Amdocs (NASDAQ:DOX – Get 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
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
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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