Nuance Communications Inc. (NUAN) Insider Robert Weideman Sells 12,000 Shares

Nuance Communications Inc. (NASDAQ:NUAN) insider Robert Weideman sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $16.93, for a total value of $203,160.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Robert Weideman also recently made the following trade(s):

  • On Monday, April 1st, Robert Weideman sold 12,000 shares of Nuance Communications stock. The stock was sold at an average price of $17.00, for a total value of $204,000.00.
  • On Wednesday, March 20th, Robert Weideman sold 6,000 shares of Nuance Communications stock. The stock was sold at an average price of $17.00, for a total value of $102,000.00.
  • On Friday, March 1st, Robert Weideman sold 6,000 shares of Nuance Communications stock. The stock was sold at an average price of $16.81, for a total value of $100,860.00.
  • On Friday, February 8th, Robert Weideman sold 18,000 shares of Nuance Communications stock. The stock was sold at an average price of $17.00, for a total value of $306,000.00.

Shares of NUAN opened at $16.99 on Friday. The company has a market cap of $4.85 billion, a PE ratio of 19.99, a PEG ratio of 1.92 and a beta of 1.16. Nuance Communications Inc. has a 1 year low of $12.18 and a 1 year high of $17.88. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.95 and a current ratio of 1.95.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Thursday, February 7th. The software maker reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter in the prior year, the firm posted $0.27 EPS. Nuance Communications’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts forecast that Nuance Communications Inc. will post 0.74 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Investors Research Corp raised its holdings in Nuance Communications by 2.5% during the 4th quarter. Investors Research Corp now owns 28,350 shares of the software maker’s stock valued at $375,000 after buying an additional 700 shares during the period. FDx Advisors Inc. raised its holdings in Nuance Communications by 4.8% during the 4th quarter. FDx Advisors Inc. now owns 16,403 shares of the software maker’s stock valued at $217,000 after buying an additional 758 shares during the period. Janney Montgomery Scott LLC raised its holdings in Nuance Communications by 0.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 113,706 shares of the software maker’s stock valued at $1,504,000 after buying an additional 905 shares during the period. Strs Ohio raised its holdings in Nuance Communications by 4.1% during the 1st quarter. Strs Ohio now owns 23,881 shares of the software maker’s stock valued at $404,000 after buying an additional 939 shares during the period. Finally, Wade G W & Inc. raised its holdings in Nuance Communications by 0.8% during the 4th quarter. Wade G W & Inc. now owns 120,953 shares of the software maker’s stock valued at $1,600,000 after buying an additional 940 shares during the period. Institutional investors own 88.53% of the company’s stock.

Several brokerages have recently issued reports on NUAN. BidaskClub cut Nuance Communications from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Zacks Investment Research cut Nuance Communications from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Wedbush reaffirmed a “buy” rating and set a $22.00 price objective on shares of Nuance Communications in a report on Friday, February 8th. Finally, Morgan Stanley cut Nuance Communications from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $19.00 to $17.00 in a report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.67.

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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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