5 Healthcare and Software Stocks to Buy According to Michel Massoud’s Melqart Asset Management

3. Nuance Communications Inc. (NASDAQ:NUAN)

Melqart Asset Management’s Stake Value: $114.372 million

Percentage of Melqart Asset Management’s 13F Portfolio: 5.13%

Number of Hedge Fund Holders: 72

Nuance Communications Inc. (NASDAQ: NUAN) is a multinational computer software technology corporation that is famous for its clinical speech recognition and artificial intelligence software, both of which are used widely by hospitals throughout the United States. The company is headquartered in Burlington, Massachusetts, and was founded in 2018.

Artisan Partners, a high value-added investment management firm, published its ‘Artisan Mid Cap Fund’ second quarter 2021 investor letter in which it mentioned Nuance Communications Inc. (NASDAQ: NUAN). Here is what the letter said about Nuance Communications Inc. (NASDAQ: NUAN) in its Q2 2021 investor letter:

“We ended our campaign in Nuance Communications. Nuance Communications is a leader in automated voice transcription technologies enabling physicians to document patient encounters more efficiently, accurately and consistently. We believe the company’s DAX product is in the very early stages of its launch with a meaningful profit cycle opportunity ahead. However, the company announced early in Q2 it was being acquired by Microsoft. Thus, we harvested our GardenSM position.”