Amdocs (NASDAQ:DOX) Updates FY 2022 Earnings Guidance

Amdocs (NASDAQ:DOXGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.16-$5.30 for the period, compared to the consensus earnings per share estimate of $4.93. The company issued revenue guidance of $4.51 billion-$4.60 billion, compared to the consensus revenue estimate of $4.32 billion.Amdocs also updated its Q3 2022 guidance to $1.23-$1.29 EPS.

Several brokerages have recently issued reports on DOX. Oppenheimer reiterated a top pick rating on shares of Amdocs in a report on Friday. Citigroup reduced their target price on Amdocs from $93.00 to $90.00 in a report on Thursday. Finally, StockNews.com upgraded Amdocs from a buy rating to a strong-buy rating in a report on Thursday, March 24th.

DOX traded up $1.49 on Friday, hitting $84.42. The company had a trading volume of 5,460 shares, compared to its average volume of 583,962. The company’s fifty day moving average price is $81.19 and its 200 day moving average price is $77.41. Amdocs has a 1-year low of $68.33 and a 1-year high of $84.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.71.

Amdocs (NASDAQ:DOXGet Rating) last issued its quarterly earnings results on Wednesday, May 11th. The technology company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.25 by $0.29. Amdocs had a return on equity of 15.64% and a net margin of 12.13%. During the same period in the prior year, the company posted $1.05 EPS. On average, sell-side analysts forecast that Amdocs will post 4.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be given a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 1.87%. The ex-dividend date is Wednesday, June 29th. Amdocs’s dividend payout ratio is currently 35.43%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers raised its stake in shares of Amdocs by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,672 shares of the technology company’s stock valued at $549,000 after purchasing an additional 609 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Amdocs by 3.1% in the first quarter. Allianz Asset Management GmbH now owns 108,353 shares of the technology company’s stock valued at $8,908,000 after purchasing an additional 3,265 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Amdocs by 269.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,537 shares of the technology company’s stock valued at $373,000 after purchasing an additional 3,310 shares in the last quarter. Sei Investments Co. raised its stake in shares of Amdocs by 11.2% in the first quarter. Sei Investments Co. now owns 208,892 shares of the technology company’s stock valued at $16,991,000 after purchasing an additional 21,074 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Amdocs by 21.1% in the first quarter. Raymond James Trust N.A. now owns 5,551 shares of the technology company’s stock valued at $456,000 after purchasing an additional 969 shares in the last quarter. 87.09% of the stock is currently owned by institutional investors.

About Amdocs (Get Rating)

Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; 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; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers.

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