Jana Partners LLC acquired a new stake in shares of Nuance Communications Inc. (NASDAQ:NUAN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 230,427 shares of the software maker’s stock, valued at approximately $3,622,000. Jana Partners LLC owned 0.08% of Nuance Communications at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. raised its stake in Nuance Communications by 1.3% during the 2nd quarter. Moors & Cabot Inc. now owns 11,215 shares of the software maker’s stock valued at $193,000 after acquiring an additional 140 shares in the last quarter. Sicart Associates LLC raised its stake in Nuance Communications by 0.5% during the 2nd quarter. Sicart Associates LLC now owns 86,925 shares of the software maker’s stock valued at $1,513,000 after acquiring an additional 400 shares in the last quarter. D.A. Davidson & CO. raised its stake in Nuance Communications by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 50,279 shares of the software maker’s stock valued at $875,000 after acquiring an additional 474 shares in the last quarter. CIBC Asset Management Inc raised its stake in Nuance Communications by 4.0% during the 2nd quarter. CIBC Asset Management Inc now owns 16,888 shares of the software maker’s stock valued at $294,000 after acquiring an additional 655 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake 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 worth $178,000 after buying an additional 809 shares in the last quarter. Institutional investors and hedge funds own 85.06% of the company’s stock.

Shares of Nuance Communications Inc. (NUAN) traded up $0.11 during mid-day trading on Friday, hitting $16.70. The stock had a trading volume of 305,590 shares, compared to its average volume of 2,842,136. Nuance Communications Inc. has a twelve month low of $14.02 and a twelve month high of $19.93. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $4,818.62, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.71 and a beta of 0.60.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The business had revenue of $474.70 million for the quarter, compared to the consensus estimate of $457.09 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. Nuance Communications’s revenue for the quarter was down 7.4% compared to the same quarter last year. analysts anticipate that Nuance Communications Inc. will post 0.81 EPS for the current fiscal year.

In other Nuance Communications news, EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total value of $67,420.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel David Tempesta sold 6,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.58, for a total value of $101,270.00. Following the completion of the transaction, the insider now owns 258,188 shares in the company, valued at approximately $4,022,569.04. The disclosure for this sale can be found here. Insiders sold 15,864 shares of company stock worth $243,603 in the last 90 days. Corporate insiders own 1.67% of the company’s stock.

A number of research firms have recently commented on NUAN. Morgan Stanley reissued a “buy” rating and issued a $18.00 price objective on shares of Nuance Communications in a research note on Wednesday, November 22nd. Zacks Investment Research raised Nuance Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. TheStreet downgraded Nuance Communications from a “c” rating to a “d+” rating in a research note on Tuesday, November 28th. Oppenheimer reissued a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a research note on Wednesday, November 29th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.50.

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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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