12Th Street Asset Management Company LLC Increased Its Stake in Nuance Communications INC (NUAN) as Shares Declined

May 3, 2018 - By Mark Williams

Nuance Communications, Inc. (NASDAQ:NUAN) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.88. That’s change of 0.07, from 2017Q3’s 0.95. 75 investors sold all, 88 reduced holdings as NUAN ratio worsened. 82 grew holdings while 62 funds bought holdings. Funds hold 233.98 million shares thus 15.90% more from 2017Q3’s 201.88 million shares. Ionic Mgmt Ltd Co holds 0.35% of its capital in Nuance Communications, Inc. (NASDAQ:NUAN) for 518,963 shs. Brown Advisory has 128,249 shs for 0.01% of their capital. Jane Street Grp Ltd Liability Company holds 0.01% or 147,463 shs. Staley Cap Advisers Inc holds 1.20M shs or 1.52% of its capital. Tealwood Asset Management Inc holds 0.77% or 127,430 shs in its capital. Jefferies Gp Limited holds 104,875 shs or 0.01% of its capital. Cipher Capital Limited Partnership, a New York-based fund reported 50,140 shs. Fmr Limited Liability Com reported 0.01% stake. Prelude Cap Lc invested 0.03% of its capital in Nuance Communications, Inc. (NASDAQ:NUAN). Quantbot Tech Limited Partnership stated it has 0% of its capital in Nuance Communications, Inc. (NASDAQ:NUAN). The New York-based Renaissance Technologies Llc has invested 0.03% in Nuance Communications, Inc. (NASDAQ:NUAN). Gotham Asset Ltd Limited Liability Company holds 38,551 shs or 0.01% of its capital. Wolverine Asset Mngmt Ltd Liability Co reported 780 shs or 0% of all its holdings. The Vermont-based Hanson Doremus Investment has invested 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). Farmers & Merchants Invests holds 167,701 shs.

The stake In Nuance Communications Inc (NUAN) was increased owned by 12Th Street Asset Management Company Llc. According to 2017Q4 Securities and Exchange filling the reduction is 20.25%. By buying 325,681 shares 12Th Street Asset Management Company Llc made the stock sank with 6.16%. At the end of 2017Q4, the 1.93M shares of the technology company held by the institutional investor were valued at $31.62M, up from 1.61M at the end of the previous reported quarter. $4.29 billion is the market cap of Nuance Communications Inc. NUAN is reaching $14.59 during the last trading session, after decreased 1.22%.Currently Nuance Communications, Inc. is downtrending after 7.39% change in last May 3, 2017. NUAN has also 1.08 million shares volume. The stock underperformed the S&P 500 by 18.94%.

For a total of shares it reduced its holding in by shares in the quarter, and has cut its stake in .

Nuance Communications, Inc. (NASDAQ:NUAN) Ratings Coverage

A total of 5 analysts rate Nuance Communications (NASDAQ:NUAN) as follows: 4 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 80% are bullish. The firm has $23.0 highest and $18.0 lowest target. The avg target $20 is 37.08% above the last ($14.59) price. (NASDAQ:NUAN) has 5 ratings reports on 3 May 2018 according to StockzIntelligence. On Wednesday, November 29 the stock of Nuance Communications, Inc. (NASDAQ:NUAN) has “Buy” rating given by Raymond James. In Friday, February 9 report Oppenheimer maintained the stock with “Buy” rating. On Friday, March 23 the stock of Nuance Communications, Inc. (NASDAQ:NUAN) earned “Buy” rating by Canaccord Genuity. On Tuesday, November 28 the rating was maintained by Stifel Nicolaus with “Hold”.

Nuance Communications, Inc. (NASDAQ:NUAN) Institutional Investors Chart

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