Nuance Communications, Inc. (NUAN) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of Nuance Communications, Inc. (NASDAQ:NUAN) by 239.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,149 shares of the software maker’s stock after acquiring an additional 8,566 shares during the quarter. Toronto Dominion Bank’s holdings in Nuance Communications were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NUAN. Tower Research Capital LLC TRC purchased a new position in Nuance Communications during the 2nd quarter valued at about $103,000. Commonwealth Bank of Australia increased its holdings in Nuance Communications by 29.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock valued at $121,000 after acquiring an additional 1,600 shares in the last quarter. Exane Derivatives increased its holdings in Nuance Communications by 250.3% during the 3rd quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock valued at $130,000 after acquiring an additional 5,912 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Nuance Communications by 23.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock valued at $146,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Concorde Asset Management LLC purchased a new position in Nuance Communications during the 3rd quarter valued at about $159,000. Hedge funds and other institutional investors own 86.41% of the company’s stock.

Several equities analysts have weighed in on NUAN shares. Canaccord Genuity dropped their target price on shares of Nuance Communications from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Deutsche Bank AG dropped their target price on shares of Nuance Communications from $25.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Raymond James Financial, Inc. dropped their target price on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 9th. Barclays PLC dropped their target price on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $23.00 target price (down from $26.00) on shares of Nuance Communications in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.00.

In other news, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.58, for a total transaction of $101,270.00. Following the completion of the sale, the insider now directly owns 258,188 shares in the company, valued at $4,022,569.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,364 shares of company stock valued at $347,538. Insiders own 1.67% of the company’s stock.

Shares of Nuance Communications, Inc. (NASDAQ NUAN) opened at $14.74 on Monday. The company has a market cap of $4,253.95, a PE ratio of 15.04, a PEG ratio of 1.72 and a beta of 0.58. Nuance Communications, Inc. has a twelve month low of $14.02 and a twelve month high of $19.93. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.14.

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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.

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

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