Meiji Yasuda Life Insurance Co Acquires Shares of 11,800 Nuance Communications, Inc. (NUAN)

Meiji Yasuda Life Insurance Co purchased a new position in Nuance Communications, Inc. (NASDAQ:NUAN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,800 shares of the software maker’s stock, valued at approximately $204,000.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Nuance Communications by 4.8% in the third quarter. Rhumbline Advisers now owns 227,947 shares of the software maker’s stock worth $3,305,000 after buying an additional 10,420 shares in the last quarter. Country Trust Bank boosted its position in shares of Nuance Communications by 84.9% in the third quarter. Country Trust Bank now owns 1,007,740 shares of the software maker’s stock worth $14,612,000 after buying an additional 462,800 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Nuance Communications by 0.9% in the third quarter. California State Teachers Retirement System now owns 480,124 shares of the software maker’s stock worth $6,962,000 after buying an additional 4,300 shares in the last quarter. BB&T Securities LLC boosted its position in shares of Nuance Communications by 11.2% in the third quarter. BB&T Securities LLC now owns 19,150 shares of the software maker’s stock worth $277,000 after buying an additional 1,934 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Nuance Communications by 1.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 496,684 shares of the software maker’s stock worth $7,202,000 after buying an additional 6,744 shares in the last quarter. 85.98% of the stock is currently owned by institutional investors.

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

Shares of Nuance Communications, Inc. (NASDAQ NUAN) traded down 0.33% during midday trading on Friday, reaching $18.20. 2,304,242 shares of the company’s stock traded hands. The firm’s market cap is $5.24 billion. Nuance Communications, Inc. has a 52-week low of $13.44 and a 52-week high of $19.93. The company has a 50 day moving average of $18.64 and a 200 day moving average of $16.90.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Nuance Communications had a positive return on equity of 15.76% and a negative net margin of 2.57%. The business had revenue of $511.10 million for the quarter, compared to analyst estimates of $506.83 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that Nuance Communications, Inc. will post $1.18 EPS for the current fiscal year.

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A number of equities research analysts recently commented on the stock. Deutsche Bank AG restated a “buy” rating and set a $25.00 price objective on shares of Nuance Communications in a report on Monday. Zacks Investment Research lowered shares of Nuance Communications from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 17th. Stifel Nicolaus raised their price objective on shares of Nuance Communications from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Finally, Barclays PLC restated a “buy” rating and set a $22.00 price objective on shares of Nuance Communications in a report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Nuance Communications presently has a consensus rating of “Buy” and an average price target of $22.00.

In other Nuance Communications news, VP Adam Bruce Bowden sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $17.01, for a total transaction of $34,020.00. Following the transaction, the vice president now owns 188,290 shares in the company, valued at $3,202,812.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Paul Ricci sold 139,267 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $19.10, for a total transaction of $2,659,999.70. Following the transaction, the chief executive officer now owns 2,090,036 shares in the company, valued at approximately $39,919,687.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,492 shares of company stock worth $3,857,988. Corporate insiders own 1.67% of the company’s stock.

About Nuance Communications

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.

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