Investors Purchase High Volume of Nuance Communications Call Options (NASDAQ:NUAN)

Nuance Communications Inc. (NASDAQ:NUAN) was the recipient of unusually large options trading on Thursday. Traders acquired 6,555 call options on the stock. This represents an increase of approximately 2,310% compared to the average volume of 272 call options.

Several research analysts have weighed in on the company. BidaskClub cut Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. Wedbush restated a “buy” rating and issued a $22.00 price target on shares of Nuance Communications in a research report on Wednesday, July 24th. Zacks Investment Research cut Nuance Communications from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, ValuEngine cut Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.33.

Shares of NASDAQ NUAN traded up $0.06 during mid-day trading on Friday, reaching $17.49. The company had a trading volume of 1,205,689 shares, compared to its average volume of 1,948,773. 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 has a one year low of $12.66 and a one year high of $18.16. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 4.25 and a beta of 0.94. The business’s 50-day simple moving average is $16.74 and its 200 day simple moving average is $16.81.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. Nuance Communications had a return on equity of 13.93% and a net margin of 3.88%. The company had revenue of $460.20 million for the quarter, compared to analysts’ expectations of $455.93 million. On average, sell-side analysts anticipate that Nuance Communications will post 0.82 EPS for the current year.

In other Nuance Communications news, EVP Stefan Ortmanns sold 6,091 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $17.00, for a total transaction of $103,547.00. Following the transaction, the executive vice president now owns 416,521 shares in the company, valued at approximately $7,080,857. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Weideman sold 6,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $16.04, for a total value of $96,240.00. The disclosure for this sale can be found here. Insiders have sold a total of 63,884 shares of company stock worth $1,070,509 in the last quarter. Company insiders own 0.68% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NUAN. River & Mercantile Asset Management LLP bought a new position in Nuance Communications in the second quarter valued at about $1,588,000. Atria Investments LLC grew its position in Nuance Communications by 97.2% in the second quarter. Atria Investments LLC now owns 64,969 shares of the software maker’s stock valued at $1,074,000 after acquiring an additional 32,028 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Nuance Communications by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 142,906 shares of the software maker’s stock valued at $2,282,000 after acquiring an additional 2,050 shares during the last quarter. Natixis grew its position in Nuance Communications by 17.2% in the second quarter. Natixis now owns 134,317 shares of the software maker’s stock valued at $2,145,000 after acquiring an additional 19,673 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its position in Nuance Communications by 1.5% in the second quarter. Vestmark Advisory Solutions Inc. now owns 43,104 shares of the software maker’s stock valued at $688,000 after acquiring an additional 655 shares during the last quarter. Institutional investors 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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