Amdocs (NASDAQ:DOX) Issues Earnings Results, Beats Expectations By $0.14 EPS

Amdocs (NASDAQ:DOXGet Rating) announced its quarterly earnings results on Wednesday. The technology company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14, Fidelity Earnings reports. Amdocs had a return on equity of 16.34% and a net margin of 12.10%. During the same period last year, the business earned $1.26 earnings per share.

Amdocs Stock Down 0.4 %

Shares of DOX traded down $0.35 during trading hours on Friday, hitting $87.19. The company had a trading volume of 633,940 shares, compared to its average volume of 653,549. The firm has a fifty day moving average price of $83.94 and a 200-day moving average price of $81.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.80 and a beta of 0.68. Amdocs has a 52-week low of $68.33 and a 52-week high of $88.95.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be given a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, September 29th. Amdocs’s dividend payout ratio is presently 36.24%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays raised their price target on Amdocs from $89.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday. Citigroup raised their price objective on Amdocs from $90.00 to $99.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 24th. Finally, Oppenheimer reissued a “top pick” rating on shares of Amdocs in a research report on Friday, May 13th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $94.75.

Hedge Funds Weigh In On Amdocs

Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in Amdocs by 40.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,332 shares of the technology company’s stock worth $1,097,000 after buying an additional 3,840 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Amdocs by 6.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,833 shares of the technology company’s stock worth $973,000 after buying an additional 665 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Amdocs in the 1st quarter worth about $935,000. Toroso Investments LLC increased its holdings in Amdocs by 247.9% in the 1st quarter. Toroso Investments LLC now owns 10,673 shares of the technology company’s stock worth $877,000 after buying an additional 7,605 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Amdocs in the 1st quarter worth about $691,000. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Amdocs Company Profile

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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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Earnings History for Amdocs (NASDAQ:DOX)

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