Value Base Ltd. Purchases New Position in AudioCodes Ltd. (NASDAQ:AUDC)

Value Base Ltd. acquired a new position in AudioCodes Ltd. (NASDAQ:AUDC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,018,976 shares of the communications equipment provider’s stock, valued at approximately $19,665,000. AudioCodes comprises 12.0% of Value Base Ltd.’s investment portfolio, making the stock its 4th biggest holding. Value Base Ltd. owned 6.68% of AudioCodes as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in AudioCodes by 11.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,287 shares of the communications equipment provider’s stock valued at $893,000 after acquiring an additional 9,150 shares in the last quarter. Senvest Management LLC lifted its position in shares of AudioCodes by 1.5% during the third quarter. Senvest Management LLC now owns 2,580,448 shares of the communications equipment provider’s stock valued at $25,108,000 after purchasing an additional 37,080 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in AudioCodes in the 3rd quarter worth about $595,000. DGS Capital Management LLC increased its stake in AudioCodes by 72.8% in the 3rd quarter. DGS Capital Management LLC now owns 21,672 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 9,133 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of AudioCodes by 95.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 104,037 shares of the communications equipment provider’s stock worth $1,012,000 after buying an additional 50,704 shares in the last quarter. Institutional investors own 68.05% of the company’s stock.

AudioCodes Trading Down 1.1 %

NASDAQ:AUDC opened at $10.03 on Friday. The firm’s 50 day moving average is $10.88 and its 200 day moving average is $9.89. AudioCodes Ltd. has a 12 month low of $7.70 and a 12 month high of $13.71. The stock has a market capitalization of $303.08 million, a PE ratio of 20.06 and a beta of 0.86.

AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. AudioCodes had a return on equity of 10.47% and a net margin of 6.32%. Research analysts predict that AudioCodes Ltd. will post 0.7 earnings per share for the current year.

AudioCodes Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, February 20th. This represents a yield of 3%. AudioCodes’s dividend payout ratio (DPR) is 72.00%.

Wall Street Analyst Weigh In

A number of analysts recently commented on AUDC shares. StockNews.com raised AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Barclays raised their target price on AudioCodes from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, February 5th. Finally, Needham & Company LLC boosted their price target on shares of AudioCodes from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, February 5th.

AudioCodes Profile

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.