Aurora Investment Counsel Buys Shares of 104,690 Nuance Communications Inc. (NUAN)

Aurora Investment Counsel bought a new stake in shares of Nuance Communications Inc. (NASDAQ:NUAN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 104,690 shares of the software maker’s stock, valued at approximately $1,712,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NUAN. Koch Industries Inc. purchased a new stake in shares of Nuance Communications in the 2nd quarter worth $523,000. Mcrae Capital Management Inc. lifted its holdings in shares of Nuance Communications by 2.1% in the 3rd quarter. Mcrae Capital Management Inc. now owns 330,250 shares of the software maker’s stock worth $5,192,000 after buying an additional 6,700 shares during the period. Staley Capital Advisers Inc. lifted its holdings in shares of 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 worth $18,667,000 after buying an additional 10,000 shares during the period. CNH Partners LLC purchased a new stake in shares of Nuance Communications in the 2nd quarter worth $3,161,000. Finally, Legal & General Group Plc lifted its holdings 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 buying an additional 115,718 shares during the period. 84.94% of the stock is currently owned by hedge funds and other institutional investors.

NUAN has been the subject of several research reports. Zacks Investment Research upgraded Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, December 5th. Oppenheimer reiterated a “buy” rating and issued a $23.00 target price on shares of Nuance Communications in a report on Wednesday, November 29th. Morgan Stanley reiterated a “buy” rating and issued a $18.00 target price on shares of Nuance Communications in a report on Wednesday, November 22nd. TheStreet cut Nuance Communications from a “c” rating to a “d+” rating in a report on Tuesday, November 28th. Finally, BidaskClub raised Nuance Communications from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Nuance Communications presently has a consensus rating of “Buy” and a consensus target price of $20.50.

Nuance Communications Inc. (NUAN) opened at $17.11 on Friday. The company has a market capitalization of $4,970.00, a price-to-earnings ratio of -32.90, a PEG ratio of 1.71 and a beta of 0.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 1.19. Nuance Communications Inc. has a 1 year low of $14.02 and a 1 year high of $19.93.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $474.70 million during the quarter, compared to analyst estimates of $457.09 million. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. research analysts anticipate that Nuance Communications Inc. will post 0.81 earnings per share for the current year.

In other news, EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total value of $67,420.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.67% of the company’s stock.

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Nuance Communications Company Profile

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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