DOX - Amdocs: A Buy On Many Levels
2024-01-30 18:51:10 ET
Summary
- Amdocs Limited is a company in the IT sector that provides software and services for communications service providers.
- The company has a growing and well-covered dividend, with plans to increase its quarterly dividend in 2024.
- Amdocs has a pristine balance sheet with a low debt-to-asset ratio and a decreasing number of common shares outstanding.
- I rate the stock a Buy here backed by the factors above and its competitive positioning.
Amdocs Limited ( DOX ) will always remain close to my heart, although I never worked there or invested in its stock. A close friend of mine was hired by Amdocs when they visited our college campus for a networking event in 2008/09. That may have been the worst time to graduate with a MBA degree and while everyone was busy attending events after events, this one guy was hired at a networking event casually because his profile was tailor-made for Amdocs: a communications guru who understood business strategy....
Amdocs: A Buy On Many Levels