Stocks of Amdocs Limited (NASDAQ:DOX) traded higher last session on Wall Street, down -4.14% to $88.93.
According to the data, Amdocs Limited (NASDAQ:DOX) has 7 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $115.00 and a low of $100.00, we find $109.00. Given the previous closing price of $92.77, this indicates a potential upside of 17.49 percent. DOX stock price is now -7.06% away from the 50-day moving average and -2.84% away from the 200-day moving average. The market capitalization of the company currently stands at $10.77B.
A total of 2 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $108.00 as their price target over the next twelve months.
With the price target enhanced from $100 to $115, Barclays Upgraded its rating from Equal Weight to Overweight for Amdocs Limited (NASDAQ: DOX).
A total of 4.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DOX stock. A new stake in Amdocs Limited shares was purchased by PAYDEN & RYGEL during the first quarter worth $34,594,000. AGF INVESTMENTS INC. invested $33,349,000 in shares of DOX during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Amdocs Limited valued at approximately $32,895,000. HOWE & RUSLING INC acquired a new stake in DOX for approximately $6,385,000. FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND purchased a new stake in DOX valued at around $2,668,000 in the second quarter. In total, there are 681 active investors with 98.40% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $93.02 for Amdocs Limited (NASDAQ: DOX). During the past 12 months, Amdocs Limited has had a low of $78.02 and a high of $99.75. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.60, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $11.27B, which is based on a 20.07 price-to-earnings ratio, a 1.99 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for DOX is $95.58 and a two-hundred day moving average price translates $91.58 for the stock.
The latest earnings results from Amdocs Limited (NASDAQ: DOX) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.47, inline with analysts’ expectations of $1.47. This compares to $1.28 EPS in the same period last year. The net profit margin was 11.20% and return on equity was 14.90% for DOX. The company reported revenue of $1.22 billion for the quarter, compared to $1.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.81 percent. For the current quarter, analysts expect DOX to generate $1.24B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/28/2023. Investors who held shares on 06/30/2023 were paid a $0.435 dividend. On an annualized basis, this represents a $1.74 dividend and a 1.96% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, DOX is presently at 35.40%.
Amdocs Limited(DOX) 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 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. It also offers AI-powered, cloud-native, and home operating systems; data intelligence solutions and applications; media services for media publishers, TV networks, and video streaming and service providers; end-to-end application development and maintenance services; and ongoing services. In addition, the company provides a line of services designed for various stages of a service provider’s lifecycle includes design, delivery, quality engineering, operations, systems integration, mobile network services, consulting, and content services; managed services comprising application development, modernization and maintenance, IT and infrastructure services, testing and professional services that are designed to assist customers in the selection, implementation, operation, management, and maintenance of IT systems. It serves to the communications, cable and satellite, entertainment, and media industry service providers, as well as mobile virtual network operators and directory publishers. Amdocs Limited was founded in 1988 and is headquartered in Saint Louis, Missouri.
