Nuance Communications Inc. (NUAN) Shares Bought by Strs Ohio
Strs Ohio raised its position in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 10.5% during the second quarter, Holdings Channel reports. The firm owned 4,143,417 shares of the company’s stock after buying an additional 394,303 shares during the period. Strs Ohio’s holdings in Nuance Communications were worth $64,761,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of NUAN. Ledyard National Bank increased its stake in Nuance Communications by 5.1% in the second quarter. Ledyard National Bank now owns 8,230 shares of the company’s stock worth $129,000 after buying an additional 400 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Nuance Communications by 6.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,214 shares of the company’s stock worth $128,000 after buying an additional 464 shares during the last quarter. Wrapmanager Inc. increased its stake in Nuance Communications by 5.8% in the first quarter. Wrapmanager Inc. now owns 14,871 shares of the company’s stock worth $278,000 after buying an additional 813 shares during the last quarter. Bayesian Capital Management LP increased its stake in Nuance Communications by 4.6% in the first quarter. Bayesian Capital Management LP now owns 24,968 shares of the company’s stock worth $467,000 after buying an additional 1,100 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in Nuance Communications by 16.6% in the first quarter. Raymond James Trust N.A. now owns 14,269 shares of the company’s stock worth $267,000 after buying an additional 2,027 shares during the last quarter. Hedge funds and other institutional investors own 85.18% of the company’s stock.
Nuance Communications Inc. (NASDAQ:NUAN) traded up 4.96% during trading on Wednesday, reaching $14.59. The company had a trading volume of 3,345,788 shares. The company has a 50-day moving average price of $14.76 and a 200 day moving average price of $16.64. Nuance Communications Inc. has a 52-week low of $13.74 and a 52-week high of $21.83. The stock’s market cap is $4.08 billion.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm earned $484.90 million during the quarter, compared to analyst estimates of $489.54 million. Nuance Communications had a positive return on equity of 14.07% and a negative net margin of 2.15%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. On average, analysts anticipate that Nuance Communications Inc. will post $1.51 earnings per share for the current year.
A number of analysts have commented on NUAN shares. Zacks Investment Research downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Deutsche Bank AG decreased their target price on Nuance Communications from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Barclays PLC set a $19.00 target price on Nuance Communications and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $26.00 price target on shares of Nuance Communications in a report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $21.82.
In other Nuance Communications news, VP Adam Bruce Bowden sold 6,000 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $15.59, for a total transaction of $93,540.00. Following the completion of the transaction, the vice president now directly owns 199,490 shares of the company’s stock, valued at approximately $3,110,049.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.23% of the company’s stock.
About Nuance Communications
Nuance Communications, Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company operates through four segments: Healthcare, Mobile and Consumer, Enterprise and Imaging. The Healthcare segment is a provider in clinical speech and clinical language understanding solutions.
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