A number of other brokerages have also weighed in on NUAN. ValuEngine upgraded Nuance Communications from a hold rating to a buy rating in a research note on Thursday, May 9th. Zacks Investment Research upgraded Nuance Communications from a hold rating to a buy rating and set a $19.00 target price on the stock in a research note on Thursday, April 4th. Wedbush restated a buy rating and set a $22.00 price objective on shares of Nuance Communications in a research note on Friday, February 8th. Finally, Morgan Stanley lowered Nuance Communications from an overweight rating to an equal weight rating and lowered their price objective for the stock from $19.00 to $17.00 in a research note on Tuesday, January 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Nuance Communications currently has an average rating of Buy and an average price target of $19.20.
Shares of NASDAQ NUAN traded up $0.06 during trading hours on Tuesday, reaching $18.03. 33,518 shares of the stock were exchanged, compared to its average volume of 1,939,316. The firm has a market cap of $5.18 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 4.45 and a beta of 1.16. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. Nuance Communications has a 52 week low of $12.66 and a 52 week high of $18.16.
In other Nuance Communications news, EVP Robert Weideman sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $17.00, for a total transaction of $102,000.00. Following the transaction, the executive vice president now owns 475,900 shares in the company, valued at approximately $8,090,300. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Arthur G. Giterman sold 5,309 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $16.95, for a total value of $89,987.55. Following the transaction, the senior vice president now owns 74,713 shares in the company, valued at approximately $1,266,385.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,761 shares of company stock worth $1,793,479. Corporate insiders own 0.68% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Bremer Trust National Association bought a new position in shares of Nuance Communications in the 4th quarter valued at $26,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Nuance Communications by 81.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,129 shares of the software maker’s stock valued at $28,000 after purchasing an additional 956 shares during the last quarter. Bremer Bank National Association bought a new position in shares of Nuance Communications in the 1st quarter valued at $30,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Nuance Communications in the 4th quarter valued at $36,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Nuance Communications by 25.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,127 shares of the software maker’s stock valued at $53,000 after purchasing an additional 628 shares during the last quarter. Institutional investors own 88.27% of the company’s stock.
Nuance Communications Company Profile
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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