Public Employees Retirement System of Ohio Buys Shares of 61,195 AudioCodes Ltd. $AUDC

Public Employees Retirement System of Ohio purchased a new position in shares of AudioCodes Ltd. (NASDAQ:AUDC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 61,195 shares of the communications equipment provider’s stock, valued at approximately $592,000.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in AudioCodes during the second quarter worth approximately $43,000. Barclays PLC grew its stake in shares of AudioCodes by 3,621.4% during the 4th quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock valued at $64,000 after buying an additional 7,098 shares during the period. Jump Financial LLC purchased a new stake in shares of AudioCodes during the 2nd quarter valued at $127,000. NewEdge Advisors LLC acquired a new stake in shares of AudioCodes during the 4th quarter worth $150,000. Finally, SIH Partners LLLP acquired a new stake in shares of AudioCodes during the 3rd quarter worth $170,000. 68.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AUDC. Weiss Ratings upgraded AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Insiders Place Their Bets

In related news, Director Zehava Simon sold 27,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $9.91, for a total value of $267,570.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lior Aldema sold 2,812 shares of AudioCodes stock in a transaction on Monday, August 10th. The shares were sold at an average price of $9.98, for a total value of $28,063.76. Following the transaction, the executive vice president owned 104,065 shares in the company, valued at approximately $1,038,568.70. This trade represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 42,374 shares of company stock valued at $420,928. 48.80% of the stock is owned by company insiders.

AudioCodes Stock Performance

AUDC stock opened at $9.03 on Friday. AudioCodes Ltd. has a 1 year low of $6.95 and a 1 year high of $10.86. The firm has a market cap of $218.07 million, a P/E ratio of 34.73 and a beta of 0.98. The stock has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $9.16.

AudioCodes (NASDAQ:AUDC) last released its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. AudioCodes had a net margin of 2.83% and a return on equity of 6.79%. The firm had revenue of $62.96 million for the quarter, compared to the consensus estimate of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were paid a $0.20 dividend. This represents a yield of 413.0%. The ex-dividend date was Wednesday, August 19th. AudioCodes’s payout ratio is presently 153.85%.

AudioCodes Company Profile

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.