Nuance Communications Inc. (NASDAQ:NUAN) EVP Stefan Ortmanns Sells 6,091 Shares

Nuance Communications Inc. (NASDAQ:NUAN) EVP Stefan Ortmanns sold 6,091 shares of Nuance Communications stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $17.00, for a total value of $103,547.00. Following the sale, the executive vice president now directly owns 416,521 shares in the company, valued at $7,080,857. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NUAN stock traded down $0.04 during trading on Thursday, reaching $17.39. 23,226 shares of the stock were exchanged, compared to its average volume of 1,913,329. Nuance Communications Inc. has a twelve month low of $12.66 and a twelve month high of $18.16. The company has a market capitalization of $4.88 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91. The stock has a 50 day simple moving average of $16.41 and a 200-day simple moving average of $16.74. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94.

A number of research firms recently weighed in on NUAN. Zacks Investment Research downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. BidaskClub downgraded Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Wedbush reissued a “buy” rating and set a $22.00 target price on shares of Nuance Communications in a research report on Wednesday, July 24th. Finally, ValuEngine downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.00.

A number of hedge funds have recently added to or reduced their stakes in NUAN. Tower Research Capital LLC TRC acquired a new stake in Nuance Communications during the second quarter valued at approximately $26,000. Bremer Bank National Association acquired a new stake in Nuance Communications during the first quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 purchasing an additional 628 shares in the last quarter. Pinebridge Investments L.P. boosted its holdings in Nuance Communications by 24.0% during the second quarter. Pinebridge Investments L.P. now owns 4,645 shares of the software maker’s stock valued at $74,000 after purchasing an additional 900 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its holdings in Nuance Communications by 603.8% during the second quarter. Neuburgh Advisers LLC now owns 5,856 shares of the software maker’s stock valued at $93,000 after purchasing an additional 5,024 shares in the last quarter. 88.13% of the stock is currently owned by institutional investors and hedge funds.

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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