Nuance Communications Inc. (NUAN) EVP Thomas L. Beaudoin Sells 8,310 Shares

Nuance Communications Inc. (NASDAQ:NUAN) EVP Thomas L. Beaudoin sold 8,310 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $16.03, for a total value of $133,209.30. Following the transaction, the executive vice president now directly owns 351,435 shares of the company’s stock, valued at $5,633,503.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NUAN opened at $15.61 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.27. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.61 and a beta of 0.84. Nuance Communications Inc. has a 52 week low of $12.18 and a 52 week high of $18.75.

Nuance Communications (NASDAQ:NUAN) last released its earnings results on Monday, November 19th. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. Nuance Communications had a positive return on equity of 12.66% and a negative net margin of 7.80%. The company had revenue of $536.21 million for the quarter, compared to analysts’ expectations of $525.05 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Nuance Communications Inc. will post 0.81 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TRUE Private Wealth Advisors acquired a new position in Nuance Communications during the 3rd quarter worth approximately $106,000. Icon Wealth Partners LLC acquired a new position in Nuance Communications during the 2nd quarter worth approximately $116,000. Sapphire Star Partners LP acquired a new position in Nuance Communications during the 3rd quarter worth approximately $156,000. Belpointe Asset Management LLC acquired a new position in Nuance Communications during the 3rd quarter worth approximately $162,000. Finally, Fifth Third Bancorp increased its position in Nuance Communications by 45.8% during the 3rd quarter. Fifth Third Bancorp now owns 9,631 shares of the software maker’s stock worth $167,000 after purchasing an additional 3,026 shares during the period. Institutional investors own 88.37% of the company’s stock.

Several research analysts recently commented on the company. BidaskClub cut Nuance Communications from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut Nuance Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. Wedbush assumed coverage on Nuance Communications in a research note on Thursday, October 18th. They set an “outperform” rating and a $22.00 target price for the company. ValuEngine raised Nuance Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Finally, Standpoint Research cut Nuance Communications from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Nuance Communications presently has an average rating of “Hold” and an average price target of $19.88.

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About Nuance Communications

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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