Nuance Communications, Inc. (NASDAQ:NUAN) insider Daniel David Tempesta sold 6,500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total transaction of $101,270.00. Following the completion of the transaction, the insider now owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Daniel David Tempesta also recently made the following trade(s):

  • On Friday, September 1st, Daniel David Tempesta sold 6,500 shares of Nuance Communications stock. The stock was sold at an average price of $15.99, for a total value of $103,935.00.
  • On Tuesday, August 1st, Daniel David Tempesta sold 7,500 shares of Nuance Communications stock. The stock was sold at an average price of $17.36, for a total value of $130,200.00.

Shares of Nuance Communications, Inc. (NUAN) traded down 0.19% during midday trading on Tuesday, hitting $15.87. The company had a trading volume of 1,441,316 shares. Nuance Communications, Inc. has a 12 month low of $13.44 and a 12 month high of $19.93. The company’s market cap is $4.58 billion. The stock’s 50-day moving average price is $15.91 and its 200-day moving average price is $17.25.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $495.60 million for the quarter, compared to the consensus estimate of $495.57 million. During the same period in the prior year, the company earned $0.38 EPS. Nuance Communications’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that Nuance Communications, Inc. will post $1.00 EPS for the current year.

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Several analysts have recently weighed in on the company. Deutsche Bank AG reissued a “buy” rating and issued a $25.00 target price on shares of Nuance Communications in a report on Monday, June 12th. BidaskClub downgraded Nuance Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised Nuance Communications from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a research report on Tuesday, July 25th. Finally, Canaccord Genuity reduced their price objective on Nuance Communications from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Nuance Communications presently has an average rating of “Hold” and an average price target of $20.11.

A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in shares of Nuance Communications during the second quarter valued at approximately $103,000. Commonwealth Bank of Australia raised its position in shares of Nuance Communications by 29.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock worth $121,000 after purchasing an additional 1,600 shares during the period. Ledyard National Bank raised its position in shares of Nuance Communications by 4.8% during the 2nd quarter. Ledyard National Bank now owns 7,160 shares of the software maker’s stock worth $125,000 after purchasing an additional 330 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Nuance Communications by 23.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock worth $146,000 after purchasing an additional 1,600 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Nuance Communications by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock worth $178,000 after purchasing an additional 809 shares during the period. Institutional investors own 84.29% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Nuance Communications (NASDAQ:NUAN)

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