Great West Life Assurance Co. Can Sells 216,603 Shares of Nuance Communications, Inc. (NUAN)

Great West Life Assurance Co. Can cut its position in Nuance Communications, Inc. (NASDAQ:NUAN) by 31.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 462,740 shares of the software maker’s stock after selling 216,603 shares during the period. Great West Life Assurance Co. Can owned about 0.16% of Nuance Communications worth $8,061,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in NUAN. Comerica Bank boosted its position in shares of Nuance Communications by 0.7% in the first quarter. Comerica Bank now owns 12,581 shares of the software maker’s stock worth $224,000 after buying an additional 90 shares during the period. Ledyard National Bank boosted its position in shares of Nuance Communications by 4.8% in the second quarter. Ledyard National Bank now owns 7,160 shares of the software maker’s stock worth $125,000 after buying an additional 330 shares during the period. IFP Advisors Inc boosted its position in shares of Nuance Communications by 5.1% in the first quarter. IFP Advisors Inc now owns 8,270 shares of the software maker’s stock worth $143,000 after buying an additional 400 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Nuance Communications by 1.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 30,900 shares of the software maker’s stock worth $535,000 after buying an additional 400 shares during the period. Finally, Argent Capital Management LLC boosted its position in shares of Nuance Communications by 2.6% in the first quarter. Argent Capital Management LLC now owns 18,890 shares of the software maker’s stock worth $327,000 after buying an additional 480 shares during the period. Hedge funds and other institutional investors own 84.01% of the company’s stock.

Nuance Communications, Inc. (NUAN) opened at 16.15 on Friday. Nuance Communications, Inc. has a 12-month low of $13.44 and a 12-month high of $19.93. The stock’s market cap is $4.65 billion. The company’s 50-day moving average price is $17.33 and its 200-day moving average price is $17.44.

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 consensus estimate of $0.27 by $0.09. The business had revenue of $495.60 million during the quarter, compared to analysts’ expectations of $495.57 million. Nuance Communications had a positive return on equity of 14.76% and a negative net margin of 3.38%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities analysts expect that Nuance Communications, Inc. will post $1.02 EPS for the current fiscal year.

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A number of equities analysts have recently commented on the company. Raymond James Financial, Inc. dropped their target price on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating for the company in a report on Wednesday. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $23.00 target price (down previously from $26.00) on shares of Nuance Communications in a report on Thursday. BidaskClub cut Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Canaccord Genuity dropped their target price on Nuance Communications from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and set a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.11.

In other news, Director Katherine A. Martin sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $18.34, for a total transaction of $183,400.00. Following the completion of the transaction, the director now directly owns 87,880 shares in the company, valued at $1,611,719.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paul Ricci sold 139,267 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $19.10, for a total value of $2,659,999.70. Following the transaction, the chief executive officer now owns 2,090,036 shares of the company’s stock, valued at $39,919,687.60. The disclosure for this sale can be found here. Insiders sold 186,267 shares of company stock valued at $3,518,245 over the last quarter. 1.67% of the stock is currently owned by company insiders.

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

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