Amdocs (NASDAQ:DOX) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Amdocs (NASDAQ:DOX) in a report released on Wednesday, Marketbeat reports. The firm issued a buy rating and a $100.00 price target on the technology company’s stock.

Separately, StockNews.com raised Amdocs from a buy rating to a strong-buy rating in a research report on Friday, September 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Amdocs presently has an average rating of Moderate Buy and an average target price of $102.00.

Amdocs Stock Performance

Shares of DOX stock opened at $88.19 on Wednesday. The stock has a market capitalization of $10.37 billion, a PE ratio of 19.82, a PEG ratio of 1.54 and a beta of 0.74. The business’s 50 day simple moving average is $85.60 and its 200 day simple moving average is $83.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24. Amdocs has a one year low of $74.41 and a one year high of $94.04.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $1.41 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, research analysts forecast that Amdocs will post 5.67 earnings per share for the current year.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be paid a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, September 30th. Amdocs’s dividend payout ratio (DPR) is currently 42.92%.

Hedge Funds Weigh In On Amdocs

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pzena Investment Management LLC increased its position in Amdocs by 33.2% in the 2nd quarter. Pzena Investment Management LLC now owns 5,667,603 shares of the technology company’s stock valued at $447,287,000 after buying an additional 1,412,826 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Amdocs by 39.5% during the first quarter. Vanguard Group Inc. now owns 2,033,536 shares of the technology company’s stock valued at $183,771,000 after acquiring an additional 576,168 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Amdocs by 31.1% during the second quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock worth $178,335,000 after purchasing an additional 536,359 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Amdocs by 36.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,675,784 shares of the technology company’s stock worth $132,253,000 after purchasing an additional 444,966 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Amdocs by 22.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,395,894 shares of the technology company’s stock worth $126,119,000 after purchasing an additional 258,343 shares in 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.