Nisa Investment Advisors LLC cut its stake in shares of Nuance Communications, Inc. (NASDAQ:NUAN) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,730 shares of the software maker’s stock after selling 1,300 shares during the period. Nisa Investment Advisors LLC’s holdings in Nuance Communications were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NUAN. Norges Bank bought a new position in Nuance Communications during the fourth quarter valued at about $18,618,000. Raymond James Trust N.A. bought a new position in Nuance Communications during the first quarter valued at about $185,000. Bank of Montreal Can raised its position in Nuance Communications by 2,147.4% in the first quarter. Bank of Montreal Can now owns 684,206 shares of the software maker’s stock valued at $11,845,000 after buying an additional 653,762 shares during the period. Reliance Trust Co. of Delaware raised its position in Nuance Communications by 9.3% in the first quarter. Reliance Trust Co. of Delaware now owns 57,294 shares of the software maker’s stock valued at $991,000 after buying an additional 4,887 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its position in Nuance Communications by 19.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 119,420 shares of the software maker’s stock valued at $2,068,000 after buying an additional 19,308 shares during the period. Institutional investors own 84.01% of the company’s stock.

Shares of Nuance Communications, Inc. (NASDAQ:NUAN) traded down 1.28% during midday trading on Friday, hitting $16.15. The stock had a trading volume of 2,101,818 shares. The firm has a 50 day moving average price of $17.33 and a 200 day moving average price of $17.44. Nuance Communications, Inc. has a one year low of $13.44 and a one year high of $19.93. The stock’s market cap is $4.66 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 consensus estimate of $0.27 by $0.09. Nuance Communications had a positive return on equity of 14.76% and a negative net margin of 3.38%. The business had revenue of $495.60 million for the quarter, compared to analyst estimates of $495.57 million. During the same period last year, the business posted $0.38 EPS. Nuance Communications’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Nuance Communications, Inc. will post $1.02 earnings per share for the current fiscal year.

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Several equities analysts have issued reports on NUAN shares. Stifel Nicolaus lifted their target price on Nuance Communications from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Barclays PLC reiterated a “buy” rating and issued a $22.00 target price on shares of Nuance Communications in a research note on Friday, May 12th. Zacks Investment Research lowered Nuance Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 target price on shares of Nuance Communications in a research note on Monday, June 12th. Finally, BidaskClub lowered Nuance Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.11.

In other news, VP Adam Bruce Bowden sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $19.15, for a total transaction of $95,750.00. Following the sale, the vice president now owns 149,414 shares of the company’s stock, valued at approximately $2,861,278.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel David Tempesta sold 7,500 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $18.80, for a total value of $141,000.00. Following the sale, the insider now directly owns 295,310 shares in the company, valued at approximately $5,551,828. The disclosure for this sale can be found here. Insiders have sold a total of 186,267 shares of company stock worth $3,518,245 in the last three months. Corporate insiders own 1.67% of the company’s stock.

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

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