Squarepoint Ops LLC grew its holdings in Nuance Communications Inc. (NASDAQ:NUAN) by 413.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 389,503 shares of the software maker’s stock after purchasing an additional 313,621 shares during the quarter. Squarepoint Ops LLC’s holdings in Nuance Communications were worth $6,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Swiss National Bank lifted its position in shares of Nuance Communications by 1.3% during the 2nd quarter. Swiss National Bank now owns 531,100 shares of the software maker’s stock worth $8,482,000 after buying an additional 7,000 shares during the last quarter. Sciencast Management LP bought a new position in Nuance Communications in the second quarter valued at about $210,000. Fisher Asset Management LLC grew its position in Nuance Communications by 14.6% in the third quarter. Fisher Asset Management LLC now owns 1,157,732 shares of the software maker’s stock valued at $18,883,000 after acquiring an additional 147,690 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in Nuance Communications by 7.3% during the second quarter. Virginia Retirement Systems ET AL now owns 14,700 shares of the software maker’s stock worth $235,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in Nuance Communications during the second quarter worth about $211,000. Institutional investors own 90.11% of the company’s stock.

A number of equities research analysts have recently weighed in on NUAN shares. BidaskClub upgraded shares of Nuance Communications from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 23rd. Barclays dropped their price objective on shares of Nuance Communications from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. TheStreet upgraded shares of Nuance Communications from a “c+” rating to a “b” rating in a research report on Wednesday, November 20th. Morgan Stanley decreased their target price on shares of Nuance Communications from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, September 23rd. Finally, Zacks Investment Research cut shares of Nuance Communications from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.25.

In other news, EVP Stefan Ortmanns sold 1,491 shares of Nuance Communications stock in a transaction on Monday, September 9th. The shares were sold at an average price of $17.50, for a total transaction of $26,092.50. Following the transaction, the executive vice president now owns 186,041 shares in the company, valued at $3,255,717.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Wendy Cassity sold 13,656 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $17.51, for a total transaction of $239,116.56. Following the completion of the sale, the executive vice president now directly owns 111,640 shares in the company, valued at approximately $1,954,816.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 688,506 shares of company stock valued at $11,711,681. 0.68% of the stock is owned by company insiders.

Shares of NUAN opened at $17.55 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.37. The stock has a market cap of $5.07 billion, a PE ratio of 23.09, a PEG ratio of 7.22 and a beta of 0.97. Nuance Communications Inc. has a 12-month low of $12.66 and a 12-month high of $18.19. The business has a 50-day simple moving average of $16.47 and a two-hundred day simple moving average of $16.58.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Wednesday, November 20th. The software maker reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. The firm had revenue of $471.97 million for the quarter, compared to analyst estimates of $486.13 million. Nuance Communications had a return on equity of 12.42% and a net margin of 11.83%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. On average, equities research analysts expect that Nuance Communications Inc. will post 0.5 EPS for the current year.

Nuance Communications Company Profile

Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational 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. With decades of domain and AI expertise, Nuance works with thousands of organizations globally across healthcare, financial services, telecommunications, government, and retail – to create stronger relationships and better experiences for their customers and workforce.

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

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