Natixis Advisors L.P. grew its stake in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,059 shares of the software maker’s stock after purchasing an additional 4,075 shares during the period. Natixis Advisors L.P.’s holdings in Nuance Communications were worth $4,031,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP increased its position in Nuance Communications by 1.9% in the 1st quarter. First Trust Advisors LP now owns 40,358 shares of the software maker’s stock worth $683,000 after purchasing an additional 766 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in shares of Nuance Communications by 140.1% in the third quarter. Virginia Retirement Systems ET AL now owns 35,300 shares of the software maker’s stock valued at $576,000 after acquiring an additional 20,600 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Nuance Communications in the third quarter valued at about $4,117,000. Rhumbline Advisers increased its position in shares of Nuance Communications by 0.5% in the third quarter. Rhumbline Advisers now owns 227,081 shares of the software maker’s stock valued at $3,704,000 after acquiring an additional 1,199 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Nuance Communications by 14.6% during the third quarter. Fisher Asset Management LLC now owns 1,157,732 shares of the software maker’s stock worth $18,883,000 after buying an additional 147,690 shares during the last quarter. 89.73% of the stock is owned by institutional investors and hedge funds.
NASDAQ NUAN traded up $0.13 during trading on Friday, reaching $21.62. 849,660 shares of the company’s stock were exchanged, compared to its average volume of 4,027,093. The business has a 50 day moving average price of $20.81 and a 200-day moving average price of $17.81. The stock has a market capitalization of $6.08 billion, a P/E ratio of 25.18, a PEG ratio of 8.51 and a beta of 0.94. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.70 and a quick ratio of 1.70. Nuance Communications Inc. has a fifty-two week low of $14.02 and a fifty-two week high of $23.58.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Nuance Communications had a return on equity of 12.71% and a net margin of 14.02%. The firm had revenue of $418.30 million for the quarter, compared to the consensus estimate of $406.30 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, analysts forecast that Nuance Communications Inc. will post 0.52 earnings per share for the current year.
NUAN has been the topic of a number of recent analyst reports. Oppenheimer reissued a “buy” rating and set a $23.00 price target on shares of Nuance Communications in a research report on Wednesday, December 11th. Zacks Investment Research raised Nuance Communications from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Thursday, February 13th. Barclays reissued a “buy” rating and set a $23.00 price target on shares of Nuance Communications in a research report on Wednesday, January 22nd. Morgan Stanley reissued a “buy” rating and set a $23.00 price target on shares of Nuance Communications in a research report on Monday, February 3rd. Finally, TheStreet raised Nuance Communications from a “c+” rating to a “b” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $24.40.
In related news, EVP Thomas L. Beaudoin sold 12,355 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $17.67, for a total value of $218,312.85. Following the completion of the sale, the executive vice president now directly owns 269,209 shares in the company, valued at $4,756,923.03. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Arthur G. Giterman sold 10,707 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $23.10, for a total value of $247,331.70. Following the completion of the sale, the senior vice president now owns 112,522 shares of the company’s stock, valued at $2,599,258.20. The disclosure for this sale can be found here. Insiders sold 63,070 shares of company stock worth $1,257,384 in the last ninety days. 0.50% of the stock is owned by company insiders.
Nuance Communications Profile
Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people – amplifying human intelligence to increase productivity and security. With decades of domain and AI expertise, Nuance works with thousands of organizations globally across healthcare, financial services, telecommunications, government, and retail – to create stronger relationships and better experiences for their customers and workforce.
Further Reading: What is a capital gain?
Want to see what other hedge funds are holding NUAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuance Communications Inc. (NASDAQ:NUAN).
Receive News & Ratings for Nuance Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications and related companies with MarketBeat.com's FREE daily email newsletter.