Amdocs Limited (NASDAQ:DOX) Receives Consensus Rating of “Buy” from Brokerages

Shares of Amdocs Limited (NASDAQ:DOX) have been given a consensus rating of “Buy” by the four brokerages that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $108.60.

A number of research firms recently issued reports on DOX. Citigroup increased their price objective on Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Barclays lifted their price objective on shares of Amdocs from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th.

Amdocs Stock Down 0.8 %

Shares of NASDAQ DOX opened at $84.98 on Monday. Amdocs has a 52-week low of $78.38 and a 52-week high of $99.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $9.99 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.38 and a beta of 0.69. The firm has a 50 day moving average price of $89.62 and a 200 day moving average price of $87.37.

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

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, March 29th were paid a $0.479 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Amdocs’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 2.25%. Amdocs’s payout ratio is 40.90%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Amdocs during the 4th quarter worth $25,000. Oakworth Capital Inc. acquired a new position in Amdocs in the fourth quarter valued at about $26,000. Operose Advisors LLC lifted its position in Amdocs by 148.0% during the third quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock worth $26,000 after purchasing an additional 185 shares during the period. Norwood Financial Corp acquired a new stake in Amdocs during the first quarter worth about $33,000. Finally, VisionPoint Advisory Group LLC increased its holdings in Amdocs by 77.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock valued at $42,000 after buying an additional 220 shares during the period. 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.