Nuance Communications Inc. (NUAN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in Nuance Communications Inc. (NASDAQ:NUAN) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,509 shares of the software maker’s stock after selling 5,042 shares during the quarter. Alliancebernstein L.P. owned about 0.05% of Nuance Communications worth $2,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Nuance Communications in the 3rd quarter valued at $149,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Nuance Communications by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after purchasing an additional 809 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Nuance Communications in the 4th quarter valued at $176,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Nuance Communications by 40.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,993 shares of the software maker’s stock valued at $236,000 after purchasing an additional 4,300 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Nuance Communications in the 4th quarter valued at $277,000. Institutional investors own 85.44% of the company’s stock.

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NASDAQ:NUAN opened at $15.01 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.14. The firm has a market cap of $4,502.41, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.54 and a beta of 0.64. Nuance Communications Inc. has a twelve month low of $14.02 and a twelve month high of $19.93.

Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Thursday, February 8th. The software maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $508.80 million for the quarter, compared to analyst estimates of $508.55 million. Nuance Communications had a negative net margin of 3.76% and a positive return on equity of 11.62%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. sell-side analysts forecast that Nuance Communications Inc. will post 0.83 EPS for the current year.

A number of equities analysts have weighed in on NUAN shares. Oppenheimer reiterated a “buy” rating and issued a $23.00 price target on shares of Nuance Communications in a report on Monday, December 18th. Canaccord Genuity reiterated a “buy” rating and issued a $21.00 price target on shares of Nuance Communications in a report on Monday, January 22nd. Zacks Investment Research lowered shares of Nuance Communications from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. TheStreet upgraded shares of Nuance Communications from a “d+” rating to a “c-” rating in a report on Wednesday, January 17th. Finally, BidaskClub upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Nuance Communications presently has a consensus rating of “Buy” and a consensus target price of $20.75.

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About Nuance Communications

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.

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

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