AudioCodes Ltd. $AUDC Shares Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. boosted its holdings in AudioCodes Ltd. (NASDAQ:AUDC) by 15.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,028,850 shares of the communications equipment provider’s stock after buying an additional 138,300 shares during the quarter. Heartland Advisors Inc. owned 3.59% of AudioCodes worth $9,795,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of AudioCodes during the 2nd quarter worth $43,000. Jump Financial LLC purchased a new stake in shares of AudioCodes during the second quarter valued at $127,000. Cubist Systematic Strategies LLC boosted its position in shares of AudioCodes by 56.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock valued at $185,000 after purchasing an additional 7,052 shares during the period. Exchange Traded Concepts LLC increased its stake in AudioCodes by 4.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 27,217 shares of the communications equipment provider’s stock worth $259,000 after purchasing an additional 1,132 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in AudioCodes by 38.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 39,306 shares of the communications equipment provider’s stock worth $386,000 after buying an additional 10,877 shares during the period. Institutional investors own 68.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AUDC. Wall Street Zen cut shares of AudioCodes from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “hold (c)” rating on shares of AudioCodes in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.50.

AudioCodes Stock Up 1.4%

Shares of NASDAQ AUDC opened at $7.33 on Tuesday. AudioCodes Ltd. has a 12 month low of $7.20 and a 12 month high of $12.10. The company has a market cap of $210.22 million, a P/E ratio of 23.65 and a beta of 1.07. The business’s 50 day moving average is $8.52 and its two-hundred day moving average is $9.11.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings data on Tuesday, February 3rd. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $62.61 million for the quarter, compared to the consensus estimate of $62.00 million. AudioCodes had a net margin of 3.65% and a return on equity of 6.46%. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS. Sell-side analysts expect that AudioCodes Ltd. will post 0.7 earnings per share for the current fiscal year.

AudioCodes Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, February 20th. This represents a dividend yield of 544.0%. AudioCodes’s payout ratio is presently 129.03%.

About AudioCodes

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.