Amdocs Limited (NASDAQ:DOX) Receives $108.60 Consensus PT from Analysts

Shares of Amdocs Limited (NASDAQ:DOX) have received an average rating of “Buy” from the four analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $108.60.

Several equities analysts have commented on DOX shares. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Barclays upped their price target on Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Citigroup raised their price objective on Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th.

Amdocs Trading Down 0.8 %

NASDAQ:DOX opened at $83.36 on Monday. The stock has a market cap of $9.80 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.69. Amdocs has a fifty-two week low of $78.38 and a fifty-two week high of $99.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.29 and a quick ratio of 1.29. The stock’s 50-day moving average is $89.25 and its two-hundred day moving average is $87.40.

Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. Amdocs had a net margin of 11.30% and a return on equity of 17.79%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business posted $1.33 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that Amdocs will post 5.87 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, March 29th were issued a dividend of $0.479 per share. This is a positive change from Amdocs’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 2.30%. Amdocs’s dividend payout ratio (DPR) is presently 41.11%.

Institutional Trading of Amdocs

Several large investors have recently made changes to their positions in DOX. GAMMA Investing LLC acquired a new stake in shares of Amdocs in the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of Amdocs during the fourth quarter worth $26,000. Operose Advisors LLC lifted its stake in shares of Amdocs by 148.0% during the third quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock valued at $26,000 after acquiring an additional 185 shares during the period. Norwood Financial Corp bought a new position in Amdocs in the first quarter valued at about $33,000. Finally, VisionPoint Advisory Group LLC boosted its holdings in Amdocs by 77.7% in the third quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock valued at $42,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

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.