Amdocs - DOX Stock Forecast, Price & News

Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; 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; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers. It also offers AI-powered, cloud-native, and home operating systems; data intelligence solutions and applications; media services for media publishers, TV networks, and video streaming and service providers; end-to-end application development and maintenance services; and ongoing services. In addition, the company provides a line of services designed for various stages of a service provider's lifecycle includes design, delivery, quality engineering, operations, systems integration, mobile network services, consulting, and content services; managed services comprising application development, modernization and maintenance, IT and infrastructure services, testing and professional services that are designed to assist customers in the selection, implementation, operation, management, and maintenance of IT systems. It serves to the communications, cable and satellite, entertainment, and media industry service providers, as well as mobile virtual network operators and directory publishers. Amdocs Limited was founded in 1988 and is headquartered in Saint Louis, Missouri.

Analyst Ratings Changes

A number of research analysts recently weighed in on DOX shares. Citigroup raised their price target on shares of Amdocs from $90.00 to $99.00 and gave the company a "buy" rating in a research note on Thursday, August 4th. Oppenheimer reissued a "top pick" rating on shares of Amdocs in a research note on Friday, May 13th. StockNews.com raised shares of Amdocs from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 24th. Finally, Barclays raised their target price on shares of Amdocs from $89.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $93.33.

Amdocs Stock Up 0.4 %

Shares of NASDAQ:DOX opened at $89.34 on Tuesday. The company has a 50 day simple moving average of $84.09 and a 200-day simple moving average of $82.27. The company has a market capitalization of $11.71 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.60 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.59 and a quick ratio of 1.50. Amdocs has a 1 year low of $68.33 and a 1 year high of $89.34.

Amdocs (NASDAQ:DOX - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. Amdocs had a net margin of 12.10% and a return on equity of 16.37%. During the same quarter in the prior year, the company posted $1.26 earnings per share. On average, equities research analysts predict that Amdocs will post 4.84 earnings per share for the current year.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.395 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.77%. Amdocs's dividend payout ratio is currently 36.24%.