Segall Bryant & Hamill LLC Raises Stake in Nuance Communications, Inc. (NUAN)

Segall Bryant & Hamill LLC grew its holdings in Nuance Communications, Inc. (NASDAQ:NUAN) by 6.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,605 shares of the software maker’s stock after purchasing an additional 19,769 shares during the period. Segall Bryant & Hamill LLC owned about 0.11% of Nuance Communications worth $5,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Nuance Communications by 12.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 133,528 shares of the software maker’s stock valued at $2,099,000 after purchasing an additional 15,000 shares during the period. Granite Point Capital Management L.P. increased its holdings in shares of Nuance Communications by 37.6% in the 3rd quarter. Granite Point Capital Management L.P. now owns 34,400 shares of the software maker’s stock valued at $541,000 after purchasing an additional 9,400 shares during the period. Sirios Capital Management L P increased its holdings in shares of Nuance Communications by 30.9% in the 3rd quarter. Sirios Capital Management L P now owns 5,015,098 shares of the software maker’s stock valued at $78,838,000 after purchasing an additional 1,183,013 shares during the period. Commerzbank Aktiengesellschaft FI increased its holdings in Nuance Communications by 56.5% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 72,126 shares of the software maker’s stock worth $1,134,000 after buying an additional 26,051 shares during the last quarter. Finally, Formula Growth Ltd. increased its holdings in Nuance Communications by 40.9% in the third quarter. Formula Growth Ltd. now owns 748,000 shares of the software maker’s stock worth $11,759,000 after buying an additional 217,000 shares during the last quarter. Institutional investors own 85.56% of the company’s stock.

In other Nuance Communications news, EVP Kenneth M. Siegel sold 4,682 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel David Tempesta sold 6,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total value of $101,270.00. Following the transaction, the insider now owns 258,188 shares in the company, valued at approximately $4,022,569.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,864 shares of company stock worth $243,603. Corporate insiders own 1.67% of the company’s stock.

Nuance Communications, Inc. (NASDAQ:NUAN) opened at $15.60 on Friday. Nuance Communications, Inc. has a twelve month low of $14.02 and a twelve month high of $19.93. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $4,502.22, a P/E ratio of 19.39, a P/E/G ratio of 1.60 and a beta of 0.60.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The company had revenue of $474.70 million for the quarter, compared to the consensus estimate of $457.09 million. During the same quarter last year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. analysts expect that Nuance Communications, Inc. will post 0.81 EPS for the current fiscal year.

A number of research firms recently commented on NUAN. TheStreet downgraded Nuance Communications from a “c” rating to a “d+” rating in a report on Tuesday, November 28th. Oppenheimer restated a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a report on Wednesday, November 29th. Stifel Nicolaus restated a “hold” rating and issued a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a report on Wednesday, November 29th. Zacks Investment Research upgraded Nuance Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Morgan Stanley upgraded Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.50.

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About Nuance Communications

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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Institutional Ownership by Quarter for Nuance Communications (NASDAQ:NUAN)

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