Tradelink Capital adds Nuance Communications (NUAN) to its portfolio

Nuance Communications (NUAN) : Tradelink Capital added new position in Nuance Communications during the most recent quarter end. The investment management firm now holds 10,307 shares of Nuance Communications which is valued at $163,366 , the company said in a statement filed on Aug 1, 2016 with the SEC.Nuance Communications makes up approximately 0.76% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in NUAN by selling 1,302 shares or 8.49% in the most recent quarter. The Hedge Fund company now holds 14,029 shares of NUAN which is valued at $222,360. Nuance Communications makes up approx 0.01% of Boston Private Wealth’s portfolio. Proficio Capital Partners sold out all of its stake in NUAN during the most recent quarter. The investment firm sold 5 shares of NUAN which is valued $80. Pggm Investments added NUAN to its portfolio by purchasing 173,566 company shares during the most recent quarter which is valued at $2,771,849. Nuance Communications makes up approx 0.01% of Pggm Investments’s portfolio. Alpha Windward added NUAN to its portfolio by purchasing 24,842 company shares during the most recent quarter which is valued at $393,746. Nuance Communications makes up approx 0.28% of Alpha Windward’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in NUAN in the latest quarter, The investment management firm added 464 additional shares and now holds a total of 8,214 shares of Nuance Communications which is valued at $130,192.

Nuance Communications closed down -0.03 points or -0.19% at $15.82 with 21,10,188 shares getting traded on Thursday. Post opening the session at $15.88, the shares hit an intraday low of $15.67 and an intraday high of $15.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Nuance Communications reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.35. The company had revenue of $487.40 million for the quarter, compared to analysts expectations of $490.57 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Nuance Communications. Shares were Reiterated by UBS on May 12, 2016 to “Neutral” and Lowered the Price Target to $ 18 from a previous price target of $19 .Shares were Reiterated by Leerink Partners on May 11, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $23 .Shares were Reiterated by Canaccord Genuity on May 11, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $22 .

Nuance Communications Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Company’s solutions are used in healthcare mobile consumer enterprise customer service and imaging markets. The Company offers accuracy natural language understanding capability domain knowledge and implementation capabilities. The Company’s solutions are based on the Company’s voice and language platform and are used by businesses for tasks and services such as requesting information from a phone-based self-service solution dictating medical records searching the mobile Web by voice entering a destination into a navigation system or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways including through products hosting professional services and maintenance and support. The Company operates in four segments: Healthcare Mobile and Consumer Enterprise and Imaging.

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