Insider Selling: Nuance Communications Inc. (NUAN) Director Sells 10,000 Shares of Stock
Nuance Communications Inc. (NASDAQ:NUAN) Director Katherine A. Martin sold 10,000 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $16.52, for a total transaction of $165,200.00. Following the completion of the sale, the director now directly owns 120,900 shares of the company’s stock, valued at $1,997,268. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Nuance Communications Inc. (NASDAQ:NUAN) traded up 1.63% during trading on Tuesday, hitting $16.79. 4,070,002 shares of the stock were exchanged. Nuance Communications Inc. has a 1-year low of $13.44 and a 1-year high of $21.83. The stock’s market cap is $4.70 billion. The firm’s 50 day moving average price is $14.32 and its 200-day moving average price is $15.29.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Nuance Communications had a positive return on equity of 14.89% and a negative net margin of 0.63%. The business earned $512.40 million during the quarter, compared to analyst estimates of $505.10 million. During the same period in the previous year, the firm earned $0.41 EPS. Nuance Communications’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that Nuance Communications Inc. will post $1.51 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. British Columbia Investment Management Corp increased its position in Nuance Communications by 6.1% in the second quarter. British Columbia Investment Management Corp now owns 258,793 shares of the company’s stock worth $4,045,000 after buying an additional 14,962 shares during the period. BNP Paribas Arbitrage SA increased its position in Nuance Communications by 6.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,214 shares of the company’s stock worth $128,000 after buying an additional 464 shares during the period. Boothbay Fund Management LLC increased its position in Nuance Communications by 56.7% in the first quarter. Boothbay Fund Management LLC now owns 15,700 shares of the company’s stock worth $293,000 after buying an additional 5,683 shares during the period. BlueMountain Capital Management LLC increased its position in Nuance Communications by 1,008.7% in the first quarter. BlueMountain Capital Management LLC now owns 20,244 shares of the company’s stock worth $378,000 after buying an additional 18,418 shares during the period. Finally, Avalon Advisors LLC increased its position in Nuance Communications by 13.3% in the first quarter. Avalon Advisors LLC now owns 63,094 shares of the company’s stock worth $1,179,000 after buying an additional 7,424 shares during the period. Institutional investors and hedge funds own 86.49% of the company’s stock.
A number of analysts have recently issued reports on NUAN shares. Deutsche Bank AG reduced their price target on shares of Nuance Communications from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. 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. Zacks Investment Research lowered shares of Nuance Communications from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Nuance Communications in a research report on Thursday, August 11th. Finally, Raymond James Financial Inc. raised shares of Nuance Communications from an “outperform” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.56.
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 Company offers its customers solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition (OCR) capabilities, and domain knowledge, along with professional services and implementation support.
Receive News & Stock Ratings for Nuance Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications Inc. and related stocks with our FREE daily email newsletter.