Amdocs Limited (NASDAQ:DOX) Short Interest Update

Amdocs Limited (NASDAQ:DOX) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 2,810,000 shares, a growth of 5.2% from the August 31st total of 2,670,000 shares. Based on an average trading volume of 653,400 shares, the short-interest ratio is presently 4.3 days. Approximately 2.5% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amdocs has a consensus rating of “Buy” and a consensus price target of $102.50.

Institutional Trading of Amdocs

A number of hedge funds and other institutional investors have recently bought and sold shares of DOX. Norwood Financial Corp bought a new stake in shares of Amdocs during the 1st quarter valued at about $33,000. Central Pacific Bank Trust Division purchased a new position in Amdocs in the 1st quarter worth approximately $53,000. Riverview Trust Co bought a new position in shares of Amdocs in the 1st quarter worth $55,000. Quarry LP raised its position in shares of Amdocs by 168.9% during the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after buying an additional 412 shares in the last quarter. Finally, American National Bank bought a new stake in shares of Amdocs during the 2nd quarter worth $76,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of DOX stock opened at $87.38 on Wednesday. The firm’s 50 day moving average is $85.32 and its 200 day moving average is $83.71. The stock has a market capitalization of $10.27 billion, a P/E ratio of 19.64, a PEG ratio of 1.54 and a beta of 0.74. Amdocs has a 12 month low of $74.41 and a 12 month high of $94.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business posted $1.41 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Amdocs will post 5.67 earnings per share for the current year.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a dividend of $0.479 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.19%. Amdocs’s dividend payout ratio is currently 42.92%.

Amdocs 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 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.