Amdocs Limited (NASDAQ:DOX) Announces $0.57 Quarterly Dividend

Amdocs Limited (NASDAQ:DOX) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.569 per share by the technology company on Friday, October 30th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, September 30th.

Amdocs has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Amdocs has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amdocs to earn $7.19 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 31.6%.

Amdocs Stock Down 2.5%

DOX stock opened at $55.29 on Thursday. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.99 and a beta of 0.40. The company has a 50-day moving average of $54.54 and a two-hundred day moving average of $63.50. Amdocs has a 52-week low of $49.74 and a 52-week high of $90.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98.

Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, August 6th. The technology company reported $1.84 earnings per share for the quarter, meeting the consensus estimate of $1.84. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 EPS. As a group, equities research analysts anticipate that Amdocs will post 6.56 EPS for the current year.

Institutional Investors Weigh In On Amdocs

A number of institutional investors have recently added to or reduced their stakes in DOX. Wedge Capital Management L L P NC grew its stake in shares of Amdocs by 39.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 82,765 shares of the technology company’s stock valued at $4,183,000 after purchasing an additional 23,315 shares during the period. Wasatch Advisors LP lifted its position in shares of Amdocs by 20.6% during the 2nd quarter. Wasatch Advisors LP now owns 72,072 shares of the technology company’s stock worth $3,643,000 after buying an additional 12,315 shares during the period. Fulton Bank N.A. boosted its stake in Amdocs by 8.5% in the 2nd quarter. Fulton Bank N.A. now owns 4,667 shares of the technology company’s stock valued at $236,000 after buying an additional 367 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Amdocs in the second quarter valued at $235,000. Finally, Martin Capital Partners LLC bought a new stake in Amdocs in the second quarter valued at $201,000. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Company Profile

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.