Nuance Communications (NASDAQ:NUAN) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a research note issued on Wednesday.

NUAN has been the topic of several other research reports. Zacks Investment Research upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Morgan Stanley upgraded Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a research report on Wednesday, November 29th. BidaskClub upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Oppenheimer reiterated a “buy” rating and set a $23.00 price objective on shares of Nuance Communications in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Nuance Communications currently has an average rating of “Buy” and a consensus price target of $20.50.

Nuance Communications (NUAN) traded up $0.30 during mid-day trading on Wednesday, reaching $17.01. The company’s stock had a trading volume of 2,349,309 shares, compared to its average volume of 2,649,992. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The company has a market cap of $4,940.00, a PE ratio of -32.71, a price-to-earnings-growth ratio of 1.75 and a beta of 0.60. Nuance Communications has a 1 year low of $14.02 and a 1 year high of $19.93.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The firm had revenue of $474.70 million for the quarter, compared to analysts’ expectations of $457.09 million. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. equities research analysts expect that Nuance Communications will post 0.81 earnings per share for the current fiscal year.

In related news, EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total value of $67,420.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.67% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of NUAN. Comerica Bank increased its position in shares of Nuance Communications by 10.2% in the second quarter. Comerica Bank now owns 13,864 shares of the software maker’s stock worth $242,000 after purchasing an additional 1,283 shares during the period. Amalgamated Bank increased its position in shares of Nuance Communications by 59.5% in the second quarter. Amalgamated Bank now owns 51,811 shares of the software maker’s stock worth $902,000 after purchasing an additional 19,327 shares during the period. BlueMountain Capital Management LLC bought a new position in shares of Nuance Communications in the second quarter worth $806,000. Quantitative Investment Management LLC bought a new position in shares of Nuance Communications in the second quarter worth $3,250,000. Finally, GSA Capital Partners LLP bought a new position in shares of Nuance Communications in the second quarter worth $1,156,000. Institutional investors 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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