Nuance Communications Inc. (NASDAQ:NUAN) was the target of some unusual options trading activity on Thursday. Stock traders purchased 6,555 call options on the stock. This is an increase of approximately 2,310% compared to the typical volume of 272 call options.

In related news, insider Robert Weideman sold 12,000 shares of Nuance Communications stock in a transaction on Monday, August 19th. The shares were sold at an average price of $17.00, for a total value of $204,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stefan Ortmanns sold 6,091 shares of Nuance Communications stock in a transaction on Monday, August 19th. The shares were sold at an average price of $17.00, for a total transaction of $103,547.00. Following the completion of the sale, the executive vice president now directly owns 416,521 shares of the company’s stock, valued at approximately $7,080,857. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,884 shares of company stock valued at $1,070,509. 0.68% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Nuance Communications by 25.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,127 shares of the software maker’s stock worth $53,000 after purchasing an additional 628 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in Nuance Communications by 1.5% in the second quarter. Vestmark Advisory Solutions Inc. now owns 43,104 shares of the software maker’s stock valued at $688,000 after acquiring an additional 655 shares during the period. First Trust Advisors LP increased its stake in Nuance Communications by 1.9% in the first quarter. First Trust Advisors LP now owns 40,358 shares of the software maker’s stock valued at $683,000 after acquiring an additional 766 shares during the period. Pinebridge Investments L.P. increased its stake in Nuance Communications by 24.0% in the second quarter. Pinebridge Investments L.P. now owns 4,645 shares of the software maker’s stock valued at $74,000 after acquiring an additional 900 shares during the period. Finally, Virginia Retirement Systems ET AL increased its stake in Nuance Communications by 7.3% in the second quarter. Virginia Retirement Systems ET AL now owns 14,700 shares of the software maker’s stock valued at $235,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Several brokerages recently commented on NUAN. ValuEngine downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a report on Friday, June 21st. BidaskClub downgraded shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. Zacks Investment Research downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Wedbush reiterated a “buy” rating and issued a $22.00 target price on shares of Nuance Communications in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.33.

NUAN traded up $0.06 during trading on Friday, hitting $17.49. The stock had a trading volume of 2,021,075 shares, compared to its average volume of 1,948,773. The firm has a market cap of $5.03 billion, a PE ratio of 21.61, a P/E/G ratio of 4.25 and a beta of 0.94. Nuance Communications has a 12 month low of $12.66 and a 12 month high of $18.16. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a 50 day simple moving average of $16.74 and a 200-day simple moving average of $16.81.

Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Wednesday, August 7th. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $460.20 million for the quarter, compared to the consensus estimate of $455.93 million. Nuance Communications had a net margin of 3.88% and a return on equity of 13.93%. As a group, sell-side analysts anticipate that Nuance Communications will post 0.82 earnings per share for the current fiscal year.

Nuance Communications Company Profile

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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