Shares of Nuance Communications Inc. (NASDAQ:NUAN) have been given a consensus recommendation of “Buy” by the ten research firms that are covering the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.63.
Several research firms have weighed in on NUAN. Barclays PLC set a $19.00 target price on Nuance Communications and gave the company a “hold” rating in a research note on Tuesday, August 9th. Zacks Investment Research lowered Nuance Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $26.00 target price on shares of Nuance Communications in a research note on Thursday, August 11th. Finally, Deutsche Bank AG cut their target price on Nuance Communications from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th.
Shares of Nuance Communications (NASDAQ:NUAN) opened at 13.79 on Monday. The company’s market cap is $3.86 billion. The company has a 50 day moving average price of $14.51 and a 200 day moving average price of $16.11. Nuance Communications has a 52 week low of $13.74 and a 52 week high of $21.83.
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, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $484.90 million for the quarter, compared to analysts’ expectations of $489.54 million. Nuance Communications had a positive return on equity of 14.07% and a negative net margin of 2.15%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 earnings per share. On average, equities analysts expect that Nuance Communications will post $1.51 earnings per share for the current year.
In related news, VP Adam Bruce Bowden sold 6,000 shares of Nuance Communications stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.03, for a total value of $96,180.00. Following the sale, the vice president now owns 193,490 shares of the company’s stock, valued at approximately $3,101,644.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.23% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its position in Nuance Communications by 5.3% in the third quarter. Fisher Asset Management LLC now owns 881,786 shares of the company’s stock worth $12,786,000 after buying an additional 44,400 shares in the last quarter. Bremer Trust National Association bought a new position in Nuance Communications during the third quarter worth $981,000. BNP Paribas Arbitrage SA increased its position in Nuance Communications by 19.0% in the third quarter. BNP Paribas Arbitrage SA now owns 9,776 shares of the company’s stock worth $142,000 after buying an additional 1,562 shares in the last quarter. Macquarie Group Ltd. increased its position in Nuance Communications by 2,113.5% in the second quarter. Macquarie Group Ltd. now owns 115,100 shares of the company’s stock worth $1,799,000 after buying an additional 109,900 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Nuance Communications by 47.8% in the second quarter. Public Employees Retirement System of Ohio now owns 90,775 shares of the company’s stock worth $1,419,000 after buying an additional 29,360 shares in the last quarter. 85.18% of the stock is currently owned by institutional investors and hedge funds.
Nuance Communications Company Profile
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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