Nuance Communications (NUAN) Rating Increased to Hold at BidaskClub

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BidaskClub upgraded shares of Nuance Communications (NASDAQ:NUAN) from a sell rating to a hold rating in a research report report published on Monday.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded Nuance Communications from a hold rating to a sell rating in a research report on Tuesday, November 27th. Wedbush began coverage on Nuance Communications in a research report on Thursday, October 18th. They set an outperform rating and a $22.00 target price on the stock. Finally, ValuEngine upgraded Nuance Communications from a hold rating to a buy rating in a research report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $19.88.

NUAN traded down $0.04 during trading on Monday, reaching $15.05. 67,683 shares of the stock were exchanged, compared to its average volume of 2,775,712. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.51 and a beta of 0.96. Nuance Communications has a 1 year low of $12.18 and a 1 year high of $18.75.

Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Monday, November 19th. The software maker reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.06. The company had revenue of $536.21 million for the quarter, compared to the consensus estimate of $525.05 million. Nuance Communications had a positive return on equity of 12.66% and a negative net margin of 7.80%. Nuance Communications’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. On average, analysts predict that Nuance Communications will post 0.81 EPS for the current fiscal year.

In other news, insider Daniel David Tempesta sold 7,500 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $13.03, for a total value of $97,725.00. Following the completion of the transaction, the insider now directly owns 513,462 shares of the company’s stock, valued at $6,690,409.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Weideman sold 28,675 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $17.24, for a total value of $494,357.00. Following the completion of the transaction, the executive vice president now directly owns 346,088 shares of the company’s stock, valued at $5,966,557.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,786 shares of company stock valued at $1,309,115. Insiders own 0.68% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NUAN. Victory Capital Management Inc. increased its stake in Nuance Communications by 12.6% in the third quarter. Victory Capital Management Inc. now owns 14,699,837 shares of the software maker’s stock valued at $254,601,000 after purchasing an additional 1,649,340 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Nuance Communications in the third quarter valued at $16,548,000. Dimensional Fund Advisors LP increased its stake in Nuance Communications by 12.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,674,334 shares of the software maker’s stock valued at $37,132,000 after purchasing an additional 290,853 shares during the last quarter. Vident Investment Advisory LLC increased its stake in Nuance Communications by 18.0% in the second quarter. Vident Investment Advisory LLC now owns 1,596,622 shares of the software maker’s stock valued at $22,169,000 after purchasing an additional 243,102 shares during the last quarter. Finally, Daiwa SB Investments Ltd. increased its stake in Nuance Communications by 64.1% in the third quarter. Daiwa SB Investments Ltd. now owns 569,002 shares of the software maker’s stock valued at $9,855,000 after purchasing an additional 222,255 shares during the last quarter. 88.41% of the stock is owned by institutional investors.

About Nuance Communications

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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