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

Shares of Amdocs Limited (NASDAQ:DOX) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $101.20.

DOX has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Monday. Oppenheimer upped their price target on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus initiated coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. Finally, Barclays cut their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th.

Institutional Trading of Amdocs

Several hedge funds and other institutional investors have recently modified their holdings of DOX. Los Angeles Capital Management LLC boosted its holdings in Amdocs by 11.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,247 shares of the technology company’s stock valued at $256,000 after purchasing an additional 345 shares during the period. Caprock Group LLC acquired a new position in Amdocs in the second quarter valued at about $221,000. Royal London Asset Management Ltd. lifted its position in Amdocs by 1.8% during the second quarter. Royal London Asset Management Ltd. now owns 65,767 shares of the technology company’s stock worth $5,190,000 after purchasing an additional 1,135 shares during the period. Headlands Technologies LLC grew its stake in Amdocs by 78.6% during the second quarter. Headlands Technologies LLC now owns 10,562 shares of the technology company’s stock worth $834,000 after buying an additional 4,647 shares in the last quarter. Finally, AdvisorShares Investments LLC increased its holdings in Amdocs by 4.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 5,362 shares of the technology company’s stock valued at $422,000 after buying an additional 222 shares during the period. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of NASDAQ:DOX opened at $84.21 on Friday. Amdocs has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.24. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.45 and a beta of 0.71. The firm’s 50 day simple moving average is $86.79 and its 200 day simple moving average is $85.59.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is currently 45.05%.

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.