Nuance Communications, Inc. (NUAN) EVP Kenneth M. Siegel Sells 4,682 Shares

Nuance Communications, Inc. (NASDAQ:NUAN) EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Nuance Communications, Inc. (NASDAQ NUAN) opened at $15.80 on Monday. Nuance Communications, Inc. has a 1-year low of $14.02 and a 1-year high of $19.93. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16. The stock has a market cap 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 (NASDAQ:NUAN) last released its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The business had revenue of $474.70 million for the quarter, compared to analyst estimates of $457.09 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. analysts forecast that Nuance Communications, Inc. will post 0.81 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $23.00 target price (down from $26.00) on shares of Nuance Communications in a report on Thursday, August 10th. Raymond James Financial dropped their target price on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 9th. Canaccord Genuity dropped their target price on shares of Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Deutsche Bank dropped their target price on shares of Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Finally, Barclays dropped their target price on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Nuance Communications presently has an average rating of “Buy” and a consensus price target of $20.86.

Several hedge funds have recently added to or reduced their stakes in the company. Jana Partners LLC acquired a new position in Nuance Communications in the 3rd quarter valued at approximately $3,622,000. IFM Investors Pty Ltd increased its stake in Nuance Communications by 37.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 21,626 shares of the software maker’s stock valued at $340,000 after buying an additional 5,922 shares during the period. Neuberger Berman Group LLC increased its stake in Nuance Communications by 6.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock valued at $77,090,000 after buying an additional 277,184 shares during the period. California Public Employees Retirement System increased its stake in Nuance Communications by 2.1% in the 3rd quarter. California Public Employees Retirement System now owns 484,651 shares of the software maker’s stock valued at $7,619,000 after buying an additional 10,051 shares during the period. Finally, Vident Investment Advisory LLC increased its stake in Nuance Communications by 80.8% in the 3rd quarter. Vident Investment Advisory LLC now owns 785,592 shares of the software maker’s stock valued at $12,350,000 after buying an additional 351,098 shares during the period. Institutional investors and hedge funds own 85.56% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Nuance Communications (NASDAQ:NUAN)

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