Learn Why Ameriprise Financial Inc Purchased Nuance Communications, Inc Stake?

February 15, 2018 - By reb123z

 Learn Why Ameriprise Financial Inc Purchased Nuance Communications, Inc Stake?

Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.06, from 0.89 in 2017Q2. It is positive, as 49 investors sold Nuance Communications, Inc. shares while 98 reduced holdings. 40 funds opened positions while 100 raised stakes. 201.88 million shares or 0.45% less from 202.79 million shares in 2017Q2 were reported.

The Florida-based Voloridge Ltd Com has invested 0.08% in Nuance Communications, Inc. (NASDAQ:NUAN). Sei, Pennsylvania-based fund reported 450,219 shares. Carl Domino Inc stated it has 0.25% of its portfolio in Nuance Communications, Inc. (NASDAQ:NUAN). Exane Derivatives reported 0.02% in Nuance Communications, Inc. (NASDAQ:NUAN). Bb&T Secs Lc stated it has 11,000 shares. Oppenheimer Asset Mngmt owns 77,000 shares. Winslow Evans & Crocker Incorporated holds 0.01% of its portfolio in Nuance Communications, Inc. (NASDAQ:NUAN) for 1,500 shares. Moreover, Tcw Grp Inc has 0.18% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 1.44 million shares. Tealwood Asset Management invested in 0.72% or 127,100 shares. Brown Ltd Co holds 486,642 shares or 0.09% of its portfolio. Point72 Asia (Hong Kong) Limited holds 0% or 198 shares in its portfolio. Amp Capital Invsts Ltd invested in 80,284 shares or 0.01% of the stock. Legal And General Grp Public Ltd Com, United Kingdom-based fund reported 1.30M shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). 1.19 million were reported by Staley Cap Advisers.

Since September 1, 2017, it had 0 insider purchases, and 3 insider sales for $280,106 activity. The insider Tempesta Daniel David sold $103,932.

The New Ameriprise Financial Inc Holding in Nuance Communications, Inc

Ameriprise Financial Inc reported SC 13G form with the SEC for Nuance Communications, Inc. Access it here: 000119312518045456. As reported by Ameriprise Financial Inc, the filler owns 7.67% or 22,271,319 shares of the Information Technology–company.

Nuance Communications, Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Nuance Communications, Inc.

Nuance Communications, Inc Institutional Sentiment

Filings show 283 investors own Nuance Communications, Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 19113125. 217142649 were owned by these investors. 45 funds opened new Nuance Communications, Inc stakes, 99 increased positions. There were 82 that closed positions and 84 reduced them.

2 investors had the stock in their top 10. Some are: Ivory Investment Management Llc, Sirios Capital Management L P, 12Th Street Asset Management Company Llc, Shannon River Fund Management Llc..

Mcrae Capital Management Inc is an investor bullish on Nuance Communications, Inc, owning 325650 shares as of Q3 2015 for 2.72% of its portfolio. Kings Point Capital Management owns 2800 shares or 0.01% of its portfolio. IL Fairpointe Capital Llc have 2.93% of its portfolio for 10498035 shares. Further, First Republic Investment Management Inc reported stake worth 0.01% of its portfolio. The MA Bp Wealth Management Llc owns 18789 shares. Nuance Communications, Inc is 0.01% of its portfolio.

Business 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. Its Mobile segment provides a portfolio of specialized virtual assistants and connected services. The Enterprise segment provides automated customer solutions and services. The solutions for the Enterprise segment include On-Premise solutions and services, and On-Demand multichannel cloud. The Imaging segment provides software solutions that help professionals and organizations to gain control of their document and information processes. Imaging segment include multi-function printer (MFP) scan automation solutions and MFP Print automation solutions.

SEC Form 13G.

The stock increased 1.89% or $0.3101 during the last trading session, reaching $16.7301. About 1.23 million shares traded. Nuance Communications, Inc. (NASDAQ:NUAN) has risen 16.56% since February 15, 2017 and is uptrending. It has underperformed by 0.14% the S&P500.

Nuance Communications, Inc. provides voice recognition and natural language understanding solutions worldwide. The company has market cap of $4.91 billion. It operates through four divisions: Healthcare, Mobile, Enterprise, and Imaging. It currently has negative earnings. The Healthcare segment offers transcription solutions, which enable physicians to streamline clinical documentation with medical transcription platform; Dragon Medical, a dictation software that empowers physicians to accurately capture and document patient care in real-time on various devices; clinical document improvement and coding solutions that ensure patient health information; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports, and to optimize patient care; and professional and personal productivity solutions to business users and consumers.

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

Among 11 analysts covering Nuance Communications (NASDAQ:NUAN), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Nuance Communications has $30 highest and $17 lowest target. $20.73’s average target is 23.91% above currents $16.7301 stock price. Nuance Communications had 35 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, January 18 by Standpoint Research. Deutsche Bank maintained Nuance Communications, Inc. (NASDAQ:NUAN) on Tuesday, August 9 with “Buy” rating. Oppenheimer maintained Nuance Communications, Inc. (NASDAQ:NUAN) on Wednesday, August 9 with “Buy” rating. The firm has “Buy” rating given on Wednesday, August 9 by Deutsche Bank. As per Friday, August 7, the company rating was maintained by FBR Capital. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) has “Equal-Weight” rating given on Tuesday, August 9 by Barclays Capital. Stifel Nicolaus maintained Nuance Communications, Inc. (NASDAQ:NUAN) rating on Tuesday, November 28. Stifel Nicolaus has “Hold” rating and $18.0 target. The firm earned “Equal-Weight” rating on Friday, April 15 by Barclays Capital. Morgan Stanley upgraded Nuance Communications, Inc. (NASDAQ:NUAN) on Thursday, November 2 to “Overweight” rating. On Wednesday, May 11 the stock rating was maintained by Leerink Swann with “Outperform”.

More notable recent Nuance Communications, Inc. (NASDAQ:NUAN) news were published by: Seekingalpha.com which released: “Nuance Communications +3.3% as it returns to organic growth” on February 08, 2018, also Streetinsider.com with their article: “Nuance Communications (NUAN) Prelim. Q1 Revenue Tops Views” published on January 22, 2018, Streetinsider.com published: “Nuance Communications (NUAN) Names Sanjay Vaswani to Board” on January 26, 2018. More interesting news about Nuance Communications, Inc. (NASDAQ:NUAN) were released by: Globenewswire.com and their article: “Nuance Appoints Sanjay Vaswani to its Board of Directors” published on January 26, 2018 as well as Nasdaq.com‘s news article titled: “Nuance Communications, Inc. Q1 Earnings Rise” with publication date: February 08, 2018.

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