November 23, 2016 - By Marie Mckinney
Yesterday, an insider trading transaction was made. Katherine Martin, the director and an insider of Nuance Communications Inc sold a total of 10,000 shares of Nuance Communications Inc, worth about $165,202 US Dollars, at $16.5 for share at the time of the transaction. At the moment, Katherine Martin owns 111,000 shares which are exactly 0.04% of Nuance Communications Inc’s market cap (total dollar market value of all company’s outstanding shares).
Out of 9 analysts covering Nuance Communications (NASDAQ:NUAN), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $30 is the highest target while $17 is the lowest. The $21.50 average target is 28.51% above today’s ($16.73) stock price. Nuance Communications has been the topic of 19 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Nuance Communications Inc. (NASDAQ:NUAN) has “Buy” rating given on Wednesday, May 11 by Canaccord Genuity. The rating was maintained by Leerink Swann with “Outperform” on Wednesday, May 11. The rating was maintained by Barclays Capital on Tuesday, August 9 with “Equal-Weight”. Deutsche Bank maintained the shares of NUAN in a report on Tuesday, November 17 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and $22 target price in Tuesday, November 17 report. The rating was upgraded by Standpoint Research on Friday, January 15 to “Buy”. Deutsche Bank maintained Nuance Communications Inc. (NASDAQ:NUAN) on Tuesday, August 9 with “Buy” rating. The firm has “Buy” rating by Standpoint Research given on Monday, January 18. The rating was maintained by UBS with “Neutral” on Tuesday, August 9. The firm has “Outperform” rating by Leerink Swann given on Wednesday, September 9.
Insitutional Activity: The institutional sentiment decreased to 0.76 in 2016 Q2. Its down 0.05, from 0.81 in 2016Q1. The ratio worsened, as 65 funds sold all Nuance Communications Inc. shares owned while 111 reduced positions. 43 funds bought stakes while 99 increased positions. They now own 215.33 million shares or 1.81% more from 211.50 million shares in 2016Q1.
Sentinel Asset Mgmt Incorporated has 0.42% invested in the company for 1.14 million shares. Thompson Davis & last reported 225 shares in the company. Diam Co Limited, a Japan-based fund reported 116,781 shares. Shell Asset Mgmt, a Netherlands-based fund reported 12,363 shares. Federated Pa has invested 0% of its portfolio in Nuance Communications Inc. (NASDAQ:NUAN). Sumitomo Mitsui Asset Ltd holds 16,522 shares or 0.01% of its portfolio. The United Kingdom-based Hsbc Holdings Public Ltd has invested 0% in Nuance Communications Inc. (NASDAQ:NUAN). Quantbot Techs Lp accumulated 99,885 shares or 0.17% of the stock. Teachers Retirement Of The State Of Kentucky holds 865,300 shares or 0.18% of its portfolio. Hbk Invs Limited Partnership reported 693,334 shares or 0.09% of all its holdings. Brant Point Inv Management Ltd Company holds 110,978 shares or 0.16% of its portfolio. Envestnet Asset Management Inc accumulated 56,647 shares or 0% of the stock. Tradewinds Cap Ltd Liability Company holds 0% of its portfolio in Nuance Communications Inc. (NASDAQ:NUAN) for 10 shares. The California-based Checchi Advisers Limited Liability Corp has invested 0% in Nuance Communications Inc. (NASDAQ:NUAN). Los Angeles Capital Mgmt Equity Research Incorporated accumulated 0.42% or 3.20M shares.
Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 7 sales for $623,848 net activity. $55,857 worth of Nuance Communications Inc. (NASDAQ:NUAN) was sold by Bowden Adam Bruce on Tuesday, November 1. $172,288 worth of Nuance Communications Inc. (NASDAQ:NUAN) was sold by MARTIN KATHERINE A.
About 4.07 million shares traded hands or 61.51% up from the average. Nuance Communications Inc. (NASDAQ:NUAN) has declined 12.87% since April 20, 2016 and is downtrending. It has underperformed by 17.42% the S&P500.
Nuance Communications, Inc. is a provider of voice recognition solutions and natural language understanding technologies. The company has a market cap of $4.59 billion. The Firm operates through four divisions: Healthcare; Mobile and Consumer; Enterprise, and Imaging. It currently has negative earnings. The Firm offers its clients solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition capabilities, and domain knowledge, along with professional services and implementation support.
According to Zacks Investment Research, “Nuance Communications, Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents.”
More news for Nuance Communications Inc. (NASDAQ:NUAN) were recently published by: Fool.com, which released: “Why Nuance Communications, Inc. Stock Soared Today” on November 18, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Nuance Communications Inc., 37.5% Follow-Through ..” and published on November 17, 2016 is yet another important article.
Nuance Communications, Inc., incorporated on September 21, 1995, is a well-known provider of voice recognition solutions and natural language understanding technologies. The Firm operates through four divisions: Healthcare; Mobile and Consumer; Enterprise, and Imaging. The Firm offers its clients solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition (OCR) capabilities, and domain knowledge, along with professional services and implementation support. The Firm markets and sells its solutions and technologies around the world directly through a sales force; through its e-commerce Website, and also through a global network of resellers, including system integrators, independent software vendors, value-added resellers, distributors, hardware vendors and telecommunications carriers. It offer its solutions and technologies to its clients in a range of ways, including perpetual licenses, hosted cloud solutions, implementation and custom solution development services and maintenance and support. It offers a range of new digital engagement offerings, including live chat, customer analytics and personalization solutions.
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