First Allied Advisory Services Inc. Grows Holdings in Nuance Communications Inc. (NUAN)

First Allied Advisory Services Inc. raised its stake in Nuance Communications Inc. (NASDAQ:NUAN) by 30.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 41,842 shares of the software maker’s stock after buying an additional 9,728 shares during the period. First Allied Advisory Services Inc.’s holdings in Nuance Communications were worth $686,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Mcrae Capital Management Inc. boosted its position in Nuance Communications by 2.1% in the 3rd quarter. Mcrae Capital Management Inc. now owns 330,250 shares of the software maker’s stock valued at $5,192,000 after buying an additional 6,700 shares during the period. Staley Capital Advisers Inc. boosted its position in Nuance Communications by 0.8% in the 3rd quarter. Staley Capital Advisers Inc. now owns 1,187,500 shares of the software maker’s stock valued at $18,667,000 after buying an additional 10,000 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Nuance Communications by 6.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock worth $77,090,000 after purchasing an additional 277,184 shares during the period. LMR Partners LLP purchased a new stake in shares of Nuance Communications in the 4th quarter worth approximately $4,573,000. Finally, Legal & General Group Plc lifted its position in shares of Nuance Communications by 9.7% in the 3rd quarter. Legal & General Group Plc now owns 1,303,336 shares of the software maker’s stock worth $20,488,000 after purchasing an additional 115,718 shares during the period. 84.64% of the stock is owned by institutional investors.

Shares of Nuance Communications Inc. (NASDAQ NUAN) opened at $16.21 on Friday. Nuance Communications Inc. has a 52-week low of $14.02 and a 52-week high of $19.93. The firm has a market cap of $4,781.42, a P/E ratio of 20.87, a PEG ratio of 1.64 and a beta of 0.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.46 and a quick ratio of 1.46.

Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Thursday, February 8th. The software maker reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Nuance Communications had a negative net margin of 3.76% and a positive return on equity of 11.62%. The company had revenue of $508.80 million during the quarter, compared to analysts’ expectations of $508.55 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. Nuance Communications’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts expect that Nuance Communications Inc. will post 0.83 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Oppenheimer reaffirmed a “buy” rating and issued a $23.00 price target on shares of Nuance Communications in a research report on Wednesday, November 29th. BidaskClub raised shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research cut shares of Nuance Communications from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Canaccord Genuity reaffirmed a “buy” rating and issued a $21.00 price target on shares of Nuance Communications in a research report on Monday, January 22nd. Finally, TheStreet raised shares of Nuance Communications from a “d+” rating to a “c-” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus 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.

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

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