Amdocs Limited (NASDAQ:DOX) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Amdocs has a consensus “Hold” rating from seven analysts: three rate it a buy, three a hold, and one a sell. The average 12-month price target is $86.67, compared with a recent share price of $61.92.
• Institutional investors and hedge funds own 92.02% of Amdocs, with several firms recently initiating or increasing positions.
• Amdocs declared a quarterly dividend of $0.569 per share, equivalent to $2.28 annually and a 3.7% yield; the dividend has a payout ratio of 54.29%.

Amdocs Limited (NASDAQ:DOX - Get Free Report) has earned an average recommendation of "Hold" from the seven research firms that are currently covering the firm, Marketbeat.com reports. One investment 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 12-month price target among brokers that have updated their coverage on the stock in the last year is $86.6667.

Several equities research analysts have commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Amdocs in a research note on Wednesday, August 5th. Wall Street Zen cut Amdocs from a "buy" rating to a "hold" rating in a report on Sunday, July 5th. KeyCorp assumed coverage on shares of Amdocs in a research report on Monday, June 29th. They set a "sector weight" rating for the company. Stifel Nicolaus reduced their price target on shares of Amdocs from $88.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, May 14th. Finally, Cfra downgraded shares of Amdocs to a "sell" rating in a research note on Thursday, May 14th.

Institutional Trading of Amdocs

Large investors have recently added to or reduced their stakes in the stock. WealthCollab LLC boosted its position in shares of Amdocs by 94.5% in the third quarter. WealthCollab LLC now owns 356 shares of the technology company's stock worth $29,000 after buying an additional 173 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in Amdocs in the 4th quarter worth approximately $37,000. Los Angeles Capital Management LLC acquired a new stake in Amdocs in the fourth quarter valued at approximately $39,000. Advisory Services Network LLC acquired a new position in shares of Amdocs during the third quarter worth $42,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Amdocs by 190.2% in the third quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company's stock valued at $49,000 after purchasing an additional 390 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Trading Up 0.9%

Shares of NASDAQ DOX traded up $0.52 during trading on Monday, hitting $61.92. 32,003 shares of the company traded hands, compared to its average volume of 1,289,529. The firm has a market capitalization of $6.68 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.07 and a beta of 0.40. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $54.25 and a 200-day moving average price of $61.50. Amdocs has a 1 year low of $49.74 and a 1 year high of $88.29.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.569 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.7%. Amdocs's payout ratio is presently 54.29%.

About Amdocs

Amdocs NASDAQ: DOX is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs' product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra'anana, Israel.

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