Green Square Capital LLC Trims Position in Nuance Communications, Inc. (NUAN)

Green Square Capital LLC decreased its holdings in Nuance Communications, Inc. (NASDAQ:NUAN) by 16.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,362 shares of the software maker’s stock after selling 10,201 shares during the quarter. Green Square Capital LLC’s holdings in Nuance Communications were worth $839,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Nuance Communications by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,288,701 shares of the software maker’s stock worth $405,455,000 after buying an additional 335,427 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Nuance Communications by 3.6% in the third quarter. Ameriprise Financial Inc. now owns 18,257,115 shares of the software maker’s stock valued at $286,977,000 after buying an additional 637,014 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in Nuance Communications by 29.4% in the third quarter. Pictet Asset Management Ltd. now owns 5,390,900 shares of the software maker’s stock valued at $84,746,000 after buying an additional 1,224,085 shares during the last quarter. Sirios Capital Management L P lifted its stake in Nuance Communications by 30.9% in the third quarter. Sirios Capital Management L P now owns 5,015,098 shares of the software maker’s stock valued at $78,838,000 after buying an additional 1,183,013 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its stake in Nuance Communications by 19.1% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,415,282 shares of the software maker’s stock valued at $53,688,000 after buying an additional 548,875 shares during the last quarter. Hedge funds and other institutional investors own 85.06% of the company’s stock.

NUAN has been the topic of a number of recent research reports. Zacks Investment Research upgraded Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, December 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 target price (down from $19.00) on shares of Nuance Communications in a research note on Wednesday, November 29th. Oppenheimer restated a “buy” rating and set a $23.00 price objective on shares of Nuance Communications in a research note on Wednesday, November 29th. TheStreet cut shares of Nuance Communications from a “c” rating to a “d+” rating in a research note on Tuesday, November 28th. Finally, Morgan Stanley upgraded shares of Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.50.

In related news, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $15.58, for a total transaction of $101,270.00. Following the transaction, the insider now directly owns 258,188 shares of the company’s stock, valued at $4,022,569.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $16.00, for a total value of $74,912.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,864 shares of company stock worth $243,603. Company insiders own 1.67% of the company’s stock.

Shares of Nuance Communications, Inc. (NUAN) opened at $16.39 on Wednesday. Nuance Communications, Inc. has a one year low of $14.02 and a one year high of $19.93. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16. The firm has a market cap of $4,539.95, a PE ratio of 19.55, a P/E/G ratio of 1.61 and a beta of 0.60.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The business had revenue of $474.70 million for the quarter, compared to analysts’ expectations of $457.09 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis. research analysts predict that Nuance Communications, Inc. will post 0.81 EPS for the current year.

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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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