Amdocs Limited (NASDAQ:DOX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Amdocs Limited (NASDAQ:DOX) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $101.20.

Several research analysts have recently commented on the stock. Barclays lowered their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Private Trust Co. NA increased its position in Amdocs by 62.9% in the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after buying an additional 117 shares during the period. Brooklyn Investment Group acquired a new position in Amdocs in the third quarter worth $28,000. Global Retirement Partners LLC boosted its stake in Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Amdocs in the third quarter worth $55,000. Finally, GAMMA Investing LLC lifted its stake in shares of Amdocs by 115.1% during the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after acquiring an additional 428 shares during the period. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Down 0.9 %

Shares of DOX opened at $87.39 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $9.87 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.47 and a beta of 0.71. The firm has a 50-day moving average price of $85.97 and a 200 day moving average price of $86.35. Amdocs has a 12-month low of $74.41 and a 12-month high of $94.04.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

Amdocs Company Profile

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.