Amdocs Limited (NASDAQ:DOX – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.569 per share by the technology company on Friday, October 30th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, September 30th.
Amdocs has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Amdocs has a dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Amdocs to earn $7.19 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 31.6%.
Amdocs Stock Up 6.9%
DOX stock opened at $59.12 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.38 billion, a PE ratio of 14.08, a PEG ratio of 0.96 and a beta of 0.40. Amdocs has a twelve month low of $49.74 and a twelve month high of $90.29. The stock has a 50-day simple moving average of $54.49 and a two-hundred day simple moving average of $63.33.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC increased its position in Amdocs by 5.4% during the 1st quarter. Pzena Investment Management LLC now owns 12,681,089 shares of the technology company’s stock valued at $827,568,000 after buying an additional 644,074 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Amdocs by 0.8% during the fourth quarter. LSV Asset Management now owns 3,678,532 shares of the technology company’s stock valued at $296,159,000 after purchasing an additional 29,829 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Amdocs by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after buying an additional 571,036 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Amdocs by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,151,532 shares of the technology company’s stock valued at $258,583,000 after buying an additional 91,900 shares during the last quarter. Finally, Brandes Investment Partners LP increased its holdings in Amdocs by 2.8% in the 4th quarter. Brandes Investment Partners LP now owns 2,714,965 shares of the technology company’s stock worth $218,583,000 after buying an additional 74,244 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.
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.
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