Nuance Communications Inc. (NUAN) Given Consensus Rating of “Buy” by Brokerages

Nuance Communications Inc. (NASDAQ:NUAN) has received a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.50.

Several brokerages have commented on NUAN. TheStreet upgraded shares of Nuance Communications from a “d+” rating to a “c-” rating in a research note on Wednesday. Oppenheimer restated a “buy” rating and issued a $23.00 price target on shares of Nuance Communications in a research note on Monday, December 18th. BidaskClub upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded shares of Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, December 5th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a research note on Wednesday, November 29th.

Shares of Nuance Communications (NASDAQ:NUAN) traded up $0.30 during trading hours on Friday, hitting $17.01. 2,349,309 shares of the company’s stock traded hands, compared to its average volume of 2,649,992. Nuance Communications has a 12 month low of $14.02 and a 12 month high of $19.93. The firm has a market capitalization of $4,940.00, a price-to-earnings ratio of -32.71, a P/E/G ratio of 1.75 and a beta of 0.60. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results 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 7.75% and a positive return on equity of 12.15%. The company had revenue of $474.70 million for the quarter, compared to analyst estimates of $457.09 million. During the same quarter last year, the business earned $0.41 earnings per share. Nuance Communications’s revenue was down 7.4% compared to the same quarter last year. sell-side analysts anticipate that Nuance Communications will post 0.81 EPS for the current fiscal year.

In other news, EVP Kenneth M. Siegel sold 4,682 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.40, for a total value of $67,420.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.67% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Nuance Communications by 1.5% in the second quarter. Vanguard Group Inc. now owns 23,288,701 shares of the software maker’s stock valued at $405,455,000 after acquiring an additional 335,427 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Nuance Communications by 3.6% in the third quarter. Ameriprise Financial Inc. now owns 18,257,115 shares of the software maker’s stock valued at $286,977,000 after acquiring an additional 637,014 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Nuance Communications by 29.4% in 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 acquiring an additional 1,224,085 shares in the last quarter. Sirios Capital Management L P boosted its holdings in shares of Nuance Communications by 30.9% in 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 acquiring an additional 1,183,013 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Nuance Communications by 6.0% in the third quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock valued at $77,090,000 after acquiring an additional 277,184 shares in the last quarter. Institutional investors and hedge funds own 85.01% of the company’s stock.

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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.

Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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