Nuance Communications Inc. (NASDAQ:NUAN) shares rose 3.2% during trading on Wednesday . The company traded as high as $14.42 and last traded at $14.35, with a volume of 1,766,619 shares trading hands. The stock had previously closed at $13.90.

NUAN has been the topic of a number of research analyst reports. Deutsche Bank AG reduced 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. 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 cut Nuance Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, 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. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Nuance Communications presently has an average rating of “Buy” and a consensus target price of $21.82.

The stock’s market capitalization is $4.08 billion. The firm has a 50 day moving average price of $14.79 and a 200-day moving average price of $16.65.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/nuance-communications-inc-nuan-trading-3-2-higher.html

Nuance Communications (NASDAQ:NUAN) last released its earnings results on Monday, August 8th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Nuance Communications had a negative net margin of 2.15% and a positive return on equity of 14.07%. The company had revenue of $484.90 million for the quarter, compared to analysts’ expectations of $489.54 million. During the same quarter in the previous year, the company earned $0.32 EPS. Nuance Communications’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts predict that Nuance Communications Inc. will post $1.51 EPS for the current year.

In other Nuance Communications news, VP Adam Bruce Bowden sold 6,000 shares of Nuance Communications stock in a transaction on Monday, August 1st. The shares were sold at an average price of $16.03, for a total value of $96,180.00. Following the sale, the vice president now directly owns 193,490 shares in the company, valued at approximately $3,101,644.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.23% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Nuance Communications by 2.1% in the first quarter. Renaissance Technologies LLC now owns 3,182,655 shares of the company’s stock worth $59,484,000 after buying an additional 65,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Nuance Communications by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,664,966 shares of the company’s stock worth $31,101,000 after buying an additional 53,731 shares in the last quarter. State Street Corp increased its stake in shares of Nuance Communications by 5.2% in the first quarter. State Street Corp now owns 4,873,300 shares of the company’s stock worth $91,091,000 after buying an additional 239,840 shares in the last quarter. Bayesian Capital Management LP increased its stake in shares of Nuance Communications by 4.6% in the first quarter. Bayesian Capital Management LP now owns 24,968 shares of the company’s stock worth $467,000 after buying an additional 1,100 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Nuance Communications by 630.2% in the first quarter. Squarepoint Ops LLC now owns 105,883 shares of the company’s stock worth $1,979,000 after buying an additional 91,383 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.

5 Day Chart for NASDAQ:NUAN

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