Sicart Associates LLC lowered its holdings in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 0.5% in the third quarter, Holdings Channel reports. The firm owned 120,220 shares of the software maker’s stock after selling 650 shares during the quarter. Sicart Associates LLC’s holdings in Nuance Communications were worth $1,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also modified their holdings of NUAN. First Trust Advisors LP raised its holdings in Nuance Communications by 1.9% during 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 period. PFS Investments Inc. bought a new stake in Nuance Communications during the second quarter worth approximately $358,000. Penbrook Management LLC boosted its position in Nuance Communications by 5.9% during the second quarter. Penbrook Management LLC now owns 47,550 shares of the software maker’s stock worth $759,000 after purchasing an additional 2,650 shares during the period. Polianta Ltd bought a new stake in Nuance Communications during the second quarter worth approximately $1,062,000. Finally, Machina Capital S.A.S. bought a new stake in Nuance Communications during the second quarter worth approximately $371,000. Hedge funds and other institutional investors own 88.59% of the company’s stock.
Nuance Communications stock traded up $0.03 during midday trading on Monday, reaching $16.00. The stock had a trading volume of 429,155 shares, compared to its average volume of 2,357,587. The firm’s fifty day simple moving average is $16.24 and its 200-day simple moving average is $16.67. Nuance Communications Inc. has a 1-year low of $12.66 and a 1-year high of $18.16. The stock has a market capitalization of $4.50 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 1.77.
In other news, EVP Thomas L. Beaudoin sold 8,301 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $16.45, for a total transaction of $136,551.45. Following the completion of the sale, the executive vice president now directly owns 273,839 shares in the company, valued at approximately $4,504,651.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Weideman sold 6,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $16.53, for a total value of $99,180.00. Following the sale, the executive vice president now owns 432,959 shares of the company’s stock, valued at $7,156,812.27. The disclosure for this sale can be found here. Insiders have sold a total of 704,587 shares of company stock valued at $11,980,500 over the last quarter. 0.68% of the stock is currently owned by corporate insiders.
Several research firms have recently weighed in on NUAN. Barclays reduced their price objective on Nuance Communications from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Wedbush started coverage on Nuance Communications in a research note on Friday, September 27th. They issued an “outperform” rating for the company. Zacks Investment Research lowered Nuance Communications from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. BidaskClub lowered Nuance Communications from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley lowered their target price on Nuance Communications from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.25.
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.
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