Nuance Communications, Inc. (NUAN) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of Nuance Communications, Inc. (NASDAQ:NUAN) by 11.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 638,594 shares of the software maker’s stock after purchasing an additional 66,711 shares during the period. Victory Capital Management Inc. owned 0.22% of Nuance Communications worth $10,039,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NUAN. Wellington Management Group LLP raised its position in shares of Nuance Communications by 96.7% during the 1st quarter. Wellington Management Group LLP now owns 52,667 shares of the software maker’s stock valued at $912,000 after purchasing an additional 25,898 shares during the period. Dimensional Fund Advisors LP increased its holdings in Nuance Communications by 10.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,312,202 shares of the software maker’s stock valued at $40,023,000 after acquiring an additional 219,334 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Nuance Communications by 0.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 102,488 shares of the software maker’s stock valued at $1,774,000 after acquiring an additional 566 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Nuance Communications by 1.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 30,900 shares of the software maker’s stock valued at $535,000 after acquiring an additional 400 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in Nuance Communications by 7.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 71,774 shares of the software maker’s stock valued at $1,250,000 after acquiring an additional 4,910 shares during the last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.

A number of analysts have issued reports on NUAN shares. Deutsche Bank AG reduced their price target on shares of Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Canaccord Genuity reduced their price target on shares of Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target (down from $19.00) on shares of Nuance Communications in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $23.00 price target (down from $26.00) on shares of Nuance Communications in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $20.38.

In related news, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.58, for a total transaction of $101,270.00. Following the completion of the transaction, the insider now directly owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications 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 disclosure for this sale can be found here. Insiders sold a total of 17,682 shares of company stock valued at $280,117 over the last three months. Corporate insiders own 1.67% of the company’s stock.

Nuance Communications, Inc. (NASDAQ NUAN) opened at $14.29 on Wednesday. Nuance Communications, Inc. has a 52 week low of $14.26 and a 52 week high of $19.93. The company has a market cap of $4,259.73, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.73 and a beta of 0.58. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.14.

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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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