Amdocs Limited (NASDAQ:DOX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Amdocs Limited (NASDAQ:DOX) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $101.20.

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

Hedge Funds Weigh In On Amdocs

A number of large investors have recently bought and sold shares of DOX. AdvisorNet Financial Inc raised its stake in shares of Amdocs by 382.9% during the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company’s stock worth $31,000 after buying an additional 268 shares during the period. NBC Securities Inc. purchased a new position in Amdocs during the first quarter valued at $31,000. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs in the fourth quarter valued at about $36,000. SBI Securities Co. Ltd. purchased a new position in shares of Amdocs during the 4th quarter worth $41,000. Finally, Global Retirement Partners LLC boosted its position in shares of Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

NASDAQ DOX opened at $83.18 on Friday. Amdocs has a 12-month low of $74.41 and a 12-month high of $93.34. The firm’s fifty day simple moving average is $87.40 and its two-hundred day simple moving average is $87.12. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $9.39 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.47 and a beta of 0.59.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. Analysts forecast that Amdocs will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be issued a $0.527 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.53%. Amdocs’s payout ratio is presently 48.72%.

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.