Amdocs (NASDAQ:DOX) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Amdocs (NASDAQ:DOXFree Report) in a research report sent to investors on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $100.00 price target on the technology company’s stock.

Separately, StockNews.com raised Amdocs from a buy rating to a strong-buy rating in a research note on Friday, September 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $102.00.

View Our Latest Stock Report on DOX

Amdocs Stock Up 0.0 %

Shares of NASDAQ DOX opened at $88.19 on Wednesday. Amdocs has a 12-month low of $74.41 and a 12-month high of $94.04. The firm’s 50-day simple moving average is $85.60 and its 200 day simple moving average is $83.66. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74.

Amdocs (NASDAQ:DOXGet Free Report) last announced its earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business earned $1.41 earnings per share. Amdocs’s quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts expect that Amdocs will post 5.67 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 25th. Investors of record on Monday, September 30th will be issued a $0.479 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.17%. Amdocs’s dividend payout ratio is currently 42.92%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Norwood Financial Corp acquired a new position in Amdocs during the first quarter valued at approximately $33,000. Central Pacific Bank Trust Division acquired a new position in shares of Amdocs in the 1st quarter valued at $53,000. Riverview Trust Co bought a new stake in shares of Amdocs in the 1st quarter valued at $55,000. Quarry LP raised its stake in Amdocs by 168.9% during the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock worth $58,000 after buying an additional 412 shares during the period. Finally, American National Bank bought a new position in Amdocs during the second quarter worth about $76,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Amdocs (NASDAQ:DOX)

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