Amdocs Limited (DOX) To Go Ex-Dividend on December 31st

Amdocs Limited (NASDAQ:DOX) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.479 per share by the technology company on Friday, January 31st. This represents a $1.92 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, December 31st.

Amdocs has increased its dividend by an average of 9.9% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Amdocs has a payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Amdocs to earn $6.88 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 27.9%.

Amdocs Trading Down 2.0 %

Shares of Amdocs stock opened at $83.98 on Friday. The business has a fifty day simple moving average of $88.18 and a 200-day simple moving average of $83.96. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74. Amdocs has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DOX. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday. Stifel Nicolaus initiated coverage on Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 target price on the stock. Oppenheimer increased their price target on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Barclays lowered their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $101.83.

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.