Amdocs Limited (NASDAQ:DOX) Declares Dividend Increase – $0.53 Per Share

Amdocs Limited (NASDAQ:DOX) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.527 per share by the technology company on Sunday, April 20th. This represents a $2.11 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Amdocs’s previous quarterly dividend of $0.48.

Amdocs has increased its dividend by an average of 10.0% per year over the last three years. Amdocs has a payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Amdocs to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 28.4%.

Amdocs Stock Down 2.5 %

Shares of DOX opened at $85.96 on Friday. Amdocs has a 1 year low of $74.41 and a 1 year high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20. The business’s 50 day simple moving average is $85.98 and its 200-day simple moving average is $86.41. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 9.85% and a return on equity of 18.69%. As a group, equities analysts expect that Amdocs will post 6.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

DOX has been the subject of a number of recent analyst reports. Barclays lowered their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Oppenheimer raised their target price on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amdocs has an average rating of “Buy” and a consensus price target of $101.20.

About Amdocs

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.