Nuance Communications, Inc. (NUAN) EVP Sells $74,912.00 in Stock
Nuance Communications, Inc. (NASDAQ:NUAN) EVP Kenneth M. Siegel sold 4,682 shares of the 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Nuance Communications, Inc. (NASDAQ NUAN) traded up 0.13% during midday trading on Tuesday, hitting $15.91. 1,636,084 shares of the stock were exchanged. The firm’s market cap is $4.59 billion. Nuance Communications, Inc. has a 12-month low of $13.44 and a 12-month high of $19.93. The firm has a 50-day moving average price of $15.90 and a 200 day moving average price of $17.23.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.18 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.09). Nuance Communications had a positive return on equity of 14.73% and a negative net margin of 3.38%. The business 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 earned $0.38 earnings per share. Nuance Communications’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts predict that Nuance Communications, Inc. will post $1.00 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in NUAN. Ameriprise Financial Inc. boosted its position in shares of Nuance Communications by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,620,101 shares of the software maker’s stock worth $306,763,000 after buying an additional 2,383,671 shares in the last quarter. GMT Capital Corp purchased a new stake in shares of Nuance Communications in the 1st quarter worth about $25,255,000. Vanguard Group Inc. boosted its position in shares of Nuance Communications by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 22,953,274 shares of the software maker’s stock worth $397,322,000 after buying an additional 1,222,707 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Nuance Communications by 4,461.1% in the 2nd quarter. American Century Companies Inc. now owns 1,058,903 shares of the software maker’s stock worth $18,436,000 after buying an additional 1,035,687 shares in the last quarter. Finally, NGAM Advisors L.P. boosted its position in shares of Nuance Communications by 535.5% in the 2nd quarter. NGAM Advisors L.P. now owns 990,827 shares of the software maker’s stock worth $17,250,000 after buying an additional 834,925 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.
NUAN has been the topic of several recent analyst reports. BidaskClub downgraded shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective (down from $19.00) on shares of Nuance Communications in a report on Tuesday, July 25th. Barclays PLC decreased their price objective on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, August 9th. Raymond James Financial, Inc. decreased their price objective on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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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