Amdocs Limited (NASDAQ:DOX – Get Free Report) has been given an average recommendation of “Hold” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $86.6667.
Several brokerages have recently weighed in on DOX. KeyCorp started coverage on shares of Amdocs in a research note on Monday, June 29th. They issued a “sector weight” rating on the stock. Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a report on Wednesday, August 5th.
Get Our Latest Stock Analysis on Amdocs
Institutional Trading of Amdocs
Amdocs Trading Down 1.6%
DOX stock traded down $0.98 during trading on Friday, reaching $59.53. The company had a trading volume of 38,566 shares, compared to its average volume of 1,261,979. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $6.43 billion, a P/E ratio of 14.17, a PEG ratio of 1.07 and a beta of 0.42. The business has a 50 day moving average of $57.97 and a 200 day moving average of $60.39. Amdocs has a 52 week low of $49.74 and a 52 week high of $85.63.
Amdocs (NASDAQ:DOX – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.84. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business earned $1.72 EPS. Amdocs’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Amdocs will post 6.56 earnings per share for the current fiscal year.
Amdocs Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.569 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.8%. Amdocs’s dividend payout ratio (DPR) is presently 54.29%.
Amdocs Company Profile
Amdocs Limited (NASDAQ: DOX) is a global provider of software and technology services for communications, media and entertainment companies. Its solutions help service providers manage customer relationships, product offerings, billing, ordering, network operations and digital experiences.
The company offers cloud-based and software-as-a-service platforms spanning business and operational support systems, customer experience management, monetization, network automation, data and artificial intelligence.
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