Natixis Advisors L.P. increased its stake in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 226,059 shares of the software maker’s stock after purchasing an additional 4,075 shares during the quarter. Natixis Advisors L.P. owned 0.08% of Nuance Communications worth $4,031,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Handelsbanken Fonder AB lifted its holdings in shares of Nuance Communications by 154.4% during the third quarter. Handelsbanken Fonder AB now owns 2,543,571 shares of the software maker’s stock worth $41,486,000 after purchasing an additional 1,543,571 shares during the period. Select Equity Group L.P. acquired a new stake in Nuance Communications in the third quarter valued at $27,825,000. Strs Ohio lifted its holdings in Nuance Communications by 25.9% in the fourth quarter. Strs Ohio now owns 1,322,582 shares of the software maker’s stock valued at $23,581,000 after acquiring an additional 271,882 shares during the period. Fisher Asset Management LLC lifted its holdings in Nuance Communications by 14.6% in the third quarter. Fisher Asset Management LLC now owns 1,157,732 shares of the software maker’s stock valued at $18,883,000 after acquiring an additional 147,690 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in Nuance Communications by 7.7% in the fourth quarter. California Public Employees Retirement System now owns 687,359 shares of the software maker’s stock valued at $12,256,000 after acquiring an additional 48,935 shares during the period. 89.73% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. Morgan Stanley reissued a “buy” rating and issued a $23.00 target price on shares of Nuance Communications in a report on Monday, February 3rd. ValuEngine downgraded Nuance Communications from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. TheStreet raised Nuance Communications from a “c+” rating to a “b” rating in a report on Wednesday, November 20th. Oppenheimer reissued a “buy” rating and issued a $23.00 target price on shares of Nuance Communications in a report on Wednesday, December 11th. Finally, Barclays reaffirmed a “buy” rating and set a $23.00 price target on shares of Nuance Communications in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.40.
In related news, SVP Arthur G. Giterman sold 10,707 shares of Nuance Communications stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $23.10, for a total transaction of $247,331.70. Following the completion of the sale, the senior vice president now owns 112,522 shares in the company, valued at approximately $2,599,258.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel David Tempesta sold 15,000 shares of Nuance Communications stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $23.04, for a total value of $345,600.00. Following the sale, the executive vice president now owns 593,801 shares of the company’s stock, valued at approximately $13,681,175.04. The disclosure for this sale can be found here. Insiders have sold a total of 63,070 shares of company stock valued at $1,257,384 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.
Shares of NASDAQ:NUAN traded up $0.13 during midday trading on Friday, hitting $21.62. 849,660 shares of the stock were exchanged, compared to its average volume of 4,027,093. The stock has a market cap of $6.08 billion, a P/E ratio of 25.18, a PEG ratio of 8.51 and a beta of 0.94. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.41. Nuance Communications Inc. has a twelve month low of $14.02 and a twelve month high of $23.58. The company has a 50 day moving average price of $20.81 and a 200-day moving average price of $17.81.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $418.30 million during the quarter, compared to the consensus estimate of $406.30 million. Nuance Communications had a return on equity of 12.71% and a net margin of 14.02%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. On average, equities research analysts expect that Nuance Communications Inc. will post 0.52 earnings per share for the current year.
Nuance Communications Company Profile
Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people – amplifying human intelligence to increase productivity and security. With decades of domain and AI expertise, Nuance works with thousands of organizations globally across healthcare, financial services, telecommunications, government, and retail – to create stronger relationships and better experiences for their customers and workforce.
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