Shares of Nuance Communications, Inc. (NASDAQ:NUAN) have been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $20.38.

Several research firms recently commented on NUAN. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $23.00 price target (down previously from $26.00) on shares of Nuance Communications in a research note on Thursday, August 10th. Barclays PLC cut their target price on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 9th. Raymond James Financial, Inc. cut their target price on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 9th. Deutsche Bank AG cut their target price on shares of Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Finally, Canaccord Genuity cut their target price on shares of Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th.

Shares of Nuance Communications (NASDAQ:NUAN) traded up 1.66% during trading on Tuesday, hitting $15.93. 910,223 shares of the company traded hands. The company has a 50 day moving average price of $16.96 and a 200 day moving average price of $17.46. The company’s market capitalization is $4.60 billion. Nuance Communications has a 52 week low of $13.44 and a 52 week high of $19.93.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.09. The company had revenue of $495.60 million during the quarter, compared to analysts’ expectations of $495.57 million. Nuance Communications had a positive return on equity of 14.73% and a negative net margin of 3.38%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. On average, analysts expect that Nuance Communications will post $1.00 earnings per share for the current year.

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In other news, insider Daniel David Tempesta sold 8,500 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $18.61, for a total value of $158,185.00. Following the sale, the insider now directly owns 286,810 shares in the company, valued at approximately $5,337,534.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul Ricci sold 139,267 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $19.10, for a total transaction of $2,659,999.70. Following the completion of the sale, the chief executive officer now owns 2,090,036 shares in the company, valued at $39,919,687.60. The disclosure for this sale can be found here. Insiders sold a total of 163,767 shares of company stock worth $3,098,095 over the last 90 days. Company insiders own 1.67% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NUAN. Comerica Bank boosted its stake in Nuance Communications by 0.7% in the first quarter. Comerica Bank now owns 12,581 shares of the software maker’s stock worth $224,000 after buying an additional 90 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Nuance Communications by 1.3% in the second quarter. Moors & Cabot Inc. now owns 11,215 shares of the software maker’s stock worth $193,000 after buying an additional 140 shares in the last quarter. Ledyard National Bank boosted its stake in Nuance Communications by 4.8% in the second quarter. Ledyard National Bank now owns 7,160 shares of the software maker’s stock worth $125,000 after buying an additional 330 shares in the last quarter. IFP Advisors Inc boosted its stake in Nuance Communications by 5.1% in the first quarter. IFP Advisors Inc now owns 8,270 shares of the software maker’s stock worth $143,000 after buying an additional 400 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Nuance Communications by 1.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 30,900 shares of the software maker’s stock worth $535,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Nuance Communications Company Profile

Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.

Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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