Insider Selling: Nuance Communications Inc. (NASDAQ:NUAN) EVP Sells 12,355 Shares of Stock

Nuance Communications Inc. (NASDAQ:NUAN) EVP Thomas Beaudoin sold 12,355 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.60, for a total value of $205,093.00. Following the sale, the executive vice president now owns 255,884 shares in the company, valued at approximately $4,247,674.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ NUAN opened at $17.75 on Monday. The stock’s 50-day simple moving average is $15.86 and its two-hundred day simple moving average is $16.56. Nuance Communications Inc. has a twelve month low of $12.66 and a twelve month high of $18.16. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 4.15 and a beta of 0.94.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Wednesday, November 20th. The software maker reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. Nuance Communications had a return on equity of 12.68% and a net margin of 11.83%. The business had revenue of $471.97 million for the quarter, compared to the consensus estimate of $486.13 million. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts expect that Nuance Communications Inc. will post 0.84 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its stake in shares of Nuance Communications by 1.9% during the first quarter. First Trust Advisors LP now owns 40,358 shares of the software maker’s stock valued at $683,000 after buying an additional 766 shares during the last quarter. PFS Investments Inc. bought a new position in shares of Nuance Communications during the second quarter valued at about $358,000. Penbrook Management LLC grew its stake in shares of Nuance Communications by 5.9% during the second quarter. Penbrook Management LLC now owns 47,550 shares of the software maker’s stock valued at $759,000 after buying an additional 2,650 shares during the last quarter. Polianta Ltd bought a new position in shares of Nuance Communications during the second quarter valued at about $1,062,000. Finally, Machina Capital S.A.S. bought a new position in shares of Nuance Communications during the second quarter valued at about $371,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

A number of equities research analysts have weighed in on NUAN shares. Zacks Investment Research downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Barclays lowered their price target on Nuance Communications from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. ValuEngine downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. BidaskClub upgraded Nuance Communications from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Wedbush started coverage on Nuance Communications in a research report on Friday, September 27th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Nuance Communications currently has a consensus rating of “Hold” and a consensus price target of $18.25.

About Nuance Communications

Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people – amplifying human intelligence to increase productivity and security. With decades of domain and AI expertise, Nuance works with thousands of organizations globally across healthcare, financial services, telecommunications, government, and retail – to create stronger relationships and better experiences for their customers and workforce.

Further Reading: What is Depreciation?

Insider Buying and Selling by Quarter for Nuance Communications (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.