Nuance Communications Inc. (NUAN) Shares Bought by First Republic Investment Management Inc.

First Republic Investment Management Inc. grew its position in Nuance Communications Inc. (NASDAQ:NUAN) by 23.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,984 shares of the software maker’s stock after buying an additional 8,541 shares during the quarter. First Republic Investment Management Inc.’s holdings in Nuance Communications were worth $707,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Segall Bryant & Hamill LLC increased its position in shares of Nuance Communications by 6.6% in the third quarter. Segall Bryant & Hamill LLC now owns 318,605 shares of the software maker’s stock valued at $5,008,000 after buying an additional 19,769 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Nuance Communications by 12.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 133,528 shares of the software maker’s stock valued at $2,099,000 after buying an additional 15,000 shares in the last quarter. Granite Point Capital Management L.P. increased its position in shares of Nuance Communications by 37.6% in the third quarter. Granite Point Capital Management L.P. now owns 34,400 shares of the software maker’s stock valued at $541,000 after buying an additional 9,400 shares in the last quarter. Sirios Capital Management L P increased its position in shares of Nuance Communications by 30.9% in the third quarter. Sirios Capital Management L P now owns 5,015,098 shares of the software maker’s stock valued at $78,838,000 after buying an additional 1,183,013 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Nuance Communications by 56.5% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 72,126 shares of the software maker’s stock valued at $1,134,000 after buying an additional 26,051 shares in the last quarter. Institutional investors and hedge funds own 85.06% of the company’s stock.

Shares of Nuance Communications Inc. (NUAN) opened at $16.87 on Friday. The company has a market capitalization of $4,980.00, a PE ratio of 20.75, a P/E/G ratio of 1.71 and a beta of 0.60. Nuance Communications Inc. has a 52-week low of $14.02 and a 52-week high of $19.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 1.19.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $474.70 million during the quarter, compared to analysts’ expectations of $457.09 million. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. analysts expect that Nuance Communications Inc. will post 0.81 earnings per share for the current year.

In other Nuance Communications news, insider Daniel David Tempesta sold 6,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $15.58, for a total value of $101,270.00. Following the sale, the insider now directly owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $74,912.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,864 shares of company stock valued at $243,603. 1.67% of the stock is currently owned by company insiders.

A number of brokerages have recently weighed in on NUAN. BidaskClub upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, December 5th. TheStreet cut Nuance Communications from a “c” rating to a “d+” rating in a research report on Tuesday, November 28th. Oppenheimer restated a “buy” rating and issued a $23.00 price target on shares of Nuance Communications in a research report on Wednesday, November 29th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.50.

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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.

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

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