Amdocs Limited (NASDAQ:DOX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Amdocs Limited (NASDAQ:DOX) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, 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 1-year price target among brokers that have covered the stock in the last year is $101.20.

A number of analysts recently issued reports on DOX shares. Oppenheimer raised their price target on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays lowered their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus initiated coverage on shares of Amdocs in a report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target on the stock. Finally, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Amdocs Price Performance

NASDAQ:DOX opened at $83.67 on Friday. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.46 and a beta of 0.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.24. The business has a 50 day simple moving average of $86.47 and a 200-day simple moving average of $85.79. Amdocs has a 1 year low of $74.41 and a 1 year high of $94.04.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s dividend payout ratio is presently 45.28%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Steph & Co. grew its holdings in Amdocs by 14.4% during the 4th quarter. Steph & Co. now owns 6,649 shares of the technology company’s stock worth $566,000 after acquiring an additional 837 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Amdocs by 11.1% in the 4th quarter. Fulton Bank N.A. now owns 4,482 shares of the technology company’s stock worth $382,000 after purchasing an additional 449 shares during the period. Range Financial Group LLC bought a new position in shares of Amdocs during the fourth quarter valued at approximately $1,376,000. Nordea Investment Management AB increased its holdings in Amdocs by 8.3% during the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after buying an additional 127,426 shares during the period. Finally, Dudley & Shanley Inc. raised its stake in Amdocs by 7.6% in the third quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock worth $22,905,000 after buying an additional 18,600 shares in the last quarter. 92.02% of the stock is currently 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.