Nuance Communications Inc. (NASDAQ:NUAN) VP Adam Bruce Bowden sold 4,000 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $14.45, for a total value of $57,800.00. Following the transaction, the vice president now owns 178,195 shares in the company, valued at $2,574,917.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Adam Bruce Bowden also recently made the following trade(s):
- On Monday, August 1st, Adam Bruce Bowden sold 6,000 shares of Nuance Communications stock. The stock was sold at an average price of $16.03, for a total value of $96,180.00.
Shares of Nuance Communications Inc. (NASDAQ:NUAN) opened at 14.50 on Wednesday. Nuance Communications Inc. has a 52-week low of $13.74 and a 52-week high of $21.83. The stock has a 50 day moving average price of $14.54 and a 200-day moving average price of $16.26. The firm’s market cap is $4.06 billion.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The firm earned $484.90 million during the quarter, compared to the consensus estimate of $489.54 million. Nuance Communications had a negative net margin of 2.15% and a positive return on equity of 14.07%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. On average, equities analysts anticipate that Nuance Communications Inc. will post $1.51 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Aperio Group LLC increased its stake in shares of Nuance Communications by 243.0% in the first quarter. Aperio Group LLC now owns 53,357 shares of the company’s stock worth $997,000 after buying an additional 37,800 shares during the last quarter. Virginia Retirement System bought a new position in shares of Nuance Communications during the first quarter worth about $765,000. Ngam Advisors L.P. boosted its position in shares of Nuance Communications by 48.8% in the first quarter. Ngam Advisors L.P. now owns 212,958 shares of the company’s stock worth $3,980,000 after buying an additional 69,889 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Nuance Communications by 27.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,618,885 shares of the company’s stock worth $30,257,000 after buying an additional 347,283 shares during the period. Finally, Teachers Advisors Inc. boosted its position in shares of Nuance Communications by 15.6% in the first quarter. Teachers Advisors Inc. now owns 1,026,717 shares of the company’s stock worth $19,189,000 after buying an additional 138,207 shares during the period. Hedge funds and other institutional investors own 85.18% of the company’s stock.
NUAN has been the topic of several research reports. Deutsche Bank AG reduced their price objective on Nuance Communications from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, August 9th. Zacks Investment Research upgraded Nuance Communications from a “sell” rating to a “hold” rating in a report on Friday, August 19th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $26.00 price target on shares of Nuance Communications in a report on Thursday, August 11th. Finally, Barclays PLC set a $19.00 price target on Nuance Communications and gave the company a “hold” rating in a report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.82.
About Nuance Communications
Nuance Communications, Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company operates through four segments: Healthcare, Mobile and Consumer, Enterprise and Imaging. The Healthcare segment is a provider in clinical speech and clinical language understanding solutions.
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