Trexquant Investment LP boosted its position in shares of AudioCodes Ltd. (NASDAQ:AUDC - Free Report) by 41.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,475 shares of the communications equipment provider's stock after buying an additional 31,622 shares during the quarter. Trexquant Investment LP owned 0.36% of AudioCodes worth $1,047,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its position in AudioCodes by 151.8% during the 4th quarter. Blue Trust Inc. now owns 3,624 shares of the communications equipment provider's stock worth $35,000 after acquiring an additional 2,185 shares during the period. R Squared Ltd acquired a new stake in AudioCodes in the 4th quarter worth approximately $97,000. Norges Bank acquired a new position in AudioCodes in the 4th quarter valued at $120,000. DGS Capital Management LLC increased its stake in shares of AudioCodes by 72.8% in the third quarter. DGS Capital Management LLC now owns 21,672 shares of the communications equipment provider's stock worth $211,000 after purchasing an additional 9,133 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AudioCodes by 2.8% during the fourth quarter. Bank of New York Mellon Corp now owns 52,309 shares of the communications equipment provider's stock worth $509,000 after buying an additional 1,419 shares during the last quarter. 68.05% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. StockNews.com upgraded AudioCodes from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Barclays upped their price objective on shares of AudioCodes from $9.00 to $10.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 5th. Finally, Needham & Company LLC lifted their target price on shares of AudioCodes from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, February 5th.
View Our Latest Stock Analysis on AudioCodes
AudioCodes Stock Up 1.1 %
NASDAQ:AUDC traded up $0.10 during mid-day trading on Tuesday, reaching $9.20. 115,372 shares of the company were exchanged, compared to its average volume of 84,947. AudioCodes Ltd. has a 12 month low of $7.70 and a 12 month high of $12.72. The stock has a market cap of $273.06 million, a PE ratio of 18.40 and a beta of 1.09. The company has a fifty day moving average of $10.36 and a 200 day moving average of $9.83.
AudioCodes (NASDAQ:AUDC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. AudioCodes had a return on equity of 10.47% and a net margin of 6.32%. On average, equities research analysts anticipate that AudioCodes Ltd. will post 0.7 EPS for the current fiscal year.
AudioCodes Dividend Announcement
The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, February 20th. This represents a yield of 3%. AudioCodes's payout ratio is presently 72.00%.
AudioCodes Profile
(
Free Report)
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.
Further Reading
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