Amdocs Limited (NASDAQ:DOX) Receives Consensus Rating of “Hold” from Analysts

Shares of Amdocs Limited (NASDAQ:DOX) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $86.6667.

A number of analysts have recently commented on DOX shares. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Stifel Nicolaus lowered their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. KeyCorp began coverage on shares of Amdocs in a research report on Monday, June 29th. They issued a “sector weight” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Finally, Cfra downgraded Amdocs to a “sell” rating in a research report on Thursday, May 14th.

Amdocs Stock Down 0.2%

DOX stock traded down $0.08 during mid-day trading on Friday, hitting $51.91. 1,035,815 shares of the company were exchanged, compared to its average volume of 1,660,741. The firm has a market cap of $5.60 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.90 and a beta of 0.41. Amdocs has a 1-year low of $49.79 and a 1-year high of $90.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day simple moving average is $57.83 and its 200 day simple moving average is $67.21.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. On average, sell-side analysts predict that Amdocs will post 6.56 EPS for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.569 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a dividend yield of 4.4%. Amdocs’s payout ratio is 45.60%.

Institutional Investors Weigh In On Amdocs

Large investors have recently made changes to their positions in the stock. WealthCollab LLC raised its position in Amdocs by 94.5% during the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after acquiring an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in Amdocs during the fourth quarter worth about $37,000. Los Angeles Capital Management LLC bought a new stake in Amdocs in the fourth quarter valued at approximately $39,000. Advisory Services Network LLC acquired a new position in shares of Amdocs during the 3rd quarter worth approximately $42,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in Amdocs by 190.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Company Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.