Nuance Communications (NUAN) Cut to Hold at BidaskClub

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Nuance Communications (NASDAQ:NUAN) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Several other equities analysts have also commented on NUAN. Zacks Investment Research lowered shares of Nuance Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Morgan Stanley lowered shares of Nuance Communications from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $19.00 to $17.00 in a research report on Tuesday, January 15th. Finally, Wedbush reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Nuance Communications in a research report on Friday, February 8th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.33.

Shares of Nuance Communications stock traded down $0.13 during midday trading on Wednesday, hitting $16.19. The company had a trading volume of 1,708,800 shares, compared to its average volume of 2,407,250. The firm has a market capitalization of $4.68 billion, a P/E ratio of 19.99, a PEG ratio of 1.86 and a beta of 1.14. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.13. Nuance Communications has a 12-month low of $12.18 and a 12-month high of $18.17.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Thursday, February 7th. The software maker reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.07. The firm had revenue of $493.65 million during the quarter, compared to analyst estimates of $504.85 million. Nuance Communications had a negative net margin of 9.50% and a positive return on equity of 13.59%. Nuance Communications’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. As a group, research analysts anticipate that Nuance Communications will post 0.74 earnings per share for the current fiscal year.

In other Nuance Communications news, insider Robert Weideman sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $17.00, for a total transaction of $306,000.00. Following the completion of the transaction, the insider now directly owns 487,008 shares of the company’s stock, valued at approximately $8,279,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas L. Beaudoin sold 8,301 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $15.76, for a total transaction of $130,823.76. The disclosure for this sale can be found here. Insiders have sold a total of 75,912 shares of company stock valued at $1,180,062 over the last three months. 0.68% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bremer Trust National Association acquired a new stake in shares of Nuance Communications during the 4th quarter worth approximately $26,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Nuance Communications by 81.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,129 shares of the software maker’s stock worth $28,000 after purchasing an additional 956 shares during the period. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Nuance Communications during the 4th quarter worth approximately $36,000. Enlightenment Research LLC acquired a new stake in shares of Nuance Communications during the 4th quarter worth approximately $74,000. Finally, Pearl River Capital LLC acquired a new stake in shares of Nuance Communications during the 4th quarter worth approximately $87,000. 88.77% 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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