Public Employees Retirement System of Ohio Purchases New Holdings in AudioCodes Ltd. $AUDC

Public Employees Retirement System of Ohio bought a new position in shares of AudioCodes Ltd. (NASDAQ:AUDC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 61,195 shares of the communications equipment provider’s stock, valued at approximately $592,000. Public Employees Retirement System of Ohio owned about 0.25% of AudioCodes at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AUDC. Raymond James Financial Inc. purchased a new position in shares of AudioCodes during the second quarter worth approximately $43,000. Jane Street Group LLC grew its position in shares of AudioCodes by 14.2% during the 1st quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock worth $449,000 after buying an additional 5,938 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of AudioCodes by 29.4% during the fourth quarter. Engineers Gate Manager LP now owns 26,871 shares of the communications equipment provider’s stock valued at $235,000 after buying an additional 6,098 shares during the period. Jump Financial LLC grew its holdings in AudioCodes by 24.0% during the 4th quarter. Jump Financial LLC now owns 34,955 shares of the communications equipment provider’s stock worth $305,000 after acquiring an additional 6,755 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in AudioCodes by 9.0% during the 1st quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider’s stock valued at $718,000 after purchasing an additional 7,019 shares during the period. 68.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, 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 transaction of $28,063.76. Following the sale, the executive vice president directly owned 104,065 shares in the company, valued at $1,038,568.70. This trade represents a 2.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Zehava Simon sold 27,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $9.91, for a total transaction of $267,570.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,374 shares of company stock worth $420,928 over the last ninety days. Insiders own 48.80% of the company’s stock.

Analysts Set New Price Targets

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

AudioCodes Stock Down 7.2%

AUDC opened at $9.03 on Friday. AudioCodes Ltd. has a twelve month low of $6.95 and a twelve month high of $10.86. The company has a market cap of $218.07 million, a PE ratio of 34.73 and a beta of 0.98. The company has a 50-day moving average price of $9.84 and a 200 day moving average price of $9.16.

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

AudioCodes Announces Dividend

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

AudioCodes 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.