Nuance Communications, Inc. (NUAN) Shares Sold by Ngam Advisors L.P.

Ngam Advisors L.P. reduced its position in Nuance Communications, Inc. (NASDAQ:NUAN) by 40.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 155,902 shares of the software maker’s stock after selling 103,989 shares during the period. Ngam Advisors L.P.’s holdings in Nuance Communications were worth $2,699,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NUAN. FIL Ltd boosted its position in shares of Nuance Communications by 8.0% in the first quarter. FIL Ltd now owns 9,240,823 shares of the software maker’s stock worth $159,959,000 after buying an additional 680,563 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Nuance Communications by 2.0% in the first quarter. Neuberger Berman Group LLC now owns 4,750,025 shares of the software maker’s stock worth $82,223,000 after buying an additional 94,472 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Nuance Communications by 49.3% in the first quarter. Pictet Asset Management Ltd. now owns 3,942,822 shares of the software maker’s stock worth $68,250,000 after buying an additional 1,302,167 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Nuance Communications by 60.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,721,507 shares of the software maker’s stock worth $47,109,000 after buying an additional 1,029,472 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its position in shares of Nuance Communications by 13.8% in the first quarter. Peregrine Capital Management LLC now owns 2,346,535 shares of the software maker’s stock worth $39,938,000 after buying an additional 283,896 shares during the last quarter. Institutional investors own 85.99% of the company’s stock.

Institutional Ownership by Quarter for Nuance Communications (NASDAQ:NUAN)

Nuance Communications, Inc. (NASDAQ NUAN) traded down 0.515% during trading on Tuesday, hitting $18.345. 702,966 shares of the company’s stock were exchanged. Nuance Communications, Inc. has a 52-week low of $13.44 and a 52-week high of $19.93. The company’s market cap is $5.28 billion. The firm has a 50 day moving average price of $18.66 and a 200 day moving average price of $16.93.

Nuance Communications (NASDAQ:NUAN) last released its earnings results on Tuesday, May 9th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The firm had revenue of $511.10 million during the quarter, compared to the consensus estimate of $506.83 million. Nuance Communications had a positive return on equity of 15.76% and a negative net margin of 2.57%. Nuance Communications’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, equities research analysts predict that Nuance Communications, Inc. will post $1.18 earnings per share for the current year.

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A number of equities analysts recently commented on NUAN shares. Zacks Investment Research cut shares of Nuance Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 17th. Barclays PLC reiterated a “buy” rating and issued a $22.00 target price on shares of Nuance Communications in a research report on Friday, May 12th. Stifel Nicolaus lifted their target price on shares of Nuance Communications from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 target price on shares of Nuance Communications in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.00.

In related news, VP Adam Bruce Bowden sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $17.01, for a total value of $34,020.00. Following the transaction, the vice president now owns 188,290 shares of the company’s stock, valued at approximately $3,202,812.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul Ricci sold 139,267 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $19.10, for a total transaction of $2,659,999.70. Following the completion of the transaction, the chief executive officer now directly owns 2,090,036 shares in the company, valued at approximately $39,919,687.60. The disclosure for this sale can be found here. Insiders sold a total of 204,492 shares of company stock valued at $3,857,988 in the last 90 days. Company insiders own 1.67% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NUAN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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