Zehava Simon Sells 27,000 Shares of AudioCodes (NASDAQ:AUDC) Stock

AudioCodes Ltd. (NASDAQ:AUDC) Director Zehava Simon sold 27,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $9.91, for a total transaction of $267,570.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Zehava Simon also recently made the following trade(s):

• On Monday, August 31st, Zehava Simon sold 6,000 shares of AudioCodes stock. The shares were sold at an average price of $10.03, for a total value of $60,180.00.

AudioCodes Trading Down 1.0%

Shares of AUDC opened at $9.99 on Friday. The firm has a market capitalization of $241.26 million, a P/E ratio of 38.42 and a beta of 0.98. AudioCodes Ltd. has a 12-month low of $6.95 and a 12-month high of $10.86. The firm has a fifty day moving average price of $9.82 and a 200-day moving average price of $9.07.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings data 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 return on equity of 6.79% and a net margin of 2.83%.The company had revenue of $62.96 million for the quarter, compared to analysts’ expectations of $62.40 million. 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. Investors of record on Wednesday, August 19th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a yield of 413.0%. AudioCodes’s dividend payout ratio is 153.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AUDC. Heartland Advisors Inc. increased its holdings in shares of AudioCodes by 15.8% during the first quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock valued at $8,122,000 after acquiring an additional 131,934 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in AudioCodes during the 1st quarter worth approximately $1,238,000. Arrowstreet Capital Limited Partnership increased its stake in AudioCodes by 12.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock valued at $6,209,000 after purchasing an additional 82,016 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of AudioCodes by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider’s stock worth $718,000 after buying an additional 7,019 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of AudioCodes in the second quarter worth $592,000. 68.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.