Nuance Communications, Inc. (NASDAQ:NUAN) CEO Mark D. Benjamin sold 20,828 shares of the stock in a transaction that occurred on Monday, May 17th. The shares were sold at an average price of $52.55, for a total value of $1,094,511.40. Following the transaction, the chief executive officer now directly owns 825,830 shares of the company’s stock, valued at approximately $43,397,366.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Nuance Communications stock opened at $52.87 on Thursday. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 528.70, a PEG ratio of 24.28 and a beta of 1.22. Nuance Communications, Inc. has a fifty-two week low of $20.66 and a fifty-two week high of $53.93. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50 day moving average of $50.81 and a 200 day moving average of $45.53.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Sunday, May 9th. The software maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The company had revenue of $347.00 million during the quarter, compared to analyst estimates of $346.45 million. Nuance Communications had a return on equity of 11.24% and a net margin of 1.89%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. Analysts forecast that Nuance Communications, Inc. will post 0.4 EPS for the current year.
A number of institutional investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. boosted its position in shares of Nuance Communications by 80.1% during the first quarter. Pinnacle Bancorp Inc. now owns 589 shares of the software maker’s stock worth $26,000 after buying an additional 262 shares during the period. Clearview Wealth Advisors LLC purchased a new position in shares of Nuance Communications during the fourth quarter worth $31,000. Trustcore Financial Services LLC boosted its position in shares of Nuance Communications by 25.3% during the first quarter. Trustcore Financial Services LLC now owns 990 shares of the software maker’s stock worth $43,000 after buying an additional 200 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Nuance Communications during the fourth quarter worth $44,000. Finally, Vigilant Capital Management LLC purchased a new position in shares of Nuance Communications during the first quarter worth $44,000. Institutional investors own 97.93% of the company’s stock.
NUAN has been the subject of a number of research analyst reports. Zacks Investment Research raised Nuance Communications from a “sell” rating to a “hold” rating in a report on Wednesday, April 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $56.00 price target on shares of Nuance Communications in a report on Monday. Craig Hallum reaffirmed a “hold” rating and issued a $56.00 price target (down previously from $58.00) on shares of Nuance Communications in a report on Monday, April 19th. Barclays increased their price target on Nuance Communications from $47.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, January 21st. Finally, SVB Leerink cut their price target on Nuance Communications from $60.00 to $56.00 and set an “outperform” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $50.14.
About Nuance Communications
Nuance Communications, Inc provides conversational and cognitive artificial intelligence (AI) innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people – amplifying human intelligence to increase productivity and security.
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