Nuance Communications, Inc. (NASDAQ:NUAN) Director Lloyd Carney Sells 36,002 Shares of Stock

Nuance Communications, Inc. (NASDAQ:NUAN) Director Lloyd Carney sold 36,002 shares of Nuance Communications stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $54.98, for a total value of $1,979,389.96. Following the transaction, the director now directly owns 17,490 shares in the company, valued at approximately $961,600.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NUAN opened at $54.96 on Friday. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 2,749.37 and a beta of 1.27. The company has a fifty day moving average price of $52.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.49 and a current ratio of 0.49. Nuance Communications, Inc. has a 1 year low of $22.02 and a 1 year high of $55.10.

Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Sunday, May 9th. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The firm had revenue of $347.00 million for the quarter, compared to analyst estimates of $346.45 million. Nuance Communications had a return on equity of 10.20% and a net margin of 0.29%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. On average, equities analysts forecast that Nuance Communications, Inc. will post 0.43 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Trustcore Financial Services LLC raised its stake in shares of Nuance Communications by 25.3% in the first quarter. Trustcore Financial Services LLC now owns 990 shares of the software maker’s stock valued at $43,000 after buying an additional 200 shares during the period. Natixis Advisors L.P. raised its stake in shares of Nuance Communications by 1.9% during the 1st quarter. Natixis Advisors L.P. now owns 11,398 shares of the software maker’s stock valued at $497,000 after purchasing an additional 215 shares during the period. Pinnacle Bancorp Inc. raised its stake in shares of Nuance Communications by 80.1% during the 1st quarter. Pinnacle Bancorp Inc. now owns 589 shares of the software maker’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Institutional & Family Asset Management LLC raised its stake in shares of Nuance Communications by 30.5% during the 1st quarter. Institutional & Family Asset Management LLC now owns 1,293 shares of the software maker’s stock valued at $56,000 after purchasing an additional 302 shares during the period. Finally, Ledyard National Bank raised its stake in shares of Nuance Communications by 3.4% during the 1st quarter. Ledyard National Bank now owns 9,678 shares of the software maker’s stock valued at $422,000 after purchasing an additional 320 shares during the period.

Several research analysts recently issued reports on the company. Wedbush reaffirmed a “neutral” rating on shares of Nuance Communications in a research report on Monday, April 19th. SVB Leerink cut their target price on Nuance Communications from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 11th. Craig Hallum reaffirmed a “hold” rating and set a $56.00 target price (down previously from $58.00) on shares of Nuance Communications in a research report on Monday, April 19th. Zacks Investment Research cut Nuance Communications from a “buy” rating to a “hold” rating in a research report on Thursday, May 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $56.00 target price on shares of Nuance Communications in a research report on Monday, May 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $53.29.

Nuance Communications Company Profile

Nuance Communications, Inc provides conversational and cognitive artificial intelligence (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.

Further Reading: Google Finance Portfolio Tips and Tricks

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

Receive News & Ratings for Nuance Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications and related companies with MarketBeat.com's FREE daily email newsletter.