Nuance Communications Inc. (NUAN) VP Adam Bruce Bowden Sells 4,000 Shares
Nuance Communications Inc. (NASDAQ:NUAN) VP Adam Bruce Bowden sold 4,000 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $14.45, for a total transaction of $57,800.00. Following the transaction, the vice president now owns 178,195 shares of the company’s stock, valued at approximately $2,574,917.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Adam Bruce Bowden also recently made the following trade(s):
- On Monday, August 1st, Adam Bruce Bowden sold 6,000 shares of Nuance Communications stock. The stock was sold at an average price of $16.03, for a total transaction of $96,180.00.
Nuance Communications Inc. (NASDAQ:NUAN) opened at 14.58 on Thursday. Nuance Communications Inc. has a 52-week low of $13.74 and a 52-week high of $21.83. The company’s 50-day moving average is $14.53 and its 200-day moving average is $16.25. The company’s market capitalization is $4.08 billion.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The business earned $484.90 million during the quarter, compared to analyst estimates of $489.54 million. Nuance Communications had a negative net margin of 2.15% and a positive return on equity of 14.07%. Nuance Communications’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. On average, analysts expect that Nuance Communications Inc. will post $1.51 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. Barclays PLC set a $19.00 target price on shares of Nuance Communications and gave the stock a “hold” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $26.00 price target on shares of Nuance Communications in a research note on Thursday, August 11th. Zacks Investment Research cut shares of Nuance Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Deutsche Bank AG cut their price target on shares of Nuance Communications from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.82.
Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. acquired a new stake in shares of Nuance Communications during the second quarter worth approximately $118,000. BNP Paribas Arbitrage SA raised its stake in shares of Nuance Communications by 6.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,214 shares of the company’s stock worth $128,000 after buying an additional 464 shares during the period. Ledyard National Bank raised its stake in shares of Nuance Communications by 5.1% in the second quarter. Ledyard National Bank now owns 8,230 shares of the company’s stock worth $129,000 after buying an additional 400 shares during the period. MU Investments Co. Ltd. acquired a new stake in shares of Nuance Communications during the second quarter worth approximately $149,000. Finally, LS Investment Advisors LLC raised its stake in shares of Nuance Communications by 25.1% in the second quarter. LS Investment Advisors LLC now owns 10,189 shares of the company’s stock worth $159,000 after buying an additional 2,044 shares during the period. Institutional investors and hedge funds own 85.18% of the company’s stock.
About Nuance Communications
Nuance Communications, Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company operates through four segments: Healthcare, Mobile and Consumer, Enterprise and Imaging. The Healthcare segment is a provider in clinical speech and clinical language understanding solutions.
Receive News & Ratings for Nuance Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.