Amdocs Limited (DOX) to Issue Quarterly Dividend of $0.57 on July 31st

Amdocs Limited (NASDAQ:DOX) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.569 per share by the technology company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, June 30th.

Amdocs has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Amdocs has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Amdocs to earn $7.22 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 31.4%.

Amdocs Trading Up 3.3%

Shares of DOX stock opened at $61.93 on Friday. The firm has a fifty day moving average of $65.41 and a 200-day moving average of $73.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.06 and a beta of 0.40. Amdocs has a 52-week low of $59.40 and a 52-week high of $95.41.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. Amdocs had a return on equity of 19.67% and a net margin of 11.81%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Amdocs has set its FY 2026 guidance at 7.340-7.480 EPS and its Q3 2026 guidance at 1.810-1.870 EPS. On average, equities research analysts forecast that Amdocs will post 6.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amdocs

A number of hedge funds have recently modified their holdings of DOX. Amundi raised its position in shares of Amdocs by 73.0% during the first quarter. Amundi now owns 13,778 shares of the technology company’s stock worth $1,217,000 after purchasing an additional 5,816 shares during the period. Millennium Management LLC raised its position in Amdocs by 458.3% in the 1st quarter. Millennium Management LLC now owns 67,047 shares of the technology company’s stock valued at $6,135,000 after buying an additional 55,038 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Amdocs by 12.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,146 shares of the technology company’s stock valued at $30,300,000 after buying an additional 37,087 shares during the last quarter. Empowered Funds LLC raised its position in Amdocs by 12.0% in the 1st quarter. Empowered Funds LLC now owns 15,979 shares of the technology company’s stock valued at $1,462,000 after buying an additional 1,709 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Amdocs by 195.4% during the 1st quarter. Jane Street Group LLC now owns 115,929 shares of the technology company’s stock worth $10,608,000 after purchasing an additional 76,683 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.