LS Investment Advisors LLC maintained its position in Nuance Communications, Inc. (NASDAQ:NUAN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,855 shares of the software maker’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Nuance Communications were worth $119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank boosted its position in Nuance Communications by 0.7% in the first quarter. Comerica Bank now owns 12,581 shares of the software maker’s stock valued at $224,000 after buying an additional 90 shares during the period. Ledyard National Bank boosted its position in Nuance Communications by 4.8% in the second quarter. Ledyard National Bank now owns 7,160 shares of the software maker’s stock valued at $125,000 after buying an additional 330 shares during the period. IFP Advisors Inc boosted its position in Nuance Communications by 5.1% in the first quarter. IFP Advisors Inc now owns 8,270 shares of the software maker’s stock valued at $143,000 after buying an additional 400 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Nuance Communications by 1.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 30,900 shares of the software maker’s stock valued at $535,000 after buying an additional 400 shares during the period. Finally, Argent Capital Management LLC boosted its position in Nuance Communications by 2.6% in the first quarter. Argent Capital Management LLC now owns 18,890 shares of the software maker’s stock valued at $327,000 after buying an additional 480 shares during the period. Institutional investors own 84.01% of the company’s stock.

Shares of Nuance Communications, Inc. (NASDAQ NUAN) traded down 1.28% during mid-day trading on Friday, hitting $16.15. 2,101,818 shares of the stock traded hands. The stock’s market cap is $4.66 billion. The stock has a 50-day moving average of $17.33 and a 200 day moving average of $17.44. Nuance Communications, Inc. has a one year low of $13.44 and a one year high of $19.93.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.09. Nuance Communications had a positive return on equity of 14.76% and a negative net margin of 3.38%. The company had revenue of $495.60 million for the quarter, compared to analyst estimates of $495.57 million. During the same period in the previous year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts predict that Nuance Communications, Inc. will post $1.02 EPS for the current fiscal year.

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Several research analysts have commented on the stock. Raymond James Financial, Inc. lowered their price target on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating for the company in a report on Wednesday. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $23.00 price target (down previously from $26.00) on shares of Nuance Communications in a report on Thursday. BidaskClub cut shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Canaccord Genuity lowered their price target on shares of Nuance Communications from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.11.

In other Nuance Communications news, CEO Paul Ricci sold 139,267 shares of Nuance Communications stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $19.10, for a total value of $2,659,999.70. Following the completion of the transaction, the chief executive officer now owns 2,090,036 shares of the company’s stock, valued at $39,919,687.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Katherine A. Martin sold 10,000 shares of Nuance Communications stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $18.34, for a total transaction of $183,400.00. Following the completion of the transaction, the director now directly owns 87,880 shares of the company’s stock, valued at approximately $1,611,719.20. The disclosure for this sale can be found here. Insiders have sold 186,267 shares of company stock valued at $3,518,245 in the last three months. Corporate insiders own 1.67% of the company’s stock.

About Nuance Communications

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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