Nuance Communications (NUAN) Rating Lowered to Hold at Zacks Investment Research

Nuance Communications (NASDAQ:NUAN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Nuance Communications, Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. “

NUAN has been the topic of several other research reports. Oppenheimer reaffirmed a “buy” rating and issued a $23.00 price target on shares of Nuance Communications in a research report on Monday, December 18th. BidaskClub raised shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a research report on Wednesday, November 29th. TheStreet cut shares of Nuance Communications from a “c” rating to a “d+” rating in a research report on Tuesday, November 28th. Finally, Morgan Stanley raised shares of Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.50.

Shares of Nuance Communications (NASDAQ:NUAN) opened at $16.42 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.46 and a quick ratio of 1.19. The company has a market capitalization of $4,731.50, a PE ratio of 20.65, a PEG ratio of 1.65 and a beta of 0.61. Nuance Communications has a 12 month low of $14.02 and a 12 month high of $19.93.

Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Thursday, February 8th. The software maker reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $508.80 million during the quarter, compared to the consensus estimate of $508.55 million. Nuance Communications had a positive return on equity of 11.62% and a negative net margin of 3.76%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. analysts anticipate that Nuance Communications will post 0.81 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Nuance Communications by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock worth $178,000 after buying an additional 809 shares in the last quarter. Amalgamated Bank lifted its position in shares of Nuance Communications by 6.3% during the 4th quarter. Amalgamated Bank now owns 55,060 shares of the software maker’s stock worth $900,000 after buying an additional 3,245 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Nuance Communications by 2.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 167,701 shares of the software maker’s stock worth $2,742,000 after buying an additional 3,304 shares in the last quarter. LPL Financial LLC lifted its position in shares of Nuance Communications by 6.2% during the 4th quarter. LPL Financial LLC now owns 65,457 shares of the software maker’s stock worth $1,070,000 after buying an additional 3,810 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Nuance Communications by 12.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 35,574 shares of the software maker’s stock worth $582,000 after buying an additional 4,036 shares in the last quarter. 85.46% of the stock is currently owned by institutional investors and hedge funds.

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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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