Northwestern Mutual Wealth Management Co. boosted its holdings in Nuance Communications Inc. (NASDAQ:NUAN) by 25.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,127 shares of the software maker’s stock after purchasing an additional 628 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Nuance Communications were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bremer Trust National Association bought a new position in shares of Nuance Communications in the 4th quarter valued at about $26,000. Robeco Institutional Asset Management B.V. grew its position in shares of Nuance Communications by 81.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,129 shares of the software maker’s stock valued at $28,000 after acquiring an additional 956 shares during the period. Bremer Bank National Association bought a new position in shares of Nuance Communications in the 1st quarter valued at about $30,000. Enlightenment Research LLC bought a new position in shares of Nuance Communications in the 4th quarter valued at about $74,000. Finally, Pearl River Capital LLC bought a new position in shares of Nuance Communications in the 4th quarter valued at about $87,000. 87.84% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Arthur G. Giterman sold 5,309 shares of Nuance Communications stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $16.95, for a total transaction of $89,987.55. Following the completion of the sale, the senior vice president now owns 74,713 shares of the company’s stock, valued at approximately $1,266,385.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Weideman sold 6,000 shares of Nuance Communications stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.00, for a total transaction of $102,000.00. Following the sale, the executive vice president now directly owns 475,900 shares of the company’s stock, valued at approximately $8,090,300. The disclosure for this sale can be found here. Insiders have sold a total of 127,633 shares of company stock valued at $2,190,280 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Shares of NUAN stock opened at $16.83 on Friday. The stock has a market cap of $4.88 billion, a P/E ratio of 18.91, a P/E/G ratio of 4.23 and a beta of 1.05. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. Nuance Communications Inc. has a 52 week low of $12.66 and a 52 week high of $18.16.

Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Wednesday, May 8th. The software maker reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $449.90 million. Nuance Communications had a return on equity of 14.00% and a net margin of 2.44%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. On average, research analysts forecast that Nuance Communications Inc. will post 0.8 EPS for the current year.

A number of research analysts have recently commented on NUAN shares. ValuEngine raised shares of Nuance Communications from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Wedbush reissued a “buy” rating and issued a $22.00 price objective on shares of Nuance Communications in a research report on Thursday, May 9th. Zacks Investment Research raised shares of Nuance Communications from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, April 4th. Finally, BidaskClub raised shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.20.

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Nuance Communications Company Profile

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

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