- Amdocs has returned 35%+ since my initial Seeking Alpha coverage of the company in September of last year. Since that bullish piece, the dividend was increased 10%.
- Free-cash-flow generation continues to be impressive and the large cash position ($1 billion+) bodes well for shareholders going forward.
- The recent T-Mobile/Spring merger is a positive tailwind given DOX's long-time and strong relationship with T-Mobile.
- DOX currently yields 1.84%, which is still considerably higher than the current US 10-year Treasury yield of only 1.25%. Yet the bigger opportunity for investors will likely be large share buybacks.
For further details see:
Amdocs: Excellent FCF Generator And $1 Billion+ In Cash Bodes Well For Shareholders