Nuance Communications Inc. (NASDAQ:NUAN) EVP Robert Weideman sold 6,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $17.00, for a total value of $102,000.00. Following the completion of the sale, the executive vice president now directly owns 404,521 shares of the company’s stock, valued at approximately $6,876,857. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert Weideman also recently made the following trade(s):

  • On Monday, August 19th, Robert Weideman sold 12,000 shares of Nuance Communications stock. The shares were sold at an average price of $17.00, for a total transaction of $204,000.00.
  • On Thursday, August 1st, Robert Weideman sold 6,000 shares of Nuance Communications stock. The shares were sold at an average price of $16.53, for a total transaction of $99,180.00.
  • On Monday, July 1st, Robert Weideman sold 6,000 shares of Nuance Communications stock. The stock was sold at an average price of $16.04, for a total transaction of $96,240.00.

Shares of NUAN stock traded up $0.14 during mid-day trading on Monday, reaching $17.52. 181,413 shares of the company’s stock traded hands, compared to its average volume of 1,670,319. The company’s 50-day moving average price is $16.63 and its 200-day moving average price is $16.78. The company has a market cap of $4.85 billion, a P/E ratio of 21.63, a P/E/G ratio of 4.16 and a beta of 0.94. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. Nuance Communications Inc. has a 12 month low of $12.66 and a 12 month high of $18.16.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The business had revenue of $460.20 million for the quarter, compared to analyst estimates of $455.93 million. Nuance Communications had a net margin of 3.88% and a return on equity of 13.93%. Equities analysts predict that Nuance Communications Inc. will post 0.82 earnings per share for the current year.

Several equities research analysts have recently commented on NUAN shares. ValuEngine cut shares of Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Zacks Investment Research upgraded shares of Nuance Communications from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Friday. BidaskClub downgraded Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. Finally, Wedbush reissued a “buy” rating and issued a $22.00 target price on shares of Nuance Communications in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Nuance Communications currently has a consensus rating of “Hold” and a consensus price target of $19.33.

Several hedge funds have recently added to or reduced their stakes in NUAN. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Nuance Communications by 25.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,127 shares of the software maker’s stock valued at $53,000 after buying an additional 628 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in Nuance Communications by 1.5% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 43,104 shares of the software maker’s stock worth $688,000 after buying an additional 655 shares during the last quarter. First Trust Advisors LP raised its position in Nuance Communications by 1.9% in the 1st quarter. First Trust Advisors LP now owns 40,358 shares of the software maker’s stock worth $683,000 after buying an additional 766 shares during the last quarter. Wrapmanager Inc. lifted its stake in Nuance Communications by 3.2% during the 1st quarter. Wrapmanager Inc. now owns 27,193 shares of the software maker’s stock valued at $460,000 after acquiring an additional 848 shares during the period. Finally, Pinebridge Investments L.P. lifted its stake in Nuance Communications by 24.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,645 shares of the software maker’s stock valued at $74,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 88.86% of the company’s stock.

About Nuance Communications

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

Further Reading: Cost of Equity For A Business, Investors

Insider Buying and Selling by Quarter for Nuance Communications (NASDAQ:NUAN)

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