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.
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.
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