Nuance Communications Inc. (NUAN) Insider Sells $321,000.00 in Stock

Nuance Communications Inc. (NASDAQ:NUAN) insider Alvaro Monserrat sold 20,000 shares of Nuance Communications stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $16.05, for a total value of $321,000.00. Following the completion of the sale, the insider now directly owns 217,743 shares in the company, valued at approximately $3,494,775.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nuance Communications stock traded down $0.47 during midday trading on Tuesday, reaching $15.68. The stock had a trading volume of 2,716,778 shares, compared to its average volume of 2,654,202. Nuance Communications Inc. has a 1-year low of $12.18 and a 1-year high of $18.75. The firm has a market cap of $4.60 billion, a PE ratio of 19.36, a P/E/G ratio of 1.65 and a beta of 0.84. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.22 and a current ratio of 1.22.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Monday, November 19th. The software maker reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.06. The firm had revenue of $536.21 million during the quarter, compared to the consensus estimate of $525.05 million. Nuance Communications had a positive return on equity of 12.66% and a negative net margin of 7.80%. The business’s revenue 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. As a group, equities research analysts predict that Nuance Communications Inc. will post 0.81 EPS for the current year.

Nuance Communications declared that its board has authorized a share buyback plan on Wednesday, August 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the software maker to purchase up to 10.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages recently issued reports on NUAN. BidaskClub lowered Nuance Communications from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Nuance Communications from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Zacks Investment Research lowered Nuance Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Standpoint Research lowered Nuance Communications from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Stifel Nicolaus lifted their target price on Nuance Communications from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 9th. One research 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. Nuance Communications has a consensus rating of “Hold” and a consensus target price of $19.88.

A number of hedge funds have recently bought and sold shares of NUAN. Criterion Capital Management LLC grew its stake in Nuance Communications by 140.1% in the second quarter. Criterion Capital Management LLC now owns 6,435,017 shares of the software maker’s stock valued at $89,350,000 after purchasing an additional 3,755,121 shares in the last quarter. RGM Capital LLC bought a new position in Nuance Communications in the second quarter valued at approximately $42,251,000. Victory Capital Management Inc. grew its stake 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 in the last quarter. William Blair Investment Management LLC bought a new position in Nuance Communications in the third quarter valued at approximately $16,548,000. Finally, Numen Capital LLP bought a new position in Nuance Communications in the second quarter valued at approximately $6,873,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

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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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