Latest Stocks: Nuance Communications Inc. (NUAN) Director Sells $191,200.00 in Stock

Latest Stocks: Nuance Communications Inc. (NUAN) Director Sells $191,200.00 in Stock

Nuance Communications Inc. (NASDAQ:NUAN) Director Katherine A. Martin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $19.12, for a total transaction of $191,200.00. Following the completion of the sale, the director now owns 97,880 shares in the company, valued at approximately $1,871,465.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Nuance Communications Inc. (NASDAQ NUAN) opened at 19.18 on Tuesday. The stock has a 50 day moving average of $18.29 and a 200-day moving average of $16.78. The company’s market capitalization is $5.52 billion. Nuance Communications Inc. has a 12-month low of $13.44 and a 12-month high of $19.93.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by $0.04. Nuance Communications had a positive return on equity of 15.22% and a negative net margin of 1.24%. The business had revenue of $511.10 million during the quarter, compared to analysts’ expectations of $506.83 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Nuance Communications’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Nuance Communications Inc. will post $1.18 EPS for the current year.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by $0.04. Nuance Communications had a positive return on equity of 15.22% and a negative net margin of 1.24%. The business had revenue of $511.10 million during the quarter, compared to analysts’ expectations of $506.83 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Nuance Communications’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Nuance Communications Inc. will post $1.18 EPS for the current year. NUAN has been the topic of several analyst reports. Barclays PLC reiterated a “buy” rating and set a $22.00 price target on shares of Nuance Communications in a research note on Friday, May 12th. Stifel Nicolaus lifted their price target on shares of Nuance Communications from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Citigroup Inc restated an “outperform” rating on shares of Nuance Communications in a research note on Wednesday, February 8th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $26.00 target price on shares of Nuance Communications in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.00.

Large investors have recently added to or reduced their stakes in the company. Formula Growth Ltd. acquired a new stake in Nuance Communications during the third quarter valued at approximately $4,887,000. Jacobs Levy Equity Management Inc. raised its stake in Nuance Communications by 102.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,271,516 shares of the software maker’s stock valued at $18,437,000 after buying an additional 644,180 shares in the last quarter. HBK Investments L P raised its stake in Nuance Communications by 14.9% in the third quarter. HBK Investments L P now owns 796,800 shares of the software maker’s stock valued at $11,554,000 after buying an additional 103,466 shares in the last quarter. United Services Automobile Association raised its position in Nuance Communications by 11.4% in the third quarter. United Services Automobile Association now owns 167,074 shares of the software maker’s stock worth $2,423,000 after buying an additional 17,074 shares during the period. Finally, Hsbc Holdings PLC raised its position in Nuance Communications by 113.7% in the third quarter. Hsbc Holdings PLC now owns 179,940 shares of the software maker’s stock worth $2,606,000 after buying an additional 95,739 shares during the period. Institutional investors and hedge funds own 82.96% of the company’s stock. Nuance Communications Company Profile

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