Investors Purchase High Volume of Nuance Communications Call Options (NASDAQ:NUAN)
Nuance Communications Inc. (NASDAQ:NUAN) was the target of unusually large options trading on Thursday. Stock investors acquired 6,555 call options on the company. This represents an increase of 2,310% compared to the average daily volume of 272 call options.
Shares of NASDAQ NUAN traded up $0.06 during midday trading on Friday, hitting $17.49. 1,205,689 shares of the stock traded hands, compared to its average volume of 1,948,773. The company has a market cap of $5.03 billion, a PE ratio of 21.59, a P/E/G ratio of 4.25 and a beta of 0.94. Nuance Communications has a one year low of $12.66 and a one year high of $18.16. The business has a 50 day moving average price of $16.74 and a two-hundred day moving average price of $16.81. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 1.77.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm had revenue of $460.20 million during the quarter, compared to the consensus estimate of $455.93 million. Nuance Communications had a return on equity of 13.93% and a net margin of 3.88%. As a group, equities research analysts forecast that Nuance Communications will post 0.82 EPS for the current fiscal year.
In other news, insider Robert Weideman sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $16.04, for a total transaction of $96,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas L. Beaudoin sold 8,301 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $16.04, for a total value of $133,148.04. Following the sale, the executive vice president now owns 284,993 shares of the company’s stock, valued at approximately $4,571,287.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,884 shares of company stock valued at $1,070,509. 0.68% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Nuance Communications by 0.8% during the second quarter. Vanguard Group Inc. now owns 26,328,658 shares of the software maker’s stock worth $420,468,000 after buying an additional 204,438 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Nuance Communications by 1.2% during the first quarter. Clearbridge Investments LLC now owns 24,065,209 shares of the software maker’s stock worth $407,424,000 after buying an additional 277,227 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Nuance Communications by 10.4% during the second quarter. Victory Capital Management Inc. now owns 16,946,256 shares of the software maker’s stock worth $270,632,000 after buying an additional 1,599,212 shares in the last quarter. FIL Ltd grew its holdings in Nuance Communications by 2.9% during the first quarter. FIL Ltd now owns 9,191,377 shares of the software maker’s stock worth $155,610,000 after buying an additional 262,083 shares in the last quarter. Finally, RGM Capital LLC boosted its position in Nuance Communications by 5.4% in the second quarter. RGM Capital LLC now owns 6,016,877 shares of the software maker’s stock worth $96,090,000 after purchasing an additional 306,700 shares during the last quarter. Institutional investors and hedge funds own 88.86% of the company’s stock.
About Nuance Communications
Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.
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