Amdocs Limited (NASDAQ:DOX) Receives Average Rating of “Hold” from Analysts

Amdocs Limited (NASDAQ:DOXGet 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

A number of hedge funds and other institutional investors have recently bought and sold shares of DOX. Sequoia Financial Advisors LLC grew its holdings in shares of Amdocs by 3.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,443 shares of the technology company’s stock worth $420,000 after purchasing an additional 218 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Amdocs by 6.1% during the 4th quarter. Fisher Asset Management LLC now owns 4,514 shares of the technology company’s stock valued at $363,000 after purchasing an additional 261 shares in the last quarter. Fulton Bank N.A. boosted its stake in Amdocs by 8.5% in the second quarter. Fulton Bank N.A. now owns 4,667 shares of the technology company’s stock worth $236,000 after purchasing an additional 367 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of Amdocs by 1.6% during the fourth quarter. Legato Capital Management LLC now owns 28,351 shares of the technology company’s stock worth $2,283,000 after purchasing an additional 460 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Amdocs in the fourth quarter valued at about $37,000. 92.02% of the stock is currently owned by institutional investors and hedge funds.

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:DOXGet 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

(Get Free Report)

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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Analyst Recommendations for Amdocs (NASDAQ:DOX)

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