Nuance Communications Inc. (NUAN) EVP Sells $133,209.30 in Stock

Nuance Communications Inc. (NASDAQ:NUAN) EVP Thomas L. Beaudoin sold 8,310 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $16.03, for a total value of $133,209.30. Following the sale, the executive vice president now owns 351,435 shares of the company’s stock, valued at $5,633,503.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Nuance Communications stock opened at $15.61 on Friday. The stock has a market cap of $4.51 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.61 and a beta of 0.84. Nuance Communications Inc. has a 52 week low of $12.18 and a 52 week high of $18.75. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.27.

Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Monday, November 19th. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The firm had revenue of $536.21 million for the quarter, compared to analyst estimates of $525.05 million. Nuance Communications had a positive return on equity of 12.66% and a negative net margin of 7.80%. Nuance Communications’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Research analysts anticipate that Nuance Communications Inc. will post 0.81 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of NUAN. Janney Montgomery Scott LLC grew its holdings in Nuance Communications by 93.5% during the second quarter. Janney Montgomery Scott LLC now owns 114,916 shares of the software maker’s stock worth $1,596,000 after acquiring an additional 55,523 shares during the period. Wedge Capital Management L L P NC grew its holdings in Nuance Communications by 23.0% in the second quarter. Wedge Capital Management L L P NC now owns 40,265 shares of the software maker’s stock valued at $559,000 after purchasing an additional 7,529 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Nuance Communications by 167.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 138,009 shares of the software maker’s stock valued at $1,916,000 after purchasing an additional 86,375 shares during the period. Victory Capital Management Inc. grew its holdings in Nuance Communications by 27.1% in the second quarter. Victory Capital Management Inc. now owns 13,050,497 shares of the software maker’s stock valued at $181,205,000 after purchasing an additional 2,782,984 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in Nuance Communications by 67.2% in the second quarter. D.A. Davidson & CO. now owns 90,841 shares of the software maker’s stock valued at $1,262,000 after purchasing an additional 36,507 shares during the period. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on NUAN. BidaskClub cut Nuance Communications from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research cut Nuance Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. Standpoint Research cut Nuance Communications from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, Stifel Nicolaus increased their price objective on Nuance Communications from $15.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.88.

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Nuance Communications Company Profile

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.

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