Adam Bruce Bowden Sells 2,000 Shares of Nuance Communications Inc. (NUAN) Stock
Nuance Communications Inc. (NASDAQ:NUAN) VP Adam Bruce Bowden sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $17.01, for a total value of $34,020.00. Following the completion of the sale, the vice president now directly owns 188,290 shares of the company’s stock, valued at approximately $3,202,812.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Adam Bruce Bowden also recently made the following trade(s):
- On Wednesday, April 5th, Adam Bruce Bowden sold 9,131 shares of Nuance Communications stock. The shares were sold at an average price of $16.75, for a total value of $152,944.25.
- On Monday, February 13th, Adam Bruce Bowden sold 6,000 shares of Nuance Communications stock. The shares were sold at an average price of $17.00, for a total value of $102,000.00.
Shares of Nuance Communications Inc. (NASDAQ:NUAN) remained flat at $17.03 on Friday. 1,395,458 shares of the company’s stock traded hands. The stock has a 50-day moving average of $16.86 and a 200-day moving average of $15.78. The firm’s market cap is $4.97 billion. Nuance Communications Inc. has a 52-week low of $13.44 and a 52-week high of $18.29.
Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Tuesday, February 7th. The software maker reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Nuance Communications had a positive return on equity of 15.22% and a negative net margin of 1.24%. The business earned $487.70 million during the quarter, compared to the consensus estimate of $490.37 million. During the same period in the prior year, the business posted $0.36 earnings per share. Nuance Communications’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Nuance Communications Inc. will post $1.58 earnings per share for the current year.
A number of research firms have commented on NUAN. Zacks Investment Research raised Nuance Communications from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $26.00 target price on shares of Nuance Communications in a report on Thursday, February 9th. Barclays PLC raised their target price on Nuance Communications from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Citigroup Inc reissued an “outperform” rating on shares of Nuance Communications in a report on Wednesday, February 8th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $20.00 target price on shares of Nuance Communications in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nuance Communications presently has a consensus rating of “Buy” and an average price target of $22.14.
Large investors have recently made changes to their positions in the stock. Crow Point Partners LLC acquired a new position in Nuance Communications during the third quarter valued at $121,000. Hartford Investment Management Co. acquired a new position in Nuance Communications during the third quarter valued at $151,000. Moors & Cabot Inc. acquired a new position in Nuance Communications during the third quarter valued at $163,000. Raymond James Trust N.A. acquired a new position in Nuance Communications during the first quarter valued at $185,000. Finally, Massey Quick & Co. LLC acquired a new position in Nuance Communications during the fourth quarter valued at $186,000. 82.96% of the stock is owned by institutional investors and hedge funds.
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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