Commerzbank Aktiengesellschaft FI decreased its stake in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 30.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,096 shares of the software maker’s stock after selling 22,030 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Nuance Communications were worth $819,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in Nuance Communications during the 2nd quarter valued at about $103,000. Exane Derivatives lifted 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 buying an additional 5,912 shares in the last quarter. SG Americas Securities LLC bought a new stake in Nuance Communications during the 3rd quarter valued at about $149,000. Concorde Asset Management LLC bought a new stake in Nuance Communications during the 3rd quarter valued at about $159,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Nuance Communications by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after buying an additional 809 shares in the last quarter. Institutional investors own 85.17% of the company’s stock.
Nuance Communications Inc. (NASDAQ NUAN) opened at $17.47 on Monday. 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 company has a market cap of $5,070.00, a PE ratio of -33.60, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. Nuance Communications Inc. has a 12-month low of $14.02 and a 12-month high of $19.93.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $474.70 million for the quarter, compared to the consensus estimate of $457.09 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. equities research analysts expect that Nuance Communications Inc. will post 0.87 earnings per share for the current fiscal year.
In other news, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.40, for a total value of $67,420.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.67% of the stock is owned by insiders.
NUAN has been the topic of a number of research reports. Zacks Investment Research raised shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. TheStreet downgraded shares of Nuance Communications from a “c” rating to a “d+” rating in a research report on Tuesday, November 28th. Morgan Stanley raised shares of Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating and set a $18.00 target price (down previously from $19.00) on shares of Nuance Communications in a research report on Wednesday, November 29th. Finally, Oppenheimer reissued a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Nuance Communications currently has a consensus rating of “Buy” and an average target price of $20.50.
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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