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

Amdocs Limited (NASDAQ:DOX) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $86.67.

A number of brokerages have recently issued reports on DOX. KeyCorp started coverage on shares of Amdocs in a research note on Monday, June 29th. They issued a “sector weight” rating for the company. Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research note on Wednesday, August 5th.

Institutional Investors Weigh In On Amdocs

Institutional investors and hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC boosted its position in shares of Amdocs by 82.6% during the fourth quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock worth $969,100,000 after acquiring an additional 5,443,766 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Amdocs by 0.8% during the 4th quarter. LSV Asset Management now owns 3,678,532 shares of the technology company’s stock valued at $296,159,000 after purchasing an additional 29,829 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Amdocs by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after purchasing an additional 571,036 shares during the last quarter. Brandes Investment Partners LP grew its position in shares of Amdocs by 2.8% during the fourth quarter. Brandes Investment Partners LP now owns 2,714,965 shares of the technology company’s stock valued at $218,583,000 after purchasing an additional 74,244 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Amdocs by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,852,587 shares of the technology company’s stock valued at $151,141,000 after purchasing an additional 16,301 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

NASDAQ DOX opened at $57.85 on Friday. The business’s fifty day moving average is $58.62 and its 200 day moving average is $60.04. Amdocs has a fifty-two week low of $49.74 and a fifty-two week high of $85.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $6.24 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.02 and a beta of 0.42.

Amdocs (NASDAQ:DOX) last posted 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 return on equity of 20.28% and a net margin of 9.75%.The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $1.72 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that Amdocs will post 6.56 earnings per share for the current year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a $0.5690 dividend. This represents a $2.28 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, September 30th. Amdocs’s dividend payout ratio is presently 54.29%.

About Amdocs

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.