Insider Selling: Nuance Communications, Inc. (NUAN) EVP Sells $67,420.80 in Stock
Nuance Communications, Inc. (NASDAQ:NUAN) 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 transaction of $67,420.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Nuance Communications, Inc. (NUAN) remained flat at $$14.44 during midday trading on Friday. 2,180,000 shares of the stock were exchanged, compared to its average volume of 2,533,619. The firm has a market cap of $4,167.37, a P/E ratio of 14.73, a PEG ratio of 1.69 and a beta of 0.58. Nuance Communications, Inc. has a twelve month low of $14.02 and a twelve month high of $19.93. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.20 and a quick ratio of 1.20.
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Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Morgan Stanley restated an “equal weight” rating and set a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a report on Tuesday, July 25th. BidaskClub downgraded shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Barclays PLC dropped their price objective on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. dropped their price objective on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $20.38.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in Nuance Communications in the second quarter valued at about $103,000. Commonwealth Bank of Australia increased its stake in Nuance Communications by 29.6% in the second quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock valued at $121,000 after acquiring an additional 1,600 shares during the period. Exane Derivatives increased its stake in Nuance Communications by 250.3% in the third quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock valued at $130,000 after acquiring an additional 5,912 shares during the period. Daiwa Securities Group Inc. increased its stake in Nuance Communications by 23.5% in the second quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock valued at $146,000 after acquiring an additional 1,600 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Nuance Communications in the third quarter valued at about $149,000. 86.63% of the stock is currently owned by institutional investors and hedge funds.
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.
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