Nuance Communications, Inc. (NUAN) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of Nuance Communications, Inc. (NASDAQ:NUAN) by 92.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,034,146 shares of the software maker’s stock after purchasing an additional 975,243 shares during the quarter. American Century Companies Inc. owned approximately 0.70% of Nuance Communications worth $31,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NUAN. Wellington Management Group LLP boosted its position in Nuance Communications by 96.7% during the first quarter. Wellington Management Group LLP now owns 52,667 shares of the software maker’s stock worth $912,000 after purchasing an additional 25,898 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Nuance Communications by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,312,202 shares of the software maker’s stock worth $40,023,000 after purchasing an additional 219,334 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Nuance Communications by 0.6% during the first quarter. Public Employees Retirement System of Ohio now owns 102,488 shares of the software maker’s stock worth $1,774,000 after purchasing an additional 566 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Nuance Communications by 1.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 30,900 shares of the software maker’s stock worth $535,000 after purchasing an additional 400 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in Nuance Communications by 7.3% during the second quarter. Xact Kapitalforvaltning AB now owns 71,774 shares of the software maker’s stock worth $1,250,000 after purchasing an additional 4,910 shares in the last quarter. Institutional investors own 86.63% of the company’s stock.

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In other Nuance Communications news, insider Daniel David Tempesta sold 6,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $15.58, for a total transaction of $101,270.00. Following the completion of the sale, the insider now directly owns 258,188 shares in the company, valued at $4,022,569.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth M. Siegel sold 4,682 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $16.00, for a total value of $74,912.00. The disclosure for this sale can be found here. Insiders sold 17,682 shares of company stock valued at $280,117 over the last quarter. Insiders own 1.67% of the company’s stock.

Nuance Communications, Inc. (NASDAQ:NUAN) opened at $14.76 on Tuesday. The company has a market capitalization of $4,268.38, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.73 and a beta of 0.58. Nuance Communications, Inc. has a 12 month low of $14.26 and a 12 month high of $19.93. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.20 and a quick ratio of 1.20.

A number of analysts have commented on the company. Zacks Investment Research downgraded Nuance Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price objective (down from $19.00) on shares of Nuance Communications in a research report on Tuesday, July 25th. BidaskClub downgraded Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. reduced their price objective on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reduced their price objective on Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.38.

Nuance Communications Company 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)

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