Amdocs (DOX)
Builds and operates the billing, customer-care, and network software behind major telecom operators.
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Builds and runs the back-end software telecom operators use to bill subscribers, manage accounts, and process orders, plus network tools for 5G charging and policy control. Delivery leans heavily on long-term managed-services contracts with a small set of large North American carriers, rather than one-off software sales.
Grew out of an Israeli phone-directory business founded in 1982 into the software that telecom operators use to bill subscribers, manage customer accounts, and process orders across post-paid and pre-paid plans.
Decades of acquisitions added network-domain tools — 5G charging, policy control, network optimization — plus media and content-licensing services, alongside more recent moves into cloud migration and generative-AI consulting for the same carrier customers.
Most of that work is delivered as multi-year managed-services engagements rather than one-off licenses, concentrated among a handful of large North American carriers that together generate most of the revenue. Development runs out of Israel and India, commercial operations are based in the US, and the parent company is incorporated in Guernsey.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 29, 2026 | KeyBanc | Initiate | Rating: — | |
| May 14, 2026 | Stifel Nicolaus | Target | Target: $88 | Target: $71 |
| Feb 4, 2026 | Stifel Nicolaus | Target | Target: $100 | Target: $88 |
| Feb 4, 2026 | Barclays | Target | Target: $95 | Target: $92 |
| Nov 13, 2025 | Wolfe Research | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $206.5M · Total debt $1.09B · Total assets $6.42B · Shareholders' equity $3.29B
- Revenue
- $1.17B
- Operating income
- $211.0M
- Net income
- $62.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | 97.27% | 104.64M ADS | |
|---|---|---|---|
| 465 holders · as of Jun 30, 2026 | |||
| Insiders | 1.22% | 1.31M ADS | |
| 13 holders · as of Jun 10, 2026 | |||
| Other | 1.51% | 1.62M ADS | |
| remainder | |||
107.57M ADS as of Aug 29, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Sep 2024 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Pzena Investment Management LLCInstitution | 13.00% | 13.99M ADS | as of Jun 30, 2026 |
FMR LLCInstitution | 9.33% | 10.03M ADS | as of Jun 30, 2026 |
Beutel, Goodman & Co Ltd.Institution | 4.29% | 4.61M ADS | as of Jun 30, 2026 |
Brandes Investment Partners, LPInstitution | 4.26% | 4.58M ADS | as of Jun 30, 2026 |
LSV Asset ManagementInstitution | 4.19% | 4.51M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 29, 2026 | Matthew E. Smith | officer: See Remarks | −464 | $62.51 |
- Oracle
Head-to-head in telecom billing, charging and cloud-bundled monetization
- Ericsson (ADR)
Competes in 5G monetization and BSS/OSS bundled with network equipment
- Accenture
Leading rival for large-scale telecom digital transformation consulting
- Nokia (ADR)
Rival in digital BSS/OSS and 5G monetization, paired with network gear
- Infosys (ADR)
Competes via offshore-led custom BSS/OSS builds and CSP system integration
- Salesforce
Cloud-native CRM challenger in telecom customer engagement and orders
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| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Amdocs | $58.79 | −0.03% | $6.40B | 14.2 | 7.5 | 1.4 | +2.7% |
| Oracle | $149.12 | −0.02% | $427.95B | 23.3 | 17.5 | 6.0 | +29.6% |
| Ericsson (ADR) | $9.82 | −0.05% | $33.66B | 13.6 | 20.0 | 1.4 | −5.4% |
| Accenture | $183.87 | +0.08% | $113.89B | 14.9 | 12.8 | 1.6 | +5.6% |
| Nokia (ADR) | $10.76 | −0.74% | $59.11B | 77.4 | 25.7 | 2.5 | +2.3% |
| Infosys (ADR) | $10.76 | −0.09% | $44.19B | 13.4 | 13.2 | 2.2 | +1.0% |
| Salesforce | $233.15 | −0.04% | $193.63B | 21.6 | 15.9 | 4.4 | +10.8% |
| Median | 18.2 | 16.7 | 2.4 | +3.9% |