S&T Bank PA Sells 3,180 Shares of Nuance Communications Inc. (NASDAQ:NUAN)

S&T Bank PA lowered its holdings in Nuance Communications Inc. (NASDAQ:NUAN) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 358,691 shares of the software maker’s stock after selling 3,180 shares during the quarter. S&T Bank PA’s holdings in Nuance Communications were worth $5,728,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NUAN. Bremer Bank National Association purchased a new stake in shares of Nuance Communications in the 1st quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nuance Communications by 25.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,127 shares of the software maker’s stock valued at $53,000 after acquiring an additional 628 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Nuance Communications by 24.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,645 shares of the software maker’s stock valued at $74,000 after acquiring an additional 900 shares in the last quarter. Neuburgh Advisers LLC raised its holdings in shares of Nuance Communications by 603.8% in the 2nd quarter. Neuburgh Advisers LLC now owns 5,856 shares of the software maker’s stock valued at $93,000 after acquiring an additional 5,024 shares in the last quarter. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of Nuance Communications in the 2nd quarter valued at about $97,000. 88.86% of the stock is currently owned by hedge funds and other institutional investors.

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



Shares of NASDAQ:NUAN traded down $0.36 on Thursday, hitting $17.43. The company’s stock had a trading volume of 4,376,881 shares, compared to its average volume of 1,948,363. The company has a market capitalization of $5.00 billion, a PE ratio of 21.52, a PEG ratio of 4.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.77. Nuance Communications Inc. has a 1 year low of $12.66 and a 1 year high of $18.16. The company has a 50-day simple moving average of $16.74 and a 200 day simple moving average of $16.81.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The company had revenue of $460.20 million for the quarter, compared to analysts’ expectations of $455.93 million. Nuance Communications had a return on equity of 13.93% and a net margin of 3.88%. On average, equities research analysts expect that Nuance Communications Inc. will post 0.82 earnings per share for the current fiscal year.

In related news, insider Robert Weideman sold 12,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $17.00, for a total transaction of $204,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas L. Beaudoin sold 8,301 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $16.04, for a total value of $133,148.04. Following the transaction, the executive vice president now directly owns 284,993 shares in the company, valued at $4,571,287.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,884 shares of company stock worth $1,070,509. 0.68% of the stock is currently owned by insiders.

Nuance Communications Company Profile

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

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