Amdocs Limited (NASDAQ:DOX) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Amdocs Limited (NASDAQ:DOX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $101.20.

Separately, StockNews.com downgraded shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

Amdocs Stock Up 0.5 %

NASDAQ DOX traded up $0.44 on Friday, reaching $85.40. The company had a trading volume of 54,872 shares, compared to its average volume of 703,183. The firm has a market capitalization of $9.64 billion, a PE ratio of 19.82, a P/E/G ratio of 1.47 and a beta of 0.59. The firm has a 50-day moving average of $87.19 and a 200-day moving average of $87.04. Amdocs has a 1 year low of $74.41 and a 1 year high of $93.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, equities research analysts anticipate that Amdocs will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. This is a positive change from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 2.47%. Amdocs's payout ratio is presently 48.72%.

Hedge Funds Weigh In On Amdocs

A number of large investors have recently bought and sold shares of the business. AdvisorNet Financial Inc lifted its holdings in shares of Amdocs by 382.9% in the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company's stock worth $31,000 after purchasing an additional 268 shares during the last quarter. NBC Securities Inc. bought a new stake in Amdocs in the first quarter valued at $31,000. Jones Financial Companies Lllp acquired a new position in shares of Amdocs during the fourth quarter valued at $36,000. SBI Securities Co. Ltd. bought a new position in shares of Amdocs during the fourth quarter worth about $41,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Amdocs by 45.6% in the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after acquiring an additional 175 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.