Nuance Communications Inc. (NUAN) Holdings Trimmed by Advisor Group Inc.

Advisor Group Inc. reduced its position in Nuance Communications Inc. (NASDAQ:NUAN) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,946 shares of the software maker’s stock after selling 978 shares during the period. Advisor Group Inc.’s holdings in Nuance Communications were worth $237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NUAN. Vanguard Group Inc. lifted its position in shares of Nuance Communications by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,400,568 shares of the software maker’s stock worth $439,938,000 after acquiring an additional 81,511 shares during the period. Vanguard Group Inc lifted its position in shares of Nuance Communications by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 25,400,568 shares of the software maker’s stock worth $439,938,000 after buying an additional 81,511 shares during the period. Victory Capital Management Inc. lifted its position in shares of Nuance Communications by 3.3% during the 4th quarter. Victory Capital Management Inc. now owns 15,181,051 shares of the software maker’s stock worth $200,845,000 after buying an additional 481,214 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Nuance Communications by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,704,074 shares of the software maker’s stock worth $46,829,000 after buying an additional 29,740 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of Nuance Communications by 6.1% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,272,808 shares of the software maker’s stock worth $16,839,000 after buying an additional 73,462 shares during the period. 88.60% of the stock is currently owned by institutional investors and hedge funds.

NUAN stock traded down $0.01 during midday trading on Wednesday, hitting $16.86. 1,596,609 shares of the company’s stock were exchanged, compared to its average volume of 2,063,497. The firm has a market cap of $4.79 billion, a PE ratio of 20.81, a P/E/G ratio of 1.88 and a beta of 1.18. Nuance Communications Inc. has a one year low of $12.18 and a one year high of $17.88. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.13.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Thursday, February 7th. The software maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.07. Nuance Communications had a positive return on equity of 13.59% and a negative net margin of 9.50%. The company had revenue of $493.65 million for the quarter, compared to analyst estimates of $504.85 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts forecast that Nuance Communications Inc. will post 0.74 earnings per share for the current year.

Several equities analysts recently commented on NUAN shares. Wedbush restated a “buy” rating and set a $22.00 target price on shares of Nuance Communications in a research report on Friday, February 8th. BidaskClub raised Nuance Communications from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research raised Nuance Communications from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, January 30th. Finally, Morgan Stanley cut Nuance Communications from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $19.00 to $17.00 in a research note on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Nuance Communications currently has an average rating of “Hold” and an average price target of $18.67.

In other news, EVP Thomas L. Beaudoin sold 8,301 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $15.76, for a total value of $130,823.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Weideman sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $17.00, for a total value of $204,000.00. The disclosure for this sale can be found here. Insiders have sold 115,236 shares of company stock worth $1,910,489 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

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

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