Janus Capital Management LLC lowered its stake in Nuance Communications, Inc. (NASDAQ:NUAN) by 35.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,076 shares of the software maker’s stock after selling 8,400 shares during the period. Janus Capital Management LLC’s holdings in Nuance Communications were worth $261,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Nuance Communications by 5.6% in the first quarter. Vanguard Group Inc. now owns 22,953,274 shares of the software maker’s stock valued at $397,322,000 after buying an additional 1,222,707 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Nuance Communications by 0.6% in the first quarter. Primecap Management Co. CA now owns 11,901,565 shares of the software maker’s stock valued at $206,016,000 after buying an additional 71,216 shares during the period. FIL Ltd increased its position in shares of Nuance Communications by 8.0% in the first quarter. FIL Ltd now owns 9,240,823 shares of the software maker’s stock valued at $159,959,000 after buying an additional 680,563 shares during the period. Neuberger Berman Group LLC increased its position in shares of Nuance Communications by 2.0% in the first quarter. Neuberger Berman Group LLC now owns 4,750,025 shares of the software maker’s stock valued at $82,223,000 after buying an additional 94,472 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in shares of Nuance Communications by 49.3% in the first quarter. Pictet Asset Management Ltd. now owns 3,942,822 shares of the software maker’s stock valued at $68,250,000 after buying an additional 1,302,167 shares during the period. 86.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nuance Communications, Inc. (NASDAQ NUAN) opened at 17.45 on Tuesday. The firm’s market capitalization is $5.02 billion. Nuance Communications, Inc. has a 52 week low of $13.44 and a 52 week high of $19.93. The stock has a 50 day moving average price of $18.01 and a 200-day moving average price of $17.34.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Tuesday, May 9th. The software maker reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $511.10 million during the quarter, compared to analyst estimates of $506.83 million. Nuance Communications had a positive return on equity of 15.76% and a negative net margin of 2.57%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, analysts anticipate that Nuance Communications, Inc. will post $1.14 EPS for the current year.

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A number of research firms have recently issued reports on NUAN. Zacks Investment Research downgraded Nuance Communications from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub downgraded Nuance Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Stifel Nicolaus increased their price target on Nuance Communications from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Deutsche Bank AG reissued a “buy” rating and set a $25.00 price target on shares of Nuance Communications in a research report on Monday, June 12th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Nuance Communications in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.25.

In other news, CEO Paul Ricci sold 139,267 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $19.10, for a total transaction of $2,659,999.70. Following the sale, the chief executive officer now owns 2,090,036 shares in the company, valued at $39,919,687.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert C. Schassler sold 2,500 shares of the firm’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $18.00, for a total value of $45,000.00. Following the sale, the insider now owns 209,536 shares in the company, valued at approximately $3,771,648. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,861 shares of company stock worth $3,801,673. Insiders own 1.67% of the company’s stock.

Nuance Communications Company Profile

Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.

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

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