Great West Life Assurance Co. Can reduced its position in Nuance Communications Inc. (NASDAQ:NUAN) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 547,771 shares of the software maker’s stock after selling 113,768 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Nuance Communications were worth $7,226,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bremer Trust National Association bought a new position in shares of Nuance Communications during the fourth quarter valued at $26,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Nuance Communications by 81.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,129 shares of the software maker’s stock valued at $28,000 after buying an additional 956 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Nuance Communications in the fourth quarter valued at $36,000. Enlightenment Research LLC acquired a new stake in shares of Nuance Communications in the fourth quarter valued at $74,000. Finally, Pearl River Capital LLC acquired a new stake in shares of Nuance Communications in the fourth quarter valued at $87,000. 89.52% of the stock is owned by institutional investors.
Shares of NASDAQ:NUAN opened at $16.38 on Friday. Nuance Communications Inc. has a twelve month low of $12.18 and a twelve month high of $17.98. The firm has a market capitalization of $4.68 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.95 and a quick ratio of 1.95.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Thursday, February 7th. The software maker reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.07. The firm had revenue of $493.65 million during the quarter, compared to analyst estimates of $504.85 million. Nuance Communications had a positive return on equity of 13.59% and a negative net margin of 9.50%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. Equities analysts anticipate that Nuance Communications Inc. will post 0.74 earnings per share for the current year.
A number of analysts have recently weighed in on NUAN shares. Zacks Investment Research lowered Nuance Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. BidaskClub lowered Nuance Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Morgan Stanley lowered Nuance Communications from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $19.00 to $17.00 in a research note on Tuesday, January 15th. Finally, Wedbush restated a “buy” rating and issued a $22.00 target price on shares of Nuance Communications in a research note on Friday, February 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.33.
In related news, insider Robert Weideman sold 18,000 shares of Nuance Communications stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $17.00, for a total value of $306,000.00. Following the completion of the sale, the insider now directly owns 487,008 shares in the company, valued at $8,279,136. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Arthur G. Giterman sold 3,120 shares of Nuance Communications stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $16.55, for a total value of $51,636.00. Following the completion of the sale, the insider now owns 80,022 shares of the company’s stock, valued at $1,324,364.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,427 shares of company stock valued at $1,638,774. Corporate insiders own 0.68% of the company’s stock.
Nuance Communications Company Profile
Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.
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