Posted by admin on Aug 7th, 2022 
Amdocs (NASDAQ:DOX – Get Rating) had its target price lifted by Barclays from $89.00 to $95.00 in a research report sent to investors on Thursday, Marketbeat.com reports. Barclays currently has an equal weight rating on the technology company’s stock.
A number of other brokerages have also recently issued reports on DOX. Citigroup cut their price objective on Amdocs from $93.00 to $90.00 in a report 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, May 24th. Finally, Oppenheimer restated a top pick rating on shares of Amdocs in a research note on Friday, May 13th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amdocs has a consensus rating of Buy and a consensus target price of $93.33.
Shares of DOX stock opened at $87.19 on Thursday. The stock has a market cap of $11.43 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.68. Amdocs has a one year low of $68.33 and a one year high of $88.95. The stock has a fifty day moving average price of $83.94 and a 200 day moving average price of $81.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.50 and a quick ratio of 1.50.
Amdocs (NASDAQ:DOX – Get Rating) last issued its earnings results on Wednesday, August 3rd. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. Amdocs had a return on equity of 16.34% and a net margin of 12.10%. During the same period in the previous year, the company earned $1.26 earnings per share. Analysts predict that Amdocs will post 4.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.58 annualized dividend and a yield of 1.81%. Amdocs’s dividend payout ratio (DPR) is 36.24%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its position in Amdocs by 4.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 2,880 shares of the technology company’s stock worth $239,000 after buying an additional 121 shares in the last quarter. OPSEU Pension Plan Trust Fund lifted its position in Amdocs by 1.0% during the 1st quarter. OPSEU Pension Plan Trust Fund now owns 12,507 shares of the technology company’s stock worth $1,036,000 after buying an additional 128 shares in the last quarter. Hilton Capital Management LLC lifted its position in Amdocs by 4.7% during the 4th quarter. Hilton Capital Management LLC now owns 2,949 shares of the technology company’s stock worth $221,000 after buying an additional 133 shares in the last quarter. OLD National Bancorp IN lifted its position in Amdocs by 3.2% during the 2nd quarter. OLD National Bancorp IN now owns 4,427 shares of the technology company’s stock worth $369,000 after buying an additional 137 shares in the last quarter. Finally, Greenleaf Trust lifted its position in Amdocs by 4.1% during the 1st quarter. Greenleaf Trust now owns 3,551 shares of the technology company’s stock worth $292,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.
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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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