Nuance Communications Inc. (NASDAQ:NUAN) Receives Average Rating of “Hold” from Brokerages

Nuance Communications Inc. (NASDAQ:NUAN) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.20.

NUAN has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. BidaskClub downgraded Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Wedbush reiterated a “buy” rating and set a $22.00 target price on shares of Nuance Communications in a research report on Thursday, May 9th. Finally, ValuEngine downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 21st.

In other news, CEO Mark D. Benjamin sold 45,396 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $17.40, for a total transaction of $789,890.40. Following the completion of the sale, the chief executive officer now directly owns 629,430 shares in the company, valued at approximately $10,952,082. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Weideman sold 12,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $17.00, for a total value of $204,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,324 shares of company stock valued at $1,998,293. Corporate insiders own 0.68% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NUAN. Northwestern Mutual Wealth Management Co. lifted its position in shares of Nuance Communications by 25.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,127 shares of the software maker’s stock worth $53,000 after buying an additional 628 shares during the last quarter. FDx Advisors Inc. lifted its position in shares of Nuance Communications by 4.8% during the 4th quarter. FDx Advisors Inc. now owns 16,403 shares of the software maker’s stock worth $217,000 after buying an additional 758 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Nuance Communications by 1.9% during the 1st quarter. First Trust Advisors LP now owns 40,358 shares of the software maker’s stock worth $683,000 after buying an additional 766 shares during the last quarter. Wrapmanager Inc. lifted its position in shares of Nuance Communications by 3.2% during the 1st quarter. Wrapmanager Inc. now owns 27,193 shares of the software maker’s stock worth $460,000 after buying an additional 848 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Nuance Communications by 4.1% during the 1st quarter. Strs Ohio now owns 23,881 shares of the software maker’s stock worth $404,000 after buying an additional 939 shares during the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.

NASDAQ NUAN traded up $0.12 on Friday, reaching $15.97. The stock had a trading volume of 2,418,866 shares, compared to its average volume of 1,835,862. 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 stock’s fifty day moving average is $17.18. Nuance Communications has a 1-year low of $12.66 and a 1-year high of $18.16. The stock has a market capitalization of $4.60 billion, a P/E ratio of 19.72, a P/E/G ratio of 3.98 and a beta of 1.05.

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

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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Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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