Stephens Inc. AR decreased its position in shares of Nuance Communications, Inc. (NASDAQ:NUAN) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,985 shares of the software maker’s stock after selling 748 shares during the period. Stephens Inc. AR’s holdings in Nuance Communications were worth $487,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its position in Nuance Communications by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 268,222 shares of the software maker’s stock worth $4,670,000 after buying an additional 13,453 shares during the period. Bank of Montreal Can increased its position in Nuance Communications by 40.7% during the 2nd quarter. Bank of Montreal Can now owns 962,622 shares of the software maker’s stock worth $16,760,000 after buying an additional 278,416 shares during the period. Pacer Advisors Inc. increased its position in Nuance Communications by 9.9% during the 2nd quarter. Pacer Advisors Inc. now owns 52,116 shares of the software maker’s stock worth $907,000 after buying an additional 4,678 shares during the period. BNP Paribas Arbitrage SA increased its position in Nuance Communications by 414.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 34,767 shares of the software maker’s stock worth $602,000 after buying an additional 28,003 shares during the period. Finally, Aviva PLC increased its position in Nuance Communications by 20.2% during the 2nd quarter. Aviva PLC now owns 175,793 shares of the software maker’s stock worth $3,062,000 after buying an additional 29,540 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.
Nuance Communications, Inc. (NASDAQ NUAN) opened at 16.13 on Wednesday. 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 $4.66 billion. The company has a 50 day moving average price of $16.18 and a 200-day moving average price of $17.34.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.09). The company had revenue of $495.60 million for the quarter, compared to analysts’ expectations of $495.57 million. Nuance Communications had a positive return on equity of 14.73% and a negative net margin of 3.38%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Equities analysts predict that Nuance Communications, Inc. will post $1.00 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Stephens Inc. AR Sells 748 Shares of Nuance Communications, Inc. (NUAN)” was first published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://transcriptdaily.com/2017/09/20/stephens-inc-ar-sells-748-shares-of-nuance-communications-inc-nuan.html.
In related news, insider Daniel David Tempesta sold 6,500 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $15.99, for a total transaction of $103,935.00. Following the sale, the insider now owns 270,677 shares of the company’s stock, valued at approximately $4,328,125.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 21,500 shares of company stock worth $364,785 in the last three months. 1.67% of the stock is currently owned by insiders.
Several research analysts have weighed in on NUAN shares. Zacks Investment Research upgraded Nuance Communications from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut Nuance Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and set a $25.00 price objective on shares of Nuance Communications in a research report on Monday, June 12th. Barclays PLC lowered their price objective on Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 9th. Finally, Canaccord Genuity lowered their price objective on Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Nuance Communications presently has an average rating of “Hold” and a consensus target price of $20.11.
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.
Receive News & Ratings for Nuance Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.