Amdocs Limited (NASDAQ:DOX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Amdocs Limited (NASDAQ:DOX) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $103.80.

DOX has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Robert W. Baird dropped their target price on Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in Amdocs in the 4th quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in shares of Amdocs in the fourth quarter valued at $26,000. Norwood Financial Corp bought a new position in shares of Amdocs in the first quarter valued at about $33,000. Central Pacific Bank Trust Division bought a new position in shares of Amdocs in the first quarter valued at about $53,000. Finally, Riverview Trust Co acquired a new position in Amdocs during the 1st quarter worth about $55,000. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Stock Down 1.3 %

DOX stock opened at $82.68 on Friday. Amdocs has a twelve month low of $74.41 and a twelve month high of $96.69. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. The company has a market cap of $9.72 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. The business’s 50-day simple moving average is $79.18 and its 200 day simple moving average is $85.93.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Amdocs had a return on equity of 17.85% and a net margin of 10.62%. On average, research analysts anticipate that Amdocs will post 5.72 earnings per share for the current year.

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, June 28th. Amdocs’s payout ratio is 43.15%.

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.