Fisher Asset Management LLC Has $12,786,000 Stake in Nuance Communications Inc. (NUAN)
Fisher Asset Management LLC boosted its stake in Nuance Communications Inc. (NASDAQ:NUAN) by 5.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 881,786 shares of the company’s stock after buying an additional 44,400 shares during the period. Fisher Asset Management LLC owned about 0.32% of Nuance Communications worth $12,786,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NUAN. Strs Ohio boosted its stake in shares of Nuance Communications by 10.5% in the second quarter. Strs Ohio now owns 4,143,417 shares of the company’s stock valued at $64,761,000 after buying an additional 394,303 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Nuance Communications by 630.2% in the first quarter. Squarepoint Ops LLC now owns 105,883 shares of the company’s stock valued at $1,979,000 after buying an additional 91,383 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Nuance Communications by 12.9% in the second quarter. Vanguard Group Inc. now owns 19,511,687 shares of the company’s stock valued at $304,969,000 after buying an additional 2,236,823 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Nuance Communications by 0.6% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 379,276 shares of the company’s stock valued at $5,928,000 after buying an additional 2,282 shares during the last quarter. Finally, Westpac Banking Corp boosted its stake in shares of Nuance Communications by 362.4% in the second quarter. Westpac Banking Corp now owns 534,778 shares of the company’s stock valued at $7,336,000 after buying an additional 419,115 shares during the last quarter. 86.49% of the stock is currently owned by hedge funds and other institutional investors.
Nuance Communications Inc. (NASDAQ:NUAN) traded down 0.12% during trading on Friday, reaching $16.84. 1,017,872 shares of the company’s stock traded hands. The company’s market cap is $4.77 billion. Nuance Communications Inc. has a 12 month low of $13.44 and a 12 month high of $21.83. The firm’s 50 day moving average is $14.51 and its 200 day moving average is $15.30.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Nuance Communications had a negative net margin of 0.63% and a positive return on equity of 14.89%. The business had revenue of $512.40 million for the quarter, compared to analysts’ expectations of $505.10 million. During the same period in the prior year, the firm earned $0.41 earnings per share. Nuance Communications’s revenue was down .2% compared to the same quarter last year. Analysts anticipate that Nuance Communications Inc. will post $1.51 EPS for the current year.
Several equities research analysts recently commented on NUAN shares. Zacks Investment Research cut Nuance Communications from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 5th. Canaccord Genuity reissued a “buy” rating on shares of Nuance Communications in a report on Friday, November 18th. Raymond James Financial Inc. raised Nuance Communications from an “outperform” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a report on Friday, November 18th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $25.00 price target on shares of Nuance Communications in a report on Friday, November 18th. Finally, Barclays PLC set a $19.00 price target on Nuance Communications and gave the company a “hold” rating in a report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating, six have issued 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.
In other news, VP Adam Bruce Bowden sold 4,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $14.45, for a total transaction of $57,800.00. Following the sale, the vice president now directly owns 178,195 shares of the company’s stock, valued at $2,574,917.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katherine A. Martin sold 10,000 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $16.52, for a total transaction of $165,200.00. Following the sale, the director now directly owns 120,900 shares in the company, valued at $1,997,268. The disclosure for this sale can be found here. Insiders own 2.23% of the company’s stock.
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.
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