Nuance Communications, Inc. (NASDAQ:NUAN) EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $16.00, for a total transaction of $74,912.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Nuance Communications, Inc. (NUAN) opened at 15.86 on Friday. The firm’s market cap is $4.58 billion. Nuance Communications, Inc. has a 12-month low of $13.44 and a 12-month high of $19.93. The stock’s 50 day moving average is $15.90 and its 200 day moving average is $17.21.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.09). Nuance Communications had a negative net margin of 3.38% and a positive return on equity of 14.73%. The firm had revenue of $495.60 million during the quarter, compared to analysts’ expectations of $495.57 million. During the same quarter in the prior year, the firm posted $0.38 EPS. Nuance Communications’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Nuance Communications, Inc. will post $1.00 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in NUAN. Ameriprise Financial Inc. increased its holdings in shares of Nuance Communications by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 17,620,101 shares of the software maker’s stock valued at $306,763,000 after purchasing an additional 2,383,671 shares during the period. GMT Capital Corp acquired a new position in Nuance Communications during the first quarter worth $25,255,000. Vanguard Group Inc. grew its holdings in Nuance Communications by 5.6% during the first quarter. Vanguard Group Inc. now owns 22,953,274 shares of the software maker’s stock worth $397,322,000 after acquiring an additional 1,222,707 shares during the period. American Century Companies Inc. grew its holdings in Nuance Communications by 4,461.1% during the second quarter. American Century Companies Inc. now owns 1,058,903 shares of the software maker’s stock worth $18,436,000 after acquiring an additional 1,035,687 shares during the period. Finally, NGAM Advisors L.P. grew its holdings in Nuance Communications by 535.5% during the second quarter. NGAM Advisors L.P. now owns 990,827 shares of the software maker’s stock worth $17,250,000 after acquiring an additional 834,925 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on NUAN shares. Morgan Stanley reissued an “equal weight” rating and set a $18.00 target price (down from $19.00) on shares of Nuance Communications in a research note on Tuesday, July 25th. BidaskClub lowered shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Barclays PLC lowered their target price on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, August 9th. Raymond James Financial, Inc. lowered their price objective on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating for the company in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Nuance Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Nuance Communications has an average rating of “Buy” and a consensus price target of $20.38.
Nuance Communications Company Profile
Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.
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