Shares of Nuance Communications, Inc. (NASDAQ:NUAN) have been assigned a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.86.

A number of brokerages have recently weighed in on NUAN. Oppenheimer reaffirmed a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a research note on Wednesday. Raymond James Financial 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 note on Wednesday, August 9th. 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 note on Wednesday, August 9th. Deutsche Bank 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 note on Wednesday, August 9th. Finally, Barclays 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 note on Wednesday, August 9th.

In other Nuance Communications news, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.58, for a total value of $101,270.00. Following the completion of the transaction, the insider now directly owns 258,188 shares of the company’s stock, valued at $4,022,569.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The disclosure for this sale can be found here. Insiders have sold 22,364 shares of company stock worth $347,538 in the last three months. 1.67% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of NUAN. Ameriprise Financial Inc. raised its holdings in Nuance Communications by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 17,620,101 shares of the software maker’s stock worth $306,763,000 after buying an additional 2,383,671 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Nuance Communications by 29.4% during the third quarter. Pictet Asset Management Ltd. now owns 5,390,900 shares of the software maker’s stock valued at $84,746,000 after purchasing an additional 1,224,085 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Nuance Communications during the third quarter valued at approximately $18,864,000. Sirios Capital Management L P raised its holdings in shares of Nuance Communications by 30.9% during the third quarter. Sirios Capital Management L P now owns 5,015,098 shares of the software maker’s stock valued at $78,838,000 after purchasing an additional 1,183,013 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Nuance Communications by 4,461.1% during the second quarter. American Century Companies Inc. now owns 1,058,903 shares of the software maker’s stock valued at $18,436,000 after purchasing an additional 1,035,687 shares during the last quarter. 85.57% of the stock is owned by institutional investors and hedge funds.

Nuance Communications (NASDAQ:NUAN) traded down $0.83 during mid-day trading on Thursday, hitting $15.54. 24,578,953 shares of the company’s stock were exchanged, compared to its average volume of 2,771,138. Nuance Communications has a 12-month low of $14.02 and a 12-month high of $19.93. The stock has a market capitalization of $4,577.19, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.86 and a beta of 0.58. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.20 and a quick ratio of 1.20.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.14%. The firm had revenue of $474.70 million for the quarter, compared to analysts’ expectations of $457.09 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. research analysts expect that Nuance Communications will post 0.71 EPS for the current fiscal year.

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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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