According to Zacks, “Nuance Communications, Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. “
NUAN has been the topic of several other reports. Barclays PLC set a $19.00 price target on shares of Nuance Communications and gave the stock a hold rating in a research report on Tuesday, August 9th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $26.00 price objective on shares of Nuance Communications in a report on Thursday, August 11th. Finally, Deutsche Bank AG reduced their price objective on shares of Nuance Communications from $30.00 to $25.00 and set a buy rating for the company in a report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $21.82.
Nuance Communications (NASDAQ:NUAN) traded down 0.21% on Wednesday, hitting $14.55. 962,231 shares of the stock traded hands. Nuance Communications has a 12-month low of $13.74 and a 12-month high of $21.83. The stock has a 50-day moving average price of $14.53 and a 200 day moving average price of $16.25. The stock’s market cap is $4.07 billion.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The company had revenue of $484.90 million for the quarter, compared to analyst estimates of $489.54 million. Nuance Communications had a negative net margin of 2.15% and a positive return on equity of 14.07%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. On average, equities analysts expect that Nuance Communications will post $1.51 EPS for the current fiscal year.
In other news, VP Adam Bruce Bowden sold 6,000 shares of Nuance Communications stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $16.03, for a total transaction of $96,180.00. Following the completion of the sale, the vice president now owns 193,490 shares in the company, valued at approximately $3,101,644.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.23% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of NUAN. Advisor Group Inc. acquired a new stake in shares of Nuance Communications during the second quarter valued at approximately $118,000. BNP Paribas Arbitrage SA boosted its stake in shares of Nuance Communications by 6.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,214 shares of the company’s stock valued at $128,000 after buying an additional 464 shares in the last quarter. Ledyard National Bank boosted its stake in shares of Nuance Communications by 5.1% in the second quarter. Ledyard National Bank now owns 8,230 shares of the company’s stock valued at $129,000 after buying an additional 400 shares in the last quarter. MU Investments Co. Ltd. acquired a new stake in shares of Nuance Communications during the second quarter valued at approximately $149,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Nuance Communications by 25.1% in the second quarter. LS Investment Advisors LLC now owns 10,189 shares of the company’s stock valued at $159,000 after buying an additional 2,044 shares in the last quarter. Institutional investors own 85.18% of the company’s stock.
About Nuance Communications
Nuance Communications, Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company operates through four segments: Healthcare, Mobile and Consumer, Enterprise and Imaging. The Healthcare segment is a provider in clinical speech and clinical language understanding solutions.
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