Nuance Communications, Inc. (NASDAQ:NUAN) EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total value of $67,420.80. The sale 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 $0.25 on Thursday, reaching $14.44. The company’s stock had a trading volume of 1,832,016 shares, compared to its average volume of 2,582,958. Nuance Communications, Inc. has a 12 month low of $14.02 and a 12 month high of $19.93. The stock has a market cap of $4,170.00, a price-to-earnings ratio of 14.58, a PEG ratio of 1.67 and a beta of 0.58. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.20 and a quick ratio of 1.20.
A number of institutional investors and hedge funds have recently made changes to their positions in NUAN. Ameriprise Financial Inc. boosted its holdings in Nuance Communications by 15.6% in the 2nd 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 in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Nuance Communications by 29.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 5,390,900 shares of the software maker’s stock valued at $84,746,000 after acquiring an additional 1,224,085 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Nuance Communications during the 3rd quarter valued at approximately $18,864,000. Sirios Capital Management L P lifted its position in shares of Nuance Communications by 30.9% during 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 acquiring an additional 1,183,013 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Nuance Communications by 4,461.1% during the 2nd quarter. American Century Companies Inc. now owns 1,058,903 shares of the software maker’s stock valued at $18,436,000 after acquiring an additional 1,035,687 shares during the period. 86.63% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on NUAN. Zacks Investment Research lowered Nuance Communications from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Morgan Stanley reissued an “equal weight” rating and set a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a report on Tuesday, July 25th. BidaskClub lowered Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Canaccord Genuity lowered their price target on Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Finally, Deutsche Bank AG lowered their price target on Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Nuance Communications has a consensus rating of “Buy” and a consensus price target of $20.38.
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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