Posted by admin on May 25th, 2022 
Amdocs (NASDAQ:DOX – Get Rating) updated its third quarter 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.23-$1.29 for the period, compared to the consensus estimate of $1.30. The company issued revenue guidance of $1.14 billion-$1.18 billion, compared to the consensus revenue estimate of $1.09 billion.Amdocs also updated its FY 2022 guidance to $5.16-$5.30 EPS.
DOX has been the subject of a number of research analyst reports. Citigroup dropped their price target on shares of Amdocs from $93.00 to $90.00 in a research note on Thursday, May 12th. StockNews.com upgraded shares of Amdocs from a buy rating to a strong-buy rating in a research note on Tuesday. Finally, Oppenheimer reiterated a top pick rating on shares of Amdocs in a research note on Friday, May 13th.
Amdocs stock opened at $84.62 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.50 and a current ratio of 1.50. Amdocs has a 1 year low of $68.33 and a 1 year high of $85.81. The firm’s 50-day moving average is $81.87 and its 200-day moving average is $77.79. The company has a market cap of $11.09 billion, a P/E ratio of 18.97, a PEG ratio of 1.76 and a beta of 0.71.
Amdocs (NASDAQ:DOX – Get Rating) last issued its earnings results on Wednesday, May 11th. The technology company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.31. Amdocs had a net margin of 12.76% and a return on equity of 16.78%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $1.05 earnings per share. As a group, sell-side analysts predict that Amdocs will post 4.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be given a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, June 29th. Amdocs’s dividend payout ratio (DPR) is presently 35.43%.
A number of institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its holdings in shares of Amdocs by 13.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,227 shares of the technology company’s stock worth $92,000 after acquiring an additional 142 shares during the period. Synovus Financial Corp grew its position in shares of Amdocs by 4.0% in the 4th quarter. Synovus Financial Corp now owns 5,619 shares of the technology company’s stock valued at $418,000 after purchasing an additional 216 shares during the period. Brinker Capital Investments LLC lifted its holdings in shares of Amdocs by 1.3% in the first quarter. Brinker Capital Investments LLC now owns 23,539 shares of the technology company’s stock valued at $1,935,000 after purchasing an additional 309 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Amdocs by 6.1% during the fourth quarter. Cetera Investment Advisers now owns 6,063 shares of the technology company’s stock worth $454,000 after purchasing an additional 350 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Amdocs by 6.4% during the 1st quarter. Yousif Capital Management LLC now owns 6,770 shares of the technology company’s stock worth $557,000 after purchasing an additional 405 shares during the last quarter. 87.09% of the stock is owned by hedge funds and other institutional investors.
Amdocs Company Profile (Get Rating)
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.
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