First Allied Advisory Services Inc. acquired a new position in shares of Nuance Communications, Inc. (NASDAQ:NUAN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 33,585 shares of the software maker’s stock, valued at approximately $581,000.

Several other large investors have also recently made changes to their positions in NUAN. Clearbridge Investments LLC boosted its stake in Nuance Communications by 1.7% in the 1st quarter. Clearbridge Investments LLC now owns 25,590,805 shares of the software maker’s stock valued at $442,977,000 after buying an additional 430,377 shares in the last quarter. Vanguard Group Inc. boosted its stake in Nuance Communications by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 23,288,701 shares of the software maker’s stock valued at $405,455,000 after buying an additional 335,427 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Nuance Communications by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,620,101 shares of the software maker’s stock valued at $306,763,000 after buying an additional 2,383,671 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Nuance Communications by 5.7% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,166,815 shares of the software maker’s stock valued at $77,128,000 after buying an additional 223,993 shares in the last quarter. Finally, Sirios Capital Management L P boosted its stake in Nuance Communications by 13.7% in the 2nd quarter. Sirios Capital Management L P now owns 3,832,085 shares of the software maker’s stock valued at $66,717,000 after buying an additional 462,608 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Nuance Communications, Inc. (NASDAQ NUAN) opened at 15.94 on Thursday. The firm has a 50-day moving average price of $15.90 and a 200 day moving average price of $17.24. Nuance Communications, Inc. has a 12 month low of $13.44 and a 12 month high of $19.93. The company’s market cap is $4.60 billion.

Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Tuesday, August 8th. The software maker reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.09). The business had revenue of $495.60 million during the quarter, compared to analyst estimates of $495.57 million. Nuance Communications had a negative net margin of 3.38% and a positive return on equity of 14.73%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. On average, equities analysts expect that Nuance Communications, Inc. will post $1.00 earnings per share for the current year.

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Several analysts recently commented on NUAN shares. BidaskClub lowered Nuance Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a research note on Tuesday, July 25th. Barclays PLC decreased their price target on Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 9th. Raymond James Financial, Inc. decreased their price target on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered Nuance Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $20.38.

In other Nuance Communications news, insider Daniel David Tempesta sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $17.36, for a total value of $130,200.00. Following the sale, the insider now owns 270,810 shares of the company’s stock, valued at approximately $4,701,261.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 20,500 shares of company stock worth $335,405. Company insiders own 1.67% of the company’s stock.

Nuance Communications Company 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.

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

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