Guggenheim Capital LLC Increases Position in Nuance Communications Inc. (NUAN)

Guggenheim Capital LLC boosted its position in Nuance Communications Inc. (NASDAQ:NUAN) by 97.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 186,735 shares of the software maker’s stock after acquiring an additional 92,082 shares during the period. Guggenheim Capital LLC owned 0.06% of Nuance Communications worth $3,051,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in Nuance Communications by 955.0% in the 4th quarter. Victory Capital Management Inc. now owns 6,737,164 shares of the software maker’s stock valued at $110,153,000 after acquiring an additional 6,098,570 shares during the period. Neuberger Berman Group LLC raised its stake in Nuance Communications by 6.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock valued at $77,090,000 after acquiring an additional 277,184 shares during the period. Geode Capital Management LLC raised its stake in Nuance Communications by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 2,420,797 shares of the software maker’s stock valued at $39,580,000 after acquiring an additional 74,700 shares during the period. 12th Street Asset Management Company LLC raised its stake in Nuance Communications by 20.2% in the 4th quarter. 12th Street Asset Management Company LLC now owns 1,934,188 shares of the software maker’s stock valued at $31,624,000 after acquiring an additional 325,681 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in Nuance Communications by 37.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,797,438 shares of the software maker’s stock valued at $29,388,000 after acquiring an additional 487,763 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.

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A number of equities research analysts recently issued reports on NUAN shares. Oppenheimer restated a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a research note on Monday, December 18th. BidaskClub upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research cut Nuance Communications from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Morgan Stanley set a $20.00 price target on Nuance Communications and gave the company a “buy” rating in a research report on Thursday, March 22nd. Finally, TheStreet upgraded Nuance Communications from a “d+” rating to a “c-” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.75.

Shares of NUAN opened at $15.01 on Monday. Nuance Communications Inc. has a twelve month low of $14.02 and a twelve month high of $19.93. The stock has a market cap of $4,408.42, a PE ratio of 25.02, a P/E/G ratio of 1.51 and a beta of 0.64. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.14.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly 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. Nuance Communications had a positive return on equity of 11.62% and a negative net margin of 3.76%. The firm had revenue of $508.80 million for the quarter, compared to analysts’ expectations of $508.55 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. sell-side analysts predict that Nuance Communications Inc. will post 0.83 earnings per share for the current fiscal year.

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Nuance Communications 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.

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

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