Amdocs Limited (NASDAQ:DOX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Amdocs Limited (NASDAQ:DOX) 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.

Hedge Funds Weigh In On Amdocs

A number of institutional investors have recently added to or reduced their stakes in DOX. First Trust Direct Indexing L.P. grew its position in Amdocs by 7.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,063 shares of the technology company’s stock worth $268,000 after acquiring an additional 200 shares during the last quarter. GW Henssler & Associates Ltd. bought a new stake in shares of Amdocs during the third quarter worth about $6,665,000. Strategic Wealth Investment Group LLC increased its stake in shares of Amdocs by 13.3% in the third quarter. Strategic Wealth Investment Group LLC now owns 12,984 shares of the technology company’s stock valued at $1,135,000 after buying an additional 1,520 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Amdocs by 4.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 107,432 shares of the technology company’s stock valued at $9,192,000 after buying an additional 5,000 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Amdocs by 2.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 103,065 shares of the technology company’s stock worth $9,016,000 after buying an additional 2,132 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

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) 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.