Ladenburg Thalmann Financial Services Inc. Has $260,000 Holdings in Nuance Communications Inc. (NUAN)

Ladenburg Thalmann Financial Services Inc. raised its holdings in Nuance Communications Inc. (NASDAQ:NUAN) by 49.1% during the fourth quarter, HoldingsChannel reports. The firm owned 15,921 shares of the software maker’s stock after purchasing an additional 5,245 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Nuance Communications were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Nuance Communications in the 3rd quarter valued at approximately $149,000. CIBC World Markets Inc. purchased a new stake in Nuance Communications in the 4th quarter valued at approximately $176,000. The Manufacturers Life Insurance Company boosted its holdings in Nuance Communications by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after purchasing an additional 809 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Nuance Communications in the 4th quarter valued at approximately $259,000. Finally, James Hambro & Partners purchased a new stake in Nuance Communications in the 4th quarter valued at approximately $276,000. 85.44% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on NUAN shares. BidaskClub lowered Nuance Communications from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Morgan Stanley set a $20.00 price objective on Nuance Communications and gave the company a “buy” rating in a report on Thursday, March 22nd. Oppenheimer reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a report on Tuesday, January 23rd. Zacks Investment Research lowered Nuance Communications from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, TheStreet raised Nuance Communications from a “d+” rating to a “c-” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.75.



Shares of NASDAQ:NUAN opened at $15.03 on Thursday. The company has a market cap of $4,384.93, a PE ratio of 25.05, a PEG ratio of 1.50 and a beta of 0.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.46 and a current ratio of 1.46. Nuance Communications Inc. has a 12 month low of $14.02 and a 12 month high of $19.93.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $508.80 million for the quarter, compared to analyst estimates of $508.55 million. Nuance Communications had a positive return on equity of 11.62% and a negative net margin of 3.76%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. analysts expect that Nuance Communications Inc. will post 0.83 EPS for the current fiscal year.

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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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