Nuance Communications Inc. (NASDAQ:NUAN) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 8,309,825 shares, a growth of 24.0% from the November 15th total of 6,703,961 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average trading volume of 6,855,782 shares, the short-interest ratio is presently 1.2 days.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, December 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price target (down from $19.00) on shares of Nuance Communications in a research report on Wednesday, November 29th. Oppenheimer reiterated a “buy” rating and issued a $23.00 price target on shares of Nuance Communications in a research report on Wednesday, November 29th. TheStreet downgraded shares of Nuance Communications from a “c” rating to a “d+” rating in a research report on Tuesday, November 28th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $18.00 price target on shares of Nuance Communications in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Nuance Communications has a consensus rating of “Buy” and a consensus target price of $20.50.

In other Nuance Communications news, EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $16.00, for a total transaction of $74,912.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel David Tempesta sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.58, for a total transaction of $101,270.00. Following the sale, the insider now owns 258,188 shares of the company’s stock, valued at $4,022,569.04. The disclosure for this sale can be found here. Insiders have sold 15,864 shares of company stock valued at $243,603 over the last 90 days. Company insiders own 1.67% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Koch Industries Inc. acquired a new position in Nuance Communications during the second quarter valued at approximately $523,000. Rhumbline Advisers raised its position in Nuance Communications by 5.3% during the second quarter. Rhumbline Advisers now owns 268,222 shares of the software maker’s stock valued at $4,670,000 after purchasing an additional 13,453 shares in the last quarter. Pacer Advisors Inc. raised its position in Nuance Communications by 9.9% during the second quarter. Pacer Advisors Inc. now owns 52,116 shares of the software maker’s stock valued at $907,000 after purchasing an additional 4,678 shares in the last quarter. Mcrae Capital Management Inc. raised its position in Nuance Communications by 2.1% during the third quarter. Mcrae Capital Management Inc. now owns 330,250 shares of the software maker’s stock valued at $5,192,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Aviva PLC raised its position in Nuance Communications by 20.2% during the second quarter. Aviva PLC now owns 175,793 shares of the software maker’s stock valued at $3,062,000 after purchasing an additional 29,540 shares in the last quarter. Institutional investors and hedge funds own 85.06% of the company’s stock.

Shares of Nuance Communications (NASDAQ NUAN) opened at $16.60 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 1.19. Nuance Communications has a 1 year low of $14.02 and a 1 year high of $19.93. The firm has a market cap of $4,539.95, a P/E ratio of 19.55, a PEG ratio of 1.61 and a beta of 0.60.

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 consensus estimate of $0.15 by $0.05. Nuance Communications had a negative net margin of 14.04% and a negative return on equity of 13.51%. The business had revenue of $474.70 million during the quarter, compared to the consensus estimate of $457.09 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis. analysts predict that Nuance Communications will post 0.81 EPS for the current 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.

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