Insider Selling: Nuance Communications Inc. (NASDAQ:NUAN) EVP Sells 1,491 Shares of Stock

Nuance Communications Inc. (NASDAQ:NUAN) EVP Stefan Ortmanns sold 1,491 shares of Nuance Communications stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $17.50, for a total transaction of $26,092.50. Following the completion of the transaction, the executive vice president now directly owns 186,041 shares in the company, valued at approximately $3,255,717.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stefan Ortmanns also recently made the following trade(s):

  • On Friday, August 23rd, Stefan Ortmanns sold 9,700 shares of Nuance Communications stock. The stock was sold at an average price of $17.50, for a total transaction of $169,750.00.
  • On Monday, August 19th, Stefan Ortmanns sold 6,091 shares of Nuance Communications stock. The shares were sold at an average price of $17.00, for a total transaction of $103,547.00.

NUAN traded up $0.42 during trading on Wednesday, reaching $17.79. 2,642,269 shares of the company’s stock were exchanged, compared to its average volume of 1,932,530. The business has a 50 day moving average price of $16.71 and a 200 day moving average price of $16.80. The company has a market capitalization of $5.00 billion, a P/E ratio of 21.96, a PEG ratio of 4.29 and a beta of 0.94. Nuance Communications Inc. has a fifty-two week low of $12.66 and a fifty-two week high of $18.16. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Nuance Communications had a return on equity of 13.93% and a net margin of 3.88%. The company had revenue of $460.20 million for the quarter, compared to analyst estimates of $455.93 million. As a group, research analysts forecast that Nuance Communications Inc. will post 0.82 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Formula Growth Ltd. increased its stake in shares of Nuance Communications by 1.6% in the first quarter. Formula Growth Ltd. now owns 1,611,000 shares of the software maker’s stock valued at $27,274,000 after buying an additional 25,000 shares in the last quarter. Sciencast Management LP bought a new position in shares of Nuance Communications in the second quarter worth about $210,000. Arden Trust Co bought a new position in shares of Nuance Communications in the second quarter worth about $465,000. Virginia Retirement Systems ET AL raised its stake in shares of Nuance Communications by 7.3% in the second quarter. Virginia Retirement Systems ET AL now owns 14,700 shares of the software maker’s stock worth $235,000 after acquiring an additional 1,000 shares during the last quarter. Finally, FIL Ltd lifted its position in shares of Nuance Communications by 2.9% during the first quarter. FIL Ltd now owns 9,191,377 shares of the software maker’s stock worth $155,610,000 after purchasing an additional 262,083 shares in the last quarter. 88.86% of the stock is owned by institutional investors.

NUAN has been the topic of a number of recent analyst reports. Wedbush reiterated a “buy” rating and issued a $22.00 price objective on shares of Nuance Communications in a research note on Wednesday, July 24th. BidaskClub cut shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, ValuEngine cut Nuance Communications from a “buy” rating to a “hold” rating in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $19.33.

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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Insider Buying and Selling by Quarter for Nuance Communications (NASDAQ:NUAN)

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