ValuEngine Downgrades Nuance Communications (NASDAQ:NUAN) to Hold

ValuEngine lowered shares of Nuance Communications (NASDAQ:NUAN) from a buy rating to a hold rating in a research note published on Friday morning, ValuEngine reports.

Several other equities analysts have also issued reports on NUAN. BidaskClub raised Nuance Communications from a sell rating to a hold rating in a research report on Tuesday, May 14th. Zacks Investment Research raised Nuance Communications from a hold rating to a buy rating and set a $20.00 price target for the company in a research report on Wednesday, May 15th. Finally, Wedbush reaffirmed a buy rating and issued a $22.00 price target on shares of Nuance Communications in a research report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $19.20.

Shares of Nuance Communications stock opened at $16.39 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 4.11 and a beta of 1.05. Nuance Communications has a 12 month low of $12.66 and a 12 month high of $18.16.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $449.90 million. Nuance Communications had a net margin of 2.44% and a return on equity of 14.00%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. Sell-side analysts anticipate that Nuance Communications will post 0.8 EPS for the current year.

In other news, Director Mark R. Laret sold 10,000 shares of Nuance Communications stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $17.37, for a total value of $173,700.00. Following the completion of the transaction, the director now owns 79,945 shares of the company’s stock, valued at approximately $1,388,644.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark D. Benjamin sold 45,396 shares of Nuance Communications stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $17.40, for a total value of $789,890.40. Following the completion of the transaction, the chief executive officer now directly owns 629,430 shares of the company’s stock, valued at approximately $10,952,082. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,324 shares of company stock valued at $1,998,293. 0.68% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Nuance Communications by 25.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,127 shares of the software maker’s stock worth $53,000 after buying an additional 628 shares in the last quarter. FDx Advisors Inc. increased its holdings in Nuance Communications by 4.8% in the 4th quarter. FDx Advisors Inc. now owns 16,403 shares of the software maker’s stock worth $217,000 after buying an additional 758 shares in the last quarter. First Trust Advisors LP increased its holdings in Nuance Communications by 1.9% in the 1st quarter. First Trust Advisors LP now owns 40,358 shares of the software maker’s stock worth $683,000 after buying an additional 766 shares in the last quarter. Wrapmanager Inc. increased its holdings in Nuance Communications by 3.2% in the 1st quarter. Wrapmanager Inc. now owns 27,193 shares of the software maker’s stock worth $460,000 after buying an additional 848 shares in the last quarter. Finally, Strs Ohio increased its holdings in Nuance Communications by 4.1% in the 1st quarter. Strs Ohio now owns 23,881 shares of the software maker’s stock worth $404,000 after buying an additional 939 shares in the last quarter. 87.83% of the stock is owned by hedge funds and other institutional investors.

About Nuance Communications

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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