5 Stocks to Buy in 2021 According to Carl Tiedemann’s TIG Advisors

4. Nuance Communications, Inc. (NASDAQ:NUAN)

TIG Advisors’ Stake Value: $158,169,000
Percentage of TIG Advisors’s 13F Portfolio: 5.31%
Number of Hedge Fund Holders: 72

Nuance Communications, Inc. (NASDAQ:NUAN) is a global software technology company based in the United States that sells voice recognition and artificial intelligence technologies. The company was founded in 1992, and it stands fourth on the list of 10 stocks to buy in 2021 according to Carl Tiedemann’s TIG Advisors.

Artisan Partners, in its second-quarter 2021 investor letter, mentioned Nuance Communications, Inc. (NASDAQ:NUAN). Here is what the fund said: 

“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.”