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

Amdocs Limited (NASDAQ:DOX) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $101.20.

Separately, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Amdocs Price Performance

Shares of DOX stock opened at $90.42 on Wednesday. The company’s 50-day simple moving average is $87.46 and its two-hundred day simple moving average is $87.23. The company has a market capitalization of $10.21 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.47 and a beta of 0.68. Amdocs has a one year low of $74.41 and a one year high of $93.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data 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 return on equity of 18.89% and a net margin of 10.19%. As a group, equities analysts anticipate that Amdocs will post 6.21 EPS for the current year.

Amdocs Increases Dividend

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

Hedge Funds Weigh In On Amdocs

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA boosted its position in shares of Amdocs by 62.9% in the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after purchasing an additional 117 shares during the period. Brooklyn Investment Group purchased a new stake in Amdocs during the third quarter worth $28,000. Jones Financial Companies Lllp purchased a new stake in shares of Amdocs in the fourth quarter valued at about $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs during the 4th quarter valued at $41,000. Finally, Global Retirement Partners LLC increased its position in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors 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.