Nomura Holdings Inc. lessened its stake in Nuance Communications, Inc. (NASDAQ:NUAN) by 91.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,564 shares of the software maker’s stock after selling 1,143,450 shares during the quarter. Nomura Holdings Inc.’s holdings in Nuance Communications were worth $1,769,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its holdings in shares of Nuance Communications by 1.7% in the first quarter. Clearbridge Investments LLC now owns 25,590,805 shares of the software maker’s stock worth $442,977,000 after buying an additional 430,377 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Nuance Communications by 1.5% in the second quarter. Vanguard Group Inc. now owns 23,288,701 shares of the software maker’s stock worth $405,455,000 after buying an additional 335,427 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Nuance Communications by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 17,620,101 shares of the software maker’s stock worth $306,763,000 after buying an additional 2,383,671 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Nuance Communications by 5.7% in the second quarter. Pictet Asset Management Ltd. now owns 4,166,815 shares of the software maker’s stock worth $77,128,000 after buying an additional 223,993 shares in the last quarter. Finally, Sirios Capital Management L P lifted its holdings in shares of Nuance Communications by 13.7% in the second quarter. Sirios Capital Management L P now owns 3,832,085 shares of the software maker’s stock worth $66,717,000 after buying an additional 462,608 shares in the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Nuance Communications, Inc. (NUAN) Shares Sold by Nomura Holdings Inc.” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.dailypolitical.com/2017/10/15/nuance-communications-inc-nuan-shares-sold-by-nomura-holdings-inc.html.

In related news, EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $16.00, for a total transaction of $74,912.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel David Tempesta sold 6,500 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $15.99, for a total value of $103,935.00. Following the sale, the insider now directly owns 270,677 shares of the company’s stock, valued at $4,328,125.23. The disclosure for this sale can be found here. Insiders have sold a total of 25,182 shares of company stock valued at $410,317 over the last three months. Corporate insiders own 1.67% of the company’s stock.

Nuance Communications, Inc. (NASDAQ NUAN) opened at 15.75 on Friday. The firm’s 50-day moving average is $15.90 and its 200-day moving average is $17.20. The company’s market cap is $4.55 billion. Nuance Communications, Inc. has a 52-week low of $13.44 and a 52-week high of $19.93.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.18 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.09). Nuance Communications had a positive return on equity of 14.73% and a negative net margin of 3.38%. The company had revenue of $495.60 million for the quarter, compared to analysts’ expectations of $495.57 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Nuance Communications, Inc. will post $1.00 EPS for the current year.

NUAN has been the topic of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 target price (down previously from $19.00) on shares of Nuance Communications in a report on Tuesday, July 25th. BidaskClub downgraded shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Barclays PLC lowered their target price on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, August 9th. Raymond James Financial, Inc. lowered their target price on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Nuance Communications currently has a consensus rating of “Buy” and an average target price of $20.38.

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.

Want to see what other hedge funds are holding NUAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuance Communications, Inc. (NASDAQ:NUAN).

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

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.