Brokerages Set Amdocs Limited (NASDAQ:DOX) Price Target at $101.20

Shares of Amdocs Limited (NASDAQ:DOX) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $101.20.

Separately, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th.

Amdocs Price Performance

NASDAQ:DOX opened at $85.82 on Friday. Amdocs has a one year low of $74.41 and a one year high of $93.34. The stock has a market cap of $9.69 billion, a PE ratio of 19.91, a P/E/G ratio of 1.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The stock has a 50 day moving average price of $87.14 and a 200 day moving average price of $87.03.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. Equities research analysts expect that Amdocs will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.46%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs’s payout ratio is presently 48.72%.

Institutional Investors Weigh In On Amdocs

A number of hedge funds have recently bought and sold shares of the stock. Carolina Wealth Advisors LLC acquired a new stake in Amdocs in the first quarter valued at approximately $6,581,000. Money Concepts Capital Corp increased its position in shares of Amdocs by 22.7% in the 1st quarter. Money Concepts Capital Corp now owns 8,246 shares of the technology company’s stock valued at $754,000 after purchasing an additional 1,526 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Amdocs by 4.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 122,335 shares of the technology company’s stock valued at $11,194,000 after purchasing an additional 5,367 shares in the last quarter. Diversified Trust Co lifted its position in shares of Amdocs by 0.8% during the 1st quarter. Diversified Trust Co now owns 60,836 shares of the technology company’s stock worth $5,566,000 after purchasing an additional 497 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Amdocs by 0.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 525,068 shares of the technology company’s stock worth $48,044,000 after purchasing an additional 4,359 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

About Amdocs

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.