $60.65 and its 200-day moving average price is $62.58. Amdocs has a one year low of $39.99 and a one year high of $85.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.94.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $1.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.98. Amdocs had a return on equity of 20.28% and a net margin of 9.75%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business earned $1.83 EPS. Amdocs’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Amdocs will post 6.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DOX. Oppenheimer downgraded shares of Amdocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Weiss Ratings raised Amdocs from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Finally, Stifel Nicolaus reduced their price objective on Amdocs from $71.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.33.

Amdocs Company Profile

Amdocs Ltd. (NASDAQ: DOX) is a global provider of software and technology services for communications, media and entertainment companies. Its solutions help service providers manage customer relationships, billing, subscriptions, product offerings and digital experiences across consumer and enterprise markets.

The company’s portfolio includes business support systems and operational support systems, cloud-based software, artificial intelligence and automation tools, network and service management platforms, and solutions for media distribution and monetization.