Analysts Set Amdocs Limited (NASDAQ:DOX) Price Target at $101.20

Amdocs Limited (NASDAQ:DOX) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $101.20.

A number of equities analysts recently weighed in on DOX shares. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Stifel Nicolaus started coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price on the stock. Barclays reduced their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, Oppenheimer boosted their price target on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Amdocs Stock Down 1.5 %

DOX stock opened at $85.61 on Monday. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.45 and a beta of 0.72. Amdocs has a twelve month low of $74.41 and a twelve month high of $94.04. The business has a 50 day moving average price of $87.99 and a two-hundred day moving average price of $84.68. The company has a quick ratio of 1.24, a current ratio of 1.20 and a debt-to-equity ratio of 0.21.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s payout ratio is 45.05%.

Hedge Funds Weigh In On Amdocs

Institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Amdocs by 1.9% in the third quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock valued at $516,000 after acquiring an additional 109 shares in the last quarter. Private Trust Co. NA grew its position in shares of Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after purchasing an additional 117 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Amdocs by 0.4% during the second quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock worth $2,150,000 after purchasing an additional 120 shares during the period. Raymond James Trust N.A. raised its position in shares of Amdocs by 2.3% in the second quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock valued at $457,000 after buying an additional 129 shares in the last quarter. Finally, Morton Community Bank boosted its stake in shares of Amdocs by 0.4% in the third quarter. Morton Community Bank now owns 36,410 shares of the technology company’s stock valued at $3,185,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

About Amdocs

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.