Shannon River Fund Management Has Lowered Stake in Nuance Communications (NUAN) by $8.36 Million; Nike (NKE) Stock Rose While Global Thematic Partners Decreased Stake

May 16, 2018 - By Maria Brooks

Nuance Communications, Inc. (NASDAQ:NUAN) Logo

Spencer M. Waxman decreased its stake in Nuance Communications Inc (NUAN) by 62.77% based on its latest 2017Q4 regulatory filing with the SEC. Shannon River Fund Management Llc sold 522,404 shares as the company’s stock declined 6.16% with the market. The hedge fund run by Spencer M. Waxman held 309,886 shares of the technology company at the end of 2017Q4, valued at $5.07M, down from 832,290 at the end of the previous reported quarter. Shannon River Fund Management Llc who had been investing in Nuance Communications Inc for a number of months, seems to be less bullish one the $3.77 billion market cap company. It closed at $12.76 lastly. It is down 7.39% since May 16, 2017 and is downtrending. It has underperformed by 18.94% the S&P500.

Global Thematic Partners Llc decreased its stake in Nike Inc (NKE) by 40.88% based on its latest 2017Q4 regulatory filing with the SEC. Global Thematic Partners Llc sold 1.29M shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 1.87 million shares of the consumer non-durables company at the end of 2017Q4, valued at $117.07M, down from 3.17M at the end of the previous reported quarter. Global Thematic Partners Llc who had been investing in Nike Inc for a number of months, seems to be less bullish one the $114.90B market cap company. The stock increased 2.57% or $1.7892 during the last trading session, reaching $71.2892. About 5.05M shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since May 16, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Since December 11, 2017, it had 0 insider purchases, and 8 insider sales for $45.81 million activity. EDWARDS TREVOR A had sold 100,000 shares worth $6.85M. On Friday, December 15 the insider Matheson Monique S. sold $650,000. Slusher John F sold 74,278 shares worth $4.75 million. 100,000 shares valued at $6.77M were sold by SPRUNK ERIC D on Monday, January 29.

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.06, from 0.8 in 2017Q3. It fall, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. New Hampshire-based Charter Trust has invested 0.42% in NIKE, Inc. (NYSE:NKE). Douglass Winthrop Advsr Llc holds 2.52% of its portfolio in NIKE, Inc. (NYSE:NKE) for 741,541 shares. State Of Alaska Department Of Revenue accumulated 141,138 shares or 0.21% of the stock. Putnam Fl Management stated it has 11,226 shares or 0.06% of all its holdings. Callahan Advsr Ltd Liability Corporation has invested 1.88% of its portfolio in NIKE, Inc. (NYSE:NKE). Salem Inv Counselors accumulated 13,895 shares or 0.09% of the stock. Rockland holds 1.34% or 166,004 shares in its portfolio. 14,595 were accumulated by Burt Wealth Advsrs. Hodges Mgmt holds 20,289 shares or 0.09% of its portfolio. Natl Bank Of Hawaii reported 0.07% in NIKE, Inc. (NYSE:NKE). Ally Fincl accumulated 15,000 shares. 7,805 are held by Argi Inv Svcs Lc. Gilman Hill Asset Ltd Liability Co reported 0.1% in NIKE, Inc. (NYSE:NKE). American Century Cos Inc holds 3.03M shares. First Western reported 62,501 shares.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 16 Hold. Therefore 59% are positive. Nike Inc. had 235 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Thursday, March 23 by JP Morgan. Piper Jaffray maintained it with “Hold” rating and $59.0 target in Friday, December 22 report. CLSA initiated the stock with “Underperform” rating in Thursday, January 19 report. The stock has “Buy” rating by Jefferies on Tuesday, August 15. The stock of NIKE, Inc. (NYSE:NKE) has “Hold” rating given on Friday, December 22 by Jefferies. The stock of NIKE, Inc. (NYSE:NKE) earned “Neutral” rating by Bank of America on Wednesday, September 28. Macquarie Research maintained the shares of NKE in report on Thursday, January 11 with “Buy” rating. The firm earned “Neutral” rating on Thursday, October 19 by Goldman Sachs. The firm has “Buy” rating given on Thursday, March 22 by Credit Suisse. The stock has “Outperform” rating by Telsey Advisory Group on Friday, September 25.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on July, 5. They expect $0.64 earnings per share, up 6.67% or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03 billion for 27.85 P/E if the $0.64 EPS becomes a reality. After $0.68 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Bizjournals.com which released: “A new generation of designers is pushing cultural change in footwear, apparel industry” on May 10, 2018, also Bizjournals.com with their article: “A former Nike executive launches Portland’s first luxury women’s sportswear company” published on May 09, 2018, Bizjournals.com published: “Nike leadership shuffle continues with new leaders for women’s, running categories” on May 08, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Bizjournals.com and their article: “Nike CEO calls all-staff meeting to apologize for company culture” published on May 04, 2018 as well as Bizjournals.com‘s news article titled: “Portland Public Schools administrators review Nike donations” with publication date: April 18, 2018.

Global Thematic Partners Llc, which manages about $12.76B and $3.03B US Long portfolio, upped its stake in Laboratory Corp Amer Hldgs (NYSE:LH) by 144,156 shares to 680,829 shares, valued at $108.60M in 2017Q4, according to the filing. It also increased its holding in Time Warner Inc (NYSE:TWX) by 646,008 shares in the quarter, for a total of 909,250 shares, and has risen its stake in Newmont Mining Corp (NYSE:NEM).

Analysts await Nuance Communications, Inc. (NASDAQ:NUAN) to report earnings on August, 14. They expect $0.22 EPS, up 22.22% or $0.04 from last year’s $0.18 per share. NUAN’s profit will be $65.00 million for 14.50 P/E if the $0.22 EPS becomes a reality. After $0.17 actual EPS reported by Nuance Communications, Inc. for the previous quarter, Wall Street now forecasts 29.41% EPS growth.

Among 11 analysts covering Nuance Communications (NASDAQ:NUAN), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Nuance Communications had 37 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 9 by Canaccord Genuity. The firm earned “Buy” rating on Wednesday, November 29 by Raymond James. The rating was maintained by Oppenheimer on Tuesday, November 17 with “Outperform”. On Tuesday, August 9 the stock rating was maintained by UBS with “Neutral”. Oppenheimer maintained the stock with “Buy” rating in Wednesday, August 9 report. The company was initiated on Wednesday, September 9 by Leerink Swann. Craig Hallum maintained the shares of NUAN in report on Thursday, May 10 with “Buy” rating. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) has “Buy” rating given on Monday, June 12 by Deutsche Bank. The rating was maintained by Deutsche Bank on Wednesday, August 9 with “Buy”. Standpoint Research upgraded Nuance Communications, Inc. (NASDAQ:NUAN) on Friday, January 15 to “Buy” rating.

More recent Nuance Communications, Inc. (NASDAQ:NUAN) news were published by: Globenewswire.com which released: “Nuance Announces Second Quarter 2018 Results” on May 09, 2018. Also Seekingalpha.com published the news titled: “Why Nuance Will Underperform A While Longer” on May 15, 2018. Streetinsider.com‘s news article titled: “Pre-Open Movers 05/10: (ARMO) (HEAR) (VTVT) Higher; (MDCA) (NUAN) (BKNG) Lower (more…)” with publication date: May 10, 2018 was also an interesting one.

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

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