Nuance Communications, Inc. (NUAN) Forecasted to Post FY2018 Earnings of $0.78 Per Share

Nuance Communications, Inc. (NASDAQ:NUAN) – Stock analysts at Craig Hallum lifted their FY2018 earnings per share estimates for Nuance Communications in a research note issued to investors on Wednesday. Craig Hallum analyst J. Van. Rhee now expects that the software maker will earn $0.78 per share for the year, up from their prior forecast of $0.67.

NUAN has been the subject of several other research reports. Morgan Stanley reaffirmed a “buy” rating and issued a $18.00 target price on shares of Nuance Communications in a research note on Wednesday, November 22nd. Canaccord Genuity lowered their target price 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. Zacks Investment Research raised shares of Nuance Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Oppenheimer restated an “outperform” rating and set a $23.00 target price (down previously from $26.00) on shares of Nuance Communications in a report on Thursday, August 10th. Finally, Deutsche Bank reduced their target price on shares of Nuance Communications from $25.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.50.

Nuance Communications (NASDAQ:NUAN) traded up $0.43 on Monday, hitting $15.49. 5,515,851 shares of the company were exchanged, compared to its average volume of 2,807,148. Nuance Communications has a twelve month low of $14.02 and a twelve month high of $19.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $4,438.35, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. The business had revenue of $474.70 million during the quarter, compared to the consensus estimate of $457.09 million. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. Nuance Communications’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share.

In related news, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total transaction of $101,270.00. Following the sale, the insider now directly owns 258,188 shares in the company, valued at approximately $4,022,569.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,864 shares of company stock worth $243,603. 1.67% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Jana Partners LLC acquired a new stake in Nuance Communications during the 3rd quarter worth approximately $3,622,000. IFM Investors Pty Ltd raised its holdings in Nuance Communications by 37.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 21,626 shares of the software maker’s stock worth $340,000 after purchasing an additional 5,922 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in Nuance Communications by 6.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock worth $77,090,000 after purchasing an additional 277,184 shares during the last quarter. California Public Employees Retirement System raised its holdings in Nuance Communications by 2.1% during the 3rd quarter. California Public Employees Retirement System now owns 484,651 shares of the software maker’s stock worth $7,619,000 after purchasing an additional 10,051 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in Nuance Communications by 80.8% during the 3rd quarter. Vident Investment Advisory LLC now owns 785,592 shares of the software maker’s stock worth $12,350,000 after purchasing an additional 351,098 shares during the last quarter. Institutional investors and hedge funds own 85.56% 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.

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