Amdocs Limited (NASDAQ:DOX) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analysts have a consensus “Hold” rating on Amdocs, with one sell, four hold, and three buy recommendations; the average 12-month price target is $78.33.
• Amdocs reported quarterly earnings of $1.98 per share and revenue of $1.19 billion, both in line with consensus, while revenue rose 3.8% year over year.
• The company declared a quarterly dividend of $0.569 per share, equivalent to $2.28 annually and a reported 5.4% yield.

Amdocs Limited (NASDAQ:DOX - Get Free Report) has received a consensus rating of "Hold" from the eight ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $78.33.

DOX has been the subject of a number of research reports. Weiss Ratings raised Amdocs from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 23rd. Stifel Nicolaus dropped their price target on Amdocs from $71.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday. Wall Street Zen lowered Amdocs from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Oppenheimer lowered Amdocs from an "outperform" rating to a "market perform" rating in a research note on Wednesday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpine Bank Wealth Management raised its stake in shares of Amdocs by 58.2% in the 3rd quarter. Alpine Bank Wealth Management now owns 500 shares of the technology company's stock valued at $29,000 after acquiring an additional 184 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Amdocs in the 3rd quarter valued at $57,000. Versant Capital Management Inc raised its position in Amdocs by 3,340.6% in the third quarter. Versant Capital Management Inc now owns 1,101 shares of the technology company's stock valued at $63,000 after purchasing an additional 1,069 shares during the period. Farther Finance Advisors LLC raised its position in Amdocs by 16.4% in the third quarter. Farther Finance Advisors LLC now owns 1,292 shares of the technology company's stock valued at $74,000 after purchasing an additional 182 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Amdocs by 65.7% during the second quarter. GAMMA Investing LLC now owns 1,725 shares of the technology company's stock worth $87,000 after purchasing an additional 684 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Down 4.0%

Shares of NASDAQ DOX traded down $1.74 on Friday, reaching $42.09. 4,358,971 shares of the company traded hands, compared to its average volume of 946,788. Amdocs has a fifty-two week low of $40.48 and a fifty-two week high of $85.63. The company has a 50 day moving average of $59.49 and a 200 day moving average of $61.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $4.54 billion, a PE ratio of 9.01, a P/E/G ratio of 1.01 and a beta of 0.42.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.98 earnings per share for the quarter, hitting analysts' consensus estimates of $1.98. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $1.83 earnings per share. Amdocs's revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Amdocs will post 7.12 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 31st will be issued a $0.5690 dividend. The ex-dividend date is Thursday, December 31st. This represents a $2.28 annualized dividend and a yield of 5.4%. Amdocs's dividend payout ratio (DPR) is presently 48.82%.

About Amdocs

Amdocs Ltd. 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, billing, subscriptions, product offerings and digital experiences across consumer and enterprise markets.

The company's portfolio includes business support systems and operational support systems, cloud-based software, artificial intelligence and automation tools, network and service management platforms, and solutions for media distribution and monetization.

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