Nuance Communications (NUAN) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Nuance Communications (NASDAQ:NUAN) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

NUAN has been the topic of a number of other reports. Zacks Investment Research upgraded Nuance Communications from a hold rating to a buy rating and set a $19.00 price target on the stock in a report on Thursday, April 4th. ValuEngine upgraded Nuance Communications from a hold rating to a buy rating in a report on Thursday, May 9th. Wedbush reiterated a buy rating and set a $22.00 price target on shares of Nuance Communications in a report on Friday, February 8th. Finally, Morgan Stanley lowered Nuance Communications from an overweight rating to an equal weight rating and dropped their price target for the stock from $19.00 to $17.00 in a report on Tuesday, January 15th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $19.20.

NUAN stock opened at $17.89 on Tuesday. Nuance Communications has a twelve month low of $12.66 and a twelve month high of $18.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $5.18 billion, a PE ratio of 22.09, a P/E/G ratio of 4.45 and a beta of 1.16.

Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Wednesday, May 8th. The software maker reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.13). Nuance Communications had a net margin of 2.44% and a return on equity of 14.00%. The company had revenue of $451.00 million during the quarter, compared to the consensus estimate of $449.90 million. During the same quarter in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that Nuance Communications will post 0.8 EPS for the current fiscal year.

In other Nuance Communications news, insider Arthur G. Giterman sold 3,120 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $16.55, for a total value of $51,636.00. Following the completion of the sale, the insider now directly owns 80,022 shares of the company’s stock, valued at $1,324,364.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $102,000.00. Following the completion of the sale, the executive vice president now directly owns 475,900 shares of the company’s stock, valued at $8,090,300. The disclosure for this sale can be found here. Insiders have sold 107,761 shares of company stock worth $1,793,479 over the last quarter. 0.68% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in NUAN. Vanguard Group Inc grew its position in shares of Nuance Communications by 0.3% during the third quarter. Vanguard Group Inc now owns 25,400,568 shares of the software maker’s stock worth $439,938,000 after acquiring an additional 81,511 shares during the last quarter. First Hawaiian Bank grew its position in shares of Nuance Communications by 14.9% during the fourth quarter. First Hawaiian Bank now owns 12,981 shares of the software maker’s stock worth $172,000 after acquiring an additional 1,681 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Nuance Communications during the fourth quarter worth about $337,000. Daiwa SB Investments Ltd. grew its position in shares of Nuance Communications by 7.9% during the fourth quarter. Daiwa SB Investments Ltd. now owns 614,221 shares of the software maker’s stock worth $8,126,000 after acquiring an additional 45,219 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Nuance Communications during the fourth quarter worth about $1,011,000. 88.27% of the stock is owned by institutional investors and hedge funds.

About Nuance Communications

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.

Featured Article: What is Considered a Good Return on Equity (ROE)?

Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

Receive News & Ratings for Nuance Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications and related companies with MarketBeat.com's FREE daily email newsletter.