Amdocs Limited (NASDAQ:DOX – Get Free Report) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $102.00.
A number of analysts have recently weighed in on the company. Stifel Nicolaus assumed coverage on Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 target price for the company. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday.
Read Our Latest Analysis on Amdocs
Hedge Funds Weigh In On Amdocs
Amdocs Stock Down 1.0 %
DOX stock opened at $88.87 on Friday. The business’s fifty day moving average price is $87.08 and its two-hundred day moving average price is $83.59. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.42 and a beta of 0.74. Amdocs has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24.
Amdocs (NASDAQ:DOX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.02. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Amdocs will post 5.67 earnings per share for the current year.
Amdocs Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, September 30th were given a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Monday, September 30th. Amdocs’s dividend payout ratio is presently 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.
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