News

The average one-year price target for AudioCodes (NasdaqGS:AUDC) has been revised to 15.56 / share. This is an increase of 8.93% from the prior estimate of 14.28 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 12.12 to a high of 18.90 / share. The average price target represents an increase of 19.29% from the latest reported closing price of 13.04 / share.

AudioCodes Declares $0.18 Dividend

On February 6, 2024 the company declared a regular semi-annual dividend of $0.18 per share ($0.36 annualized). Shareholders of record as of February 20, 2024 will receive the payment on March 6, 2024. Previously, the company paid $0.18 per share.

At the current share price of $13.04 / share, the stock's dividend yield is 2.76%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.56%, and the highest has been 4.81%. The standard deviation of yields is 0.95 (n=233).

The current dividend yield is 1.19 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 1.25. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.12%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 129 funds or institutions reporting positions in AudioCodes. This is a decrease of 8 owner(s) or 5.84% in the last quarter. Average portfolio weight of all funds dedicated to AUDC is 0.09%, an increase of 15.48%. Total shares owned by institutions decreased in the last three months by 3.04% to 15,215K shares. The put/call ratio of AUDC is 0.53, indicating a bullish outlook.

What are Other Shareholders Doing?

Senvest Management holds 2,543K shares representing 8.34% ownership of the company. In it's prior filing, the firm reported owning 2,546K shares, representing a decrease of 0.10%. The firm increased its portfolio allocation in AUDC by 18.09% over the last quarter.

William Blair Investment Management holds 1,397K shares representing 4.58% ownership of the company. In it's prior filing, the firm reported owning 1,429K shares, representing a decrease of 2.29%. The firm increased its portfolio allocation in AUDC by 2.21% over the last quarter.

Acadian Asset Management holds 1,238K shares representing 4.06% ownership of the company. In it's prior filing, the firm reported owning 1,107K shares, representing an increase of 10.62%. The firm increased its portfolio allocation in AUDC by 23.65% over the last quarter.

Heartland Advisors holds 825K shares representing 2.71% ownership of the company. In it's prior filing, the firm reported owning 780K shares, representing an increase of 5.44%. The firm increased its portfolio allocation in AUDC by 17.41% over the last quarter.

HRTVX - HEARTLAND VALUE FUND Investor Class holds 650K shares representing 2.13% ownership of the company. In it's prior filing, the firm reported owning 600K shares, representing an increase of 7.69%. The firm increased its portfolio allocation in AUDC by 18.42% over the last quarter.

Audiocodes Background Information
(This description is provided by the company.)

AudioCodes Ltd. is a provider of advanced communications software, products and productivity solutions. Its services enable enterprises and service providers to build and operate all-IP voice networks for unified communications, contact centers and hosted business services.

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