Shares of Nuance Communications Inc. (NASDAQ:NUAN) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.25.
A number of research firms have recently issued reports on NUAN. Zacks Investment Research upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine upgraded Nuance Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 5th. BidaskClub upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Craig Hallum lowered their target price on Nuance Communications from $24.00 to $17.00 and set an “in-line” rating on the stock in a research report on Thursday, May 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $15.00 target price (down from $18.00) on shares of Nuance Communications in a research report on Thursday, May 10th.
Get Nuance Communications alerts:Shares of Nuance Communications traded down $0.04, reaching $15.45, on Friday, Marketbeat reports. The stock had a trading volume of 43,316 shares, compared to its average volume of 2,032,853. The company has a market cap of $4.58 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.85 and a beta of 0.63. Nuance Communications has a 1 year low of $12.18 and a 1 year high of $18.75. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.54 and a quick ratio of 1.54.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Wednesday, May 9th. The software maker reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $518.31 million during the quarter, compared to analysts’ expectations of $516.43 million. Nuance Communications had a positive return on equity of 9.42% and a negative net margin of 10.32%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. analysts expect that Nuance Communications will post 0.7 earnings per share for the current year.
In related news, Director Mark R. Laret sold 15,000 shares of Nuance Communications stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $13.98, for a total transaction of $209,700.00. Following the transaction, the director now directly owns 79,047 shares in the company, valued at $1,105,077.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.67% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its holdings in Nuance Communications by 52.4% during the first quarter. Victory Capital Management Inc. now owns 10,267,513 shares of the software maker’s stock valued at $161,714,000 after acquiring an additional 3,530,349 shares during the period. Fairpointe Capital LLC raised its holdings in Nuance Communications by 1.7% during the fourth quarter. Fairpointe Capital LLC now owns 5,219,722 shares of the software maker’s stock valued at $85,343,000 after acquiring an additional 85,412 shares during the period. FIL Ltd raised its holdings in Nuance Communications by 5.6% during the first quarter. FIL Ltd now owns 4,609,355 shares of the software maker’s stock valued at $72,597,000 after acquiring an additional 243,866 shares during the period. Jericho Capital Asset Management L.P. bought a new stake in Nuance Communications during the first quarter valued at about $50,579,000. Finally, Criterion Capital Management LLC bought a new stake in Nuance Communications during the first quarter valued at about $42,208,000. Institutional investors own 85.61% of the company’s stock.
About Nuance Communications
Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through four segments: Healthcare, Mobile, Enterprise, and Imaging. The Healthcare segment offers transcription solutions, which enable physicians to streamline clinical documentation with medical transcription platform; Dragon Medical, a dictation software that empowers physicians to capture and document patient care on various devices; clinical document improvement and coding solutions that ensure patient health information; 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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