Reliance Trust Co. of Delaware Grows Position in Nuance Communications Inc. (NUAN)

Reliance Trust Co. of Delaware lifted its position in Nuance Communications Inc. (NASDAQ:NUAN) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,011 shares of the software maker’s stock after acquiring an additional 958 shares during the period. Reliance Trust Co. of Delaware’s holdings in Nuance Communications were worth $491,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NUAN. Convergence Investment Partners LLC grew its position in Nuance Communications by 314.4% during the fourth quarter. Convergence Investment Partners LLC now owns 152,588 shares of the software maker’s stock valued at $2,019,000 after purchasing an additional 115,764 shares in the last quarter. Vanguard Group Inc lifted its stake in Nuance Communications by 0.3% in the third quarter. Vanguard Group Inc now owns 25,400,568 shares of the software maker’s stock valued at $439,938,000 after acquiring an additional 81,511 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Nuance Communications in the fourth quarter valued at approximately $260,000. Vanguard Group Inc. lifted its stake in Nuance Communications by 0.3% in the third quarter. Vanguard Group Inc. now owns 25,400,568 shares of the software maker’s stock valued at $439,938,000 after acquiring an additional 81,511 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Nuance Communications by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 1,082,705 shares of the software maker’s stock valued at $14,324,000 after acquiring an additional 39,049 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nuance Communications stock opened at $16.89 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.13. Nuance Communications Inc. has a 1-year low of $12.18 and a 1-year high of $17.88. The firm has a market capitalization of $4.82 billion, a PE ratio of 20.85, a PEG ratio of 1.91 and a beta of 1.18.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Thursday, February 7th. The software maker reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.07. Nuance Communications had a negative net margin of 9.50% and a positive return on equity of 13.59%. The business had revenue of $493.65 million during the quarter, compared to analysts’ expectations of $504.85 million. During the same period in the previous year, the company earned $0.27 earnings per share. Nuance Communications’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts anticipate that Nuance Communications Inc. will post 0.74 EPS for the current year.

In other news, EVP Daniel David Tempesta sold 26,700 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $16.32, for a total value of $435,744.00. Following the completion of the sale, the executive vice president now directly owns 506,102 shares in the company, valued at $8,259,584.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Arthur G. Giterman sold 3,120 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $16.55, for a total transaction of $51,636.00. Following the completion of the sale, the insider now owns 80,022 shares of the company’s stock, valued at $1,324,364.10. The disclosure for this sale can be found here. Insiders sold 115,236 shares of company stock valued at $1,910,489 over the last 90 days. 0.68% of the stock is owned by corporate insiders.

NUAN has been the subject of a number of analyst reports. BidaskClub upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Morgan Stanley cut shares of Nuance Communications from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $19.00 to $17.00 in a research note on Tuesday, January 15th. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, January 24th. Finally, Wedbush reiterated a “buy” rating and issued a $22.00 target price on shares of Nuance Communications in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.67.

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Nuance Communications Profile

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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

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