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

Amdocs (NASDAQ:DOXGet Rating) announced its earnings results on Wednesday. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14, Fidelity Earnings reports. Amdocs had a net margin of 12.10% and a return on equity of 16.34%. During the same quarter in the prior year, the company posted $1.26 EPS.

Amdocs Stock Down 0.4 %

Amdocs stock traded down $0.35 during mid-day trading on Friday, hitting $87.19. 633,940 shares of the company’s stock were exchanged, compared to its average volume of 653,549. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.43 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.80 and a beta of 0.68. Amdocs has a 1-year low of $68.33 and a 1-year high of $88.95. The stock has a 50 day moving average of $83.94 and a two-hundred day moving average of $81.63.

Amdocs Dividend Announcement

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

Hedge Funds Weigh In On Amdocs

Several hedge funds have recently bought and sold shares of DOX. JPMorgan Chase & Co. bought a new stake in Amdocs during the first quarter valued at about $7,002,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Amdocs by 6.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,833 shares of the technology company’s stock valued at $973,000 after acquiring an additional 665 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Amdocs by 40.5% during the first quarter. PNC Financial Services Group Inc. now owns 13,332 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,840 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Amdocs by 3.2% during the first quarter. Great West Life Assurance Co. Can now owns 46,252 shares of the technology company’s stock valued at $4,041,000 after acquiring an additional 1,446 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in Amdocs by 6.4% during the first quarter. Yousif Capital Management LLC now owns 6,770 shares of the technology company’s stock valued at $557,000 after acquiring an additional 405 shares during the period. 87.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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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