Nuance Communications, Inc. (NASDAQ:NUAN) – Equities research analysts at Oppenheimer raised their Q1 2018 earnings per share estimates for Nuance Communications in a report issued on Wednesday. Oppenheimer analyst S. Eyal now expects that the software maker will post earnings per share of $0.14 for the quarter, up from their previous estimate of $0.12. Oppenheimer currently has a “Buy” rating and a $23.00 target price on the stock. Oppenheimer also issued estimates for Nuance Communications’ Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.80 EPS and FY2019 earnings at $0.85 EPS.
A number of other equities research analysts also recently commented on NUAN. Canaccord Genuity lowered their price objective on Nuance Communications from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Barclays lowered their price target on Nuance Communications from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, August 9th. TheStreet downgraded Nuance Communications from a “c” rating to a “d+” rating in a research report on Tuesday, November 28th. Raymond James Financial lowered their price target on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 9th. Finally, Deutsche Bank lowered their price target on Nuance Communications from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.86.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The business had revenue of $474.70 million during the quarter, compared to the consensus estimate of $457.09 million. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the company. Koch Industries Inc. purchased a new stake in shares of Nuance Communications in the second quarter worth about $523,000. Rhumbline Advisers boosted its position in shares of Nuance Communications by 5.3% in the second quarter. Rhumbline Advisers now owns 268,222 shares of the software maker’s stock worth $4,670,000 after buying an additional 13,453 shares during the period. Pacer Advisors Inc. boosted its position in shares of Nuance Communications by 9.9% in the second quarter. Pacer Advisors Inc. now owns 52,116 shares of the software maker’s stock worth $907,000 after buying an additional 4,678 shares during the period. Mcrae Capital Management Inc. lifted its stake in shares of Nuance Communications by 2.1% in the third quarter. Mcrae Capital Management Inc. now owns 330,250 shares of the software maker’s stock worth $5,192,000 after acquiring an additional 6,700 shares in the last quarter. Finally, Aviva PLC lifted its stake in shares of Nuance Communications by 20.2% in the second quarter. Aviva PLC now owns 175,793 shares of the software maker’s stock worth $3,062,000 after acquiring an additional 29,540 shares in the last quarter. 85.57% of the stock is owned by institutional investors.
In other news, EVP Kenneth M. Siegel sold 4,682 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $16.00, for a total value of $74,912.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel David Tempesta sold 6,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $15.58, for a total value of $101,270.00. Following the completion of the sale, the insider now directly owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,864 shares of company stock valued at $243,603. 1.67% of the stock is owned by company insiders.
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About Nuance Communications
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.
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