Amdocs (NASDAQ:DOX) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Amdocs (NASDAQ:DOX) in a report issued on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $100.00 price objective on the technology company’s stock.

Separately, StockNews.com upgraded shares of Amdocs from a buy rating to a strong-buy rating in a research note on Friday, September 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $102.00.

Amdocs Stock Performance

Shares of DOX stock opened at $88.19 on Wednesday. Amdocs has a 12 month low of $74.41 and a 12 month high of $94.04. The company has a market cap of $10.37 billion, a P/E ratio of 19.82, a PEG ratio of 1.54 and a beta of 0.74. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $85.60 and a 200 day moving average price of $83.66.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts predict that Amdocs will post 5.67 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be given a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, September 30th. Amdocs’s dividend payout ratio is 42.92%.

Institutional Trading of Amdocs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOX. Natixis Advisors LLC increased its holdings in shares of Amdocs by 0.4% during the 2nd quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock worth $2,150,000 after purchasing an additional 120 shares during the period. Raymond James Trust N.A. grew its position in Amdocs by 2.3% during the second quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock worth $457,000 after buying an additional 129 shares in the last quarter. Y.D. More Investments Ltd increased its stake in Amdocs by 1.5% during the second quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock valued at $741,000 after acquiring an additional 139 shares during the period. New York State Teachers Retirement System raised its holdings in Amdocs by 1.3% in the 1st quarter. New York State Teachers Retirement System now owns 10,719 shares of the technology company’s stock valued at $969,000 after acquiring an additional 141 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in shares of Amdocs by 5.4% in the 1st quarter. First Affirmative Financial Network now owns 3,085 shares of the technology company’s stock worth $279,000 after acquiring an additional 157 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

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.