Amdocs Limited (NASDAQ:DOX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Amdocs Limited (NASDAQ:DOX) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $101.83.

Several research analysts have recently commented on the stock. Stifel Nicolaus initiated coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target for the company. Oppenheimer upped their target price on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Barclays lowered their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th.

Hedge Funds Weigh In On Amdocs

Several large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in shares of Amdocs by 1.7% in the third quarter. Janus Henderson Group PLC now owns 6,625,875 shares of the technology company’s stock valued at $579,632,000 after acquiring an additional 111,357 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Amdocs by 12.3% in the third quarter. Pzena Investment Management LLC now owns 6,363,739 shares of the technology company’s stock valued at $556,700,000 after purchasing an additional 696,136 shares in the last quarter. LSV Asset Management boosted its position in Amdocs by 7.9% during the 2nd quarter. LSV Asset Management now owns 3,207,155 shares of the technology company’s stock worth $253,109,000 after acquiring an additional 234,096 shares during the period. Allspring Global Investments Holdings LLC grew its position in Amdocs by 36.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company’s stock valued at $277,818,000 after purchasing an additional 851,022 shares in the last quarter. Finally, Brandes Investment Partners LP increased its stake in shares of Amdocs by 31.1% in the second quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock worth $178,335,000 after acquiring an additional 536,359 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $87.18 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.74. Amdocs has a twelve month low of $74.41 and a twelve month high of $94.04. The business has a 50 day simple moving average of $88.08 and a 200-day simple moving average of $84.03.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s payout ratio is currently 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.