Adam Bruce Bowden Sells 5,000 Shares of Nuance Communications Inc. (NUAN) Stock

Nuance Communications Inc. (NASDAQ:NUAN) VP Adam Bruce Bowden sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $19.15, for a total transaction of $95,750.00. Following the sale, the vice president now owns 149,414 shares in the company, valued at $2,861,278.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Adam Bruce Bowden also recently made the following trade(s):

  • On Tuesday, May 9th, Adam Bruce Bowden sold 5,930 shares of Nuance Communications stock. The stock was sold at an average price of $18.15, for a total transaction of $107,629.50.
  • On Wednesday, April 19th, Adam Bruce Bowden sold 2,000 shares of Nuance Communications stock. The stock was sold at an average price of $17.01, for a total transaction of $34,020.00.
  • On Wednesday, April 5th, Adam Bruce Bowden sold 9,131 shares of Nuance Communications stock. The stock was sold at an average price of $16.75, for a total transaction of $152,944.25.

Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Tuesday, May 9th. The software maker reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.04. Nuance Communications had a positive return on equity of 15.22% and a negative net margin of 1.24%. The firm had revenue of $511.10 million for the quarter, compared to analyst estimates of $506.83 million. During the same period in the previous year, the company earned $0.38 earnings per share. Nuance Communications’s revenue for the quarter was up 4.9% compared to the same quarter last year.

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

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Several institutional investors have recently modified their holdings of the company. Formula Growth Ltd. purchased a new position in shares of Nuance Communications during the third quarter worth $4,887,000. Jacobs Levy Equity Management Inc. raised its position in shares of Nuance Communications by 102.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,271,516 shares of the software maker’s stock worth $18,437,000 after buying an additional 644,180 shares during the last quarter. HBK Investments L P raised its position in shares of Nuance Communications by 14.9% in the third quarter. HBK Investments L P now owns 796,800 shares of the software maker’s stock worth $11,554,000 after buying an additional 103,466 shares during the last quarter. United Services Automobile Association raised its position in shares of Nuance Communications by 11.4% in the third quarter. United Services Automobile Association now owns 167,074 shares of the software maker’s stock worth $2,423,000 after buying an additional 17,074 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Nuance Communications by 113.7% in the third quarter. Hsbc Holdings PLC now owns 179,940 shares of the software maker’s stock worth $2,606,000 after buying an additional 95,739 shares during the last quarter. 82.96% of the stock is currently owned by institutional investors.

Several brokerages have commented on NUAN. Barclays PLC restated a “buy” rating and set a $22.00 target price on shares of Nuance Communications in a report on Friday, May 12th. Zacks Investment Research downgraded shares of Nuance Communications from a “hold” rating to a “strong sell” rating in a report on Wednesday. Stifel Nicolaus raised their target price on shares of Nuance Communications from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Citigroup Inc restated an “outperform” rating on shares of Nuance Communications in a report on Wednesday, February 8th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $26.00 target price on shares of Nuance Communications in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $22.00.

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.

5 Day Chart for NASDAQ:NUAN

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