Nuance Communications Inc. (NUAN) Shares Bought by Handelsbanken Fonder AB
Handelsbanken Fonder AB raised its stake in Nuance Communications Inc. (NASDAQ:NUAN) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,400,000 shares of the software maker’s stock after purchasing an additional 200,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Nuance Communications were worth $22,890,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in NUAN. SG Americas Securities LLC acquired a new position in shares of Nuance Communications during the 3rd quarter valued at $149,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Nuance Communications by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after acquiring an additional 809 shares in the last quarter. CIBC World Markets Inc. acquired a new position in shares of Nuance Communications during the 4th quarter valued at $176,000. ETRADE Capital Management LLC acquired a new position in shares of Nuance Communications during the 3rd quarter valued at $172,000. Finally, FDx Advisors Inc. acquired a new position in shares of Nuance Communications during the 3rd quarter valued at $184,000. Institutional investors own 85.44% of the company’s stock.
Nuance Communications stock opened at $16.95 on Thursday. Nuance Communications Inc. has a 1-year low of $14.02 and a 1-year high of $19.93. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $4,987.01, a price-to-earnings ratio of -62.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.69.
Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. TheStreet upgraded shares of Nuance Communications from a “d+” rating to a “c-” rating in a report on Wednesday, January 17th. Stifel Nicolaus restated a “hold” rating and set a $18.00 target price (down previously from $19.00) on shares of Nuance Communications in a report on Wednesday, November 29th. Oppenheimer restated a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a report on Wednesday, November 29th. Finally, Morgan Stanley restated a “buy” rating and set a $18.00 target price on shares of Nuance Communications in a report on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Nuance Communications has a consensus rating of “Buy” and an average target price of $20.50.
WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/nuance-communications-inc-nuan-shares-bought-by-handelsbanken-fonder-ab/1957811.html.
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.
Want to see what other hedge funds are holding NUAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuance Communications Inc. (NASDAQ:NUAN).
Receive News & Ratings for Nuance Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications and related companies with MarketBeat.com's FREE daily email newsletter.