Sicart Associates LLC grew its stake in Nuance Communications Inc. (NASDAQ:NUAN) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 101,025 shares of the software maker’s stock after buying an additional 14,500 shares during the period. Sicart Associates LLC’s holdings in Nuance Communications were worth $1,652,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of NUAN. Moors & Cabot Inc. boosted its position in shares of Nuance Communications by 1.3% during the 2nd quarter. Moors & Cabot Inc. now owns 11,215 shares of the software maker’s stock valued at $193,000 after purchasing an additional 140 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Nuance Communications by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 50,279 shares of the software maker’s stock valued at $875,000 after purchasing an additional 474 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 valued at $178,000 after purchasing an additional 809 shares in the last quarter. Comerica Bank boosted its position in shares of Nuance Communications by 10.2% during the 2nd quarter. Comerica Bank now owns 13,864 shares of the software maker’s stock valued at $242,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its position in shares of Nuance Communications by 29.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock valued at $121,000 after purchasing an additional 1,600 shares in the last quarter. 85.01% of the stock is owned by institutional investors.
Several brokerages recently commented on NUAN. Oppenheimer restated a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a research report on Monday, December 18th. BidaskClub upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, December 5th. TheStreet lowered Nuance Communications from a “c” rating to a “d+” rating in a report on Tuesday, November 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a report on Wednesday, November 29th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.50.
Shares of Nuance Communications Inc. (NASDAQ NUAN) remained flat at $$17.09 during trading hours on Wednesday. The company had a trading volume of 2,608,800 shares, compared to its average volume of 2,836,630. The firm has a market cap of $4,950.00, a P/E ratio of -32.87, a price-to-earnings-growth ratio of 1.76 and a beta of 0.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 1.19. Nuance Communications Inc. has a 52-week low of $14.02 and a 52-week high of $19.93.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $474.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. equities analysts predict that Nuance Communications Inc. will post 0.81 earnings per share for the current year.
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Nuance Communications 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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