Nuance Communications (NASDAQ:NUAN)‘s stock had its “buy” rating restated by Wedbush in a report issued on Thursday, AnalystRatings.com reports. They currently have a $22.00 target price on the software maker’s stock. Wedbush’s price objective points to a potential upside of 31.34% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. Morgan Stanley lowered shares of Nuance Communications from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $19.00 to $17.00 in a research note on Tuesday, January 15th. BidaskClub upgraded shares of Nuance Communications from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.67.
Shares of NUAN stock opened at $16.75 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.13. Nuance Communications has a 1 year low of $12.18 and a 1 year high of $17.88. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. Nuance Communications had a negative net margin of 9.50% and a positive return on equity of 13.59%. The firm had revenue of $451.00 million for the quarter, compared to analyst estimates of $449.90 million. During the same period in the previous year, the business earned $0.27 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Research analysts expect that Nuance Communications will post 0.74 EPS for the current year.
In other news, insider Robert Weideman sold 12,000 shares of Nuance Communications stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $16.93, for a total value of $203,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark D. Benjamin sold 20,005 shares of Nuance Communications stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $16.23, for a total transaction of $324,681.15. Following the completion of the transaction, the chief executive officer now directly owns 718,975 shares of the company’s stock, valued at approximately $11,668,964.25. The disclosure for this sale can be found here. In the last three months, insiders sold 125,761 shares of company stock valued at $2,099,479. Insiders own 0.68% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bremer Trust National Association bought a new stake in shares of Nuance Communications during the 4th quarter worth about $26,000. Robeco Institutional Asset Management B.V. boosted its holdings 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 buying an additional 956 shares during the period. Intercontinental Wealth Advisors LLC bought a new stake in shares of Nuance Communications during the 4th quarter worth about $36,000. Enlightenment Research LLC bought a new stake in shares of Nuance Communications during the 4th quarter worth about $74,000. Finally, Pearl River Capital LLC bought a new stake in shares of Nuance Communications during the 4th quarter worth about $87,000. 88.43% of the stock is owned by institutional investors.
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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