New Jersey Better Educational Savings Trust Buys Shares of 24,000 Nuance Communications, Inc. (NUAN)

New Jersey Better Educational Savings Trust bought a new stake in shares of Nuance Communications, Inc. (NASDAQ:NUAN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,000 shares of the software maker’s stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State of New Jersey Common Pension Fund D purchased a new stake in shares of Nuance Communications during the 3rd quarter valued at about $18,864,000. Handelsbanken Fonder AB grew its holdings in Nuance Communications by 20.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,200,000 shares of the software maker’s stock valued at $18,864,000 after purchasing an additional 200,000 shares during the last quarter. Mcrae Capital Management Inc. grew its holdings in Nuance Communications by 2.1% during the 3rd quarter. Mcrae Capital Management Inc. now owns 330,250 shares of the software maker’s stock valued at $5,192,000 after purchasing an additional 6,700 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Nuance Communications during the 3rd quarter valued at about $209,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in Nuance Communications by 11.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 164,397 shares of the software maker’s stock valued at $2,584,000 after purchasing an additional 17,197 shares during the last quarter. Hedge funds and other institutional investors own 84.16% of the company’s stock.

Nuance Communications, Inc. (NUAN) opened at 14.94 on Monday. Nuance Communications, Inc. has a one year low of $13.44 and a one year high of $19.93. The company’s 50-day moving average is $15.74 and its 200 day moving average is $17.09. The company’s market capitalization is $4.31 billion.

Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Tuesday, August 8th. The software maker reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.09). Nuance Communications had a positive return on equity of 14.73% and a negative net margin of 3.38%. The firm had revenue of $495.60 million for the quarter, compared to analysts’ expectations of $495.57 million. During the same period last year, the firm earned $0.38 earnings per share. Nuance Communications’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Nuance Communications, Inc. will post $1.00 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/10/30/new-jersey-better-educational-savings-trust-buys-shares-of-24000-nuance-communications-inc-nuan.html.

Several equities analysts recently commented on NUAN shares. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. BidaskClub downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Barclays PLC cut their price target on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, August 9th. Deutsche Bank AG cut their price target on shares of Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Finally, Canaccord Genuity cut their price target on shares of Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Nuance Communications currently has a consensus rating of “Buy” and a consensus price target of $20.38.

In other news, insider Daniel David Tempesta sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total value of $101,270.00. Following the sale, the insider now directly owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $16.00, for a total transaction of $74,912.00. The disclosure for this sale can be found here. Insiders have sold 25,182 shares of company stock worth $410,317 over the last ninety days. 1.67% of the stock is owned by insiders.

Nuance Communications Profile

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.

Institutional Ownership by Quarter for Nuance Communications (NASDAQ:NUAN)

What are top analysts saying about Nuance Communications Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nuance Communications Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit