Nuance Communications’ (NUAN) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Nuance Communications (NASDAQ:NUAN) in a research note released on Wednesday, Marketbeat.com reports. Stifel Nicolaus currently has a $18.00 price target on the software maker’s stock, down from their prior price target of $19.00.

NUAN has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Nuance Communications from a sell rating to a hold rating in a research note on Thursday, October 12th. Morgan Stanley upgraded shares of Nuance Communications from an equal weight rating to an overweight rating and set a $18.00 price objective for the company in a research note on Thursday, November 2nd. Barclays reduced their price objective on shares of Nuance Communications from $22.00 to $21.00 and set an overweight rating for the company in a research note on Wednesday, August 9th. Deutsche Bank reduced their price objective on shares of Nuance Communications from $25.00 to $23.00 and set a buy rating for the company in a research note on Wednesday, August 9th. Finally, Canaccord Genuity reduced their price objective on shares of Nuance Communications from $22.00 to $21.00 and set a buy rating for the company in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $20.86.

Nuance Communications (NASDAQ NUAN) opened at $15.80 on Wednesday. Nuance Communications has a 12-month low of $14.02 and a 12-month high of $19.93. The stock has a market cap of $4,586.39, a PE ratio of 19.75, a P/E/G ratio of 1.84 and a beta of 0.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.20 and a current ratio of 1.19.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $457.09 million. During the same period last year, the company posted $0.41 EPS. Nuance Communications’s revenue was down 7.4% on a year-over-year basis. equities analysts anticipate that Nuance Communications will post 0.81 earnings per share for the current year.

In other news, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications 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 completion of 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 sold 15,864 shares of company stock valued at $243,603 over the last quarter. Company insiders own 1.67% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. grew its stake in shares of Nuance Communications by 1.3% in the second quarter. Moors & Cabot Inc. now owns 11,215 shares of the software maker’s stock worth $193,000 after acquiring an additional 140 shares during the period. Sicart Associates LLC grew its stake in shares of Nuance Communications by 0.5% in the second quarter. Sicart Associates LLC now owns 86,925 shares of the software maker’s stock worth $1,513,000 after acquiring an additional 400 shares during the period. D.A. Davidson & CO. grew its stake in shares of Nuance Communications by 1.0% in the second quarter. D.A. Davidson & CO. now owns 50,279 shares of the software maker’s stock worth $875,000 after acquiring an additional 474 shares during the period. Wrapmanager Inc. grew its stake in shares of Nuance Communications by 3.1% in the second quarter. Wrapmanager Inc. now owns 16,829 shares of the software maker’s stock worth $293,000 after acquiring an additional 500 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Nuance Communications by 4.0% in the second quarter. CIBC Asset Management Inc now owns 16,888 shares of the software maker’s stock worth $294,000 after acquiring an additional 655 shares during the period. Hedge funds and other institutional investors own 85.57% of the company’s stock.

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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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