Northern Trust Corp lifted its stake in Nuance Communications, Inc. (NASDAQ:NUAN) by 10.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,511,062 shares of the software maker’s stock after acquiring an additional 142,516 shares during the period. Northern Trust Corp owned approximately 0.53% of Nuance Communications worth $26,307,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NUAN. Ameriprise Financial Inc. grew its stake in shares of Nuance Communications by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 17,620,101 shares of the software maker’s stock worth $306,763,000 after acquiring an additional 2,383,671 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Nuance Communications by 5.6% in the first quarter. Vanguard Group Inc. now owns 22,953,274 shares of the software maker’s stock worth $397,322,000 after acquiring an additional 1,222,707 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Nuance Communications by 4,461.1% in the second quarter. American Century Companies Inc. now owns 1,058,903 shares of the software maker’s stock worth $18,436,000 after acquiring an additional 1,035,687 shares during the last quarter. NGAM Advisors L.P. grew its stake in shares of Nuance Communications by 535.5% in the second quarter. NGAM Advisors L.P. now owns 990,827 shares of the software maker’s stock worth $17,250,000 after acquiring an additional 834,925 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Nuance Communications in the second quarter worth $9,956,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Nuance Communications, Inc. (NUAN) Shares Bought by Northern Trust Corp” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/21/nuance-communications-inc-nuan-shares-bought-by-northern-trust-corp.html.

Several brokerages have recently issued reports on NUAN. Zacks Investment Research downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. decreased their price target on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG decreased their price target on shares of Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.38.

In other news, insider Daniel David Tempesta sold 6,500 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $15.99, for a total transaction of $103,935.00. Following the sale, the insider now directly owns 270,677 shares of the company’s stock, valued at approximately $4,328,125.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kenneth M. Siegel sold 4,682 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $16.00, for a total value of $74,912.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,182 shares of company stock worth $410,317. 1.67% of the stock is currently owned by insiders.

Shares of Nuance Communications, Inc. (NASDAQ:NUAN) opened at 15.65 on Friday. Nuance Communications, Inc. has a 1-year low of $13.44 and a 1-year high of $19.93. The firm’s 50-day moving average is $15.85 and its 200-day moving average is $17.15. The firm’s market cap is $4.52 billion.

Nuance Communications (NASDAQ:NUAN) last released its earnings results on Tuesday, August 8th. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.09). The company had revenue of $495.60 million for the quarter, compared to analyst estimates of $495.57 million. Nuance Communications had a positive return on equity of 14.73% and a negative net margin of 3.38%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. On average, analysts anticipate that Nuance Communications, Inc. will post $1.00 EPS for the current fiscal year.

Nuance Communications Company Profile

Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.

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).

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

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.