Amdocs Sees Unusually High Options Volume (NASDAQ:DOX)

Amdocs Limited (NASDAQ:DOX) saw some unusual options trading on Monday. Traders acquired 3,666 call options on the company. This represents an increase of approximately 7,088% compared to the typical daily volume of 51 call options.

Amdocs Stock Performance

Shares of DOX opened at $84.40 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.40 and a beta of 0.51. The stock has a 50 day moving average of $83.91 and a 200 day moving average of $87.44. Amdocs has a 12 month low of $78.61 and a 12 month high of $95.41.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.01. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Amdocs had a return on equity of 19.66% and a net margin of 11.94%.Amdocs’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $1.62 earnings per share. As a group, sell-side analysts forecast that Amdocs will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Amdocs’s dividend payout ratio (DPR) is presently 42.80%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DOX. Wolfe Research began coverage on Amdocs in a report on Tuesday, July 8th. They issued an “outperform” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Amdocs in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.00.

Institutional Trading of Amdocs

Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Amdocs in the third quarter worth $26,000. Cornerstone Planning Group LLC purchased a new stake in Amdocs in the first quarter worth $27,000. Quarry LP increased its position in Amdocs by 42.2% in the first quarter. Quarry LP now owns 391 shares of the technology company’s stock worth $36,000 after buying an additional 116 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Amdocs in the first quarter worth $39,000. Finally, Rossby Financial LCC purchased a new stake in Amdocs in the second quarter worth $41,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

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.