Nuance Communications Inc. (NUAN) VP Adam Bruce Bowden Sells 4,000 Shares
Nuance Communications Inc. (NASDAQ:NUAN) VP Adam Bruce Bowden sold 4,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $14.45, for a total value of $57,800.00. Following the sale, the vice president now owns 178,195 shares of the company’s stock, valued at $2,574,917.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Adam Bruce Bowden also recently made the following trade(s):
- On Monday, August 1st, Adam Bruce Bowden sold 6,000 shares of Nuance Communications stock. The shares were sold at an average price of $16.03, for a total value of $96,180.00.
Shares of Nuance Communications Inc. (NASDAQ:NUAN) opened at 14.58 on Thursday. Nuance Communications Inc. has a 1-year low of $13.74 and a 1-year high of $21.83. The company has a 50 day moving average of $14.53 and a 200 day moving average of $16.25. The firm’s market cap is $4.08 billion.
Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Monday, August 8th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Nuance Communications had a negative net margin of 2.15% and a positive return on equity of 14.07%. The business earned $484.90 million during the quarter, compared to analysts’ expectations of $489.54 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that Nuance Communications Inc. will post $1.51 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. acquired a new position in shares of Nuance Communications during the second quarter valued at approximately $118,000. BNP Paribas Arbitrage SA boosted its position in shares of Nuance Communications by 6.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,214 shares of the company’s stock valued at $128,000 after buying an additional 464 shares during the last quarter. Ledyard National Bank boosted its position in shares of Nuance Communications by 5.1% in the second quarter. Ledyard National Bank now owns 8,230 shares of the company’s stock valued at $129,000 after buying an additional 400 shares during the last quarter. MU Investments Co. Ltd. acquired a new position in shares of Nuance Communications during the second quarter valued at approximately $149,000. Finally, LS Investment Advisors LLC boosted its position in shares of Nuance Communications by 25.1% in the second quarter. LS Investment Advisors LLC now owns 10,189 shares of the company’s stock valued at $159,000 after buying an additional 2,044 shares during the last quarter. Institutional investors and hedge funds own 85.18% of the company’s stock.
Several equities analysts have recently commented on NUAN shares. Zacks Investment Research cut shares of Nuance Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $26.00 price target on shares of Nuance Communications in a research report on Thursday, August 11th. Barclays PLC set a $19.00 price target on shares of Nuance Communications and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Finally, Deutsche Bank AG reduced their price target on shares of Nuance Communications from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.82.
Nuance Communications Company Profile
Nuance Communications, Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company operates through four segments: Healthcare, Mobile and Consumer, Enterprise and Imaging. The Healthcare segment is a provider in clinical speech and clinical language understanding solutions.
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