Sirios Capital Management L P boosted its stake in Nuance Communications, Inc. (NASDAQ:NUAN) by 30.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,015,098 shares of the software maker’s stock after purchasing an additional 1,183,013 shares during the period. Nuance Communications comprises 4.1% of Sirios Capital Management L P’s investment portfolio, making the stock its 5th largest position. Sirios Capital Management L P owned 1.74% of Nuance Communications worth $78,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Commerzbank Aktiengesellschaft FI increased its stake in Nuance Communications by 56.5% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 72,126 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 26,051 shares during the period. Formula Growth Ltd. increased its stake in Nuance Communications by 40.9% in the 3rd quarter. Formula Growth Ltd. now owns 748,000 shares of the software maker’s stock worth $11,759,000 after purchasing an additional 217,000 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Nuance Communications by 40.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,993 shares of the software maker’s stock worth $236,000 after purchasing an additional 4,300 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Nuance Communications by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,301,205 shares of the software maker’s stock worth $20,455,000 after purchasing an additional 69,099 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Nuance Communications in the 3rd quarter worth approximately $313,000. 85.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nuance Communications, Inc. (NUAN) opened at $15.80 on Monday. The firm has a market capitalization of $4,586.40, a P/E ratio of 19.75, a PEG ratio of 1.63 and a beta of 0.60. Nuance Communications, Inc. has a 1 year low of $14.02 and a 1 year high of $19.93. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 1.19.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The firm had revenue of $474.70 million for the quarter, compared to analyst estimates of $457.09 million. During the same period last year, the company earned $0.41 EPS. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. equities research analysts anticipate that Nuance Communications, Inc. will post 0.81 earnings per share for the current year.

In related news, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.58, for a total transaction of $101,270.00. Following the sale, the insider now directly owns 258,188 shares in the company, valued at $4,022,569.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction that occurred on Friday, October 6th. The shares were 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. Insiders have sold 15,864 shares of company stock worth $243,603 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.

NUAN has been the topic of a number of recent analyst reports. Deutsche Bank cut their price objective on Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Canaccord Genuity cut their price objective on Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Morgan Stanley reiterated a “buy” rating and issued a $18.00 price objective on shares of Nuance Communications in a research report on Wednesday, November 22nd. Oppenheimer reiterated a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a research report on Wednesday, November 29th. Finally, TheStreet lowered Nuance Communications from a “c” rating to a “d+” rating in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Nuance Communications presently has an average rating of “Buy” and an average price target of $20.86.

ILLEGAL ACTIVITY WARNING: This article was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/12/04/nuance-communications-inc-nuan-shares-bought-by-sirios-capital-management-l-p.html.

About Nuance Communications

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.

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.