O Shaughnessy Asset Management LLC Cuts Stock Position in AudioCodes Ltd. (NASDAQ:AUDC)

O Shaughnessy Asset Management LLC cut its stake in AudioCodes Ltd. (NASDAQ:AUDC) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,304 shares of the communications equipment provider’s stock after selling 1,021 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.05% of AudioCodes worth $212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc lifted its position in shares of AudioCodes by 1.2% during the third quarter. Vanguard Group Inc now owns 458,899 shares of the communications equipment provider’s stock worth $4,617,000 after purchasing an additional 5,335 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of AudioCodes by 1.2% during the third quarter. Vanguard Group Inc. now owns 458,899 shares of the communications equipment provider’s stock worth $4,617,000 after purchasing an additional 5,335 shares during the last quarter. Norges Bank bought a new stake in shares of AudioCodes during the fourth quarter worth $4,107,000. Globeflex Capital L P lifted its position in shares of AudioCodes by 330.6% during the fourth quarter. Globeflex Capital L P now owns 342,300 shares of the communications equipment provider’s stock worth $3,382,000 after purchasing an additional 262,800 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of AudioCodes by 39.9% during the fourth quarter. Millennium Management LLC now owns 296,336 shares of the communications equipment provider’s stock worth $2,928,000 after purchasing an additional 84,554 shares during the last quarter. Institutional investors own 31.12% of the company’s stock.

Shares of AudioCodes stock traded down $0.12 during trading on Monday, hitting $15.36. 59,689 shares of the stock traded hands, compared to its average volume of 222,047. The stock has a market cap of $454.34 million, a price-to-earnings ratio of 25.38 and a beta of 0.59. The company has a current ratio of 1.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. AudioCodes Ltd. has a 52-week low of $7.64 and a 52-week high of $17.44. The firm’s fifty day moving average is $15.16.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings results on Tuesday, April 30th. The communications equipment provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. AudioCodes had a return on equity of 19.48% and a net margin of 7.82%. The firm had revenue of $46.58 million for the quarter.

Separately, BidaskClub lowered AudioCodes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.00.

AudioCodes Company Profile

AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking solutions, products, and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The company's products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center, customer premises or the branch; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments.

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Institutional Ownership by Quarter for AudioCodes (NASDAQ:AUDC)

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