Nuance Communications (NASDAQ:NUAN) Rating Lowered to Hold at ValuEngine
NUAN has been the subject of several other reports. BidaskClub upgraded shares of Nuance Communications from a sell rating to a hold rating in a research note on Tuesday, May 14th. Zacks Investment Research upgraded shares of Nuance Communications from a hold rating to a buy rating and set a $19.00 target price for the company in a research note on Thursday, April 4th. Finally, Wedbush restated a buy rating and set a $22.00 price objective on shares of Nuance Communications in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $19.20.
Shares of NASDAQ:NUAN opened at $16.11 on Friday. Nuance Communications has a 52-week low of $12.66 and a 52-week high of $18.16. The firm has a market cap of $4.76 billion, a P/E ratio of 19.89, a P/E/G ratio of 4.11 and a beta of 1.05. The firm has a 50-day moving average price of $17.28. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.
In other Nuance Communications news, insider Robert Weideman sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $17.00, for a total transaction of $204,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas L. Beaudoin sold 8,301 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $17.00, for a total transaction of $141,117.00. Following the sale, the executive vice president now owns 309,921 shares of the company’s stock, valued at $5,268,657. The disclosure for this sale can be found here. Insiders have sold 116,324 shares of company stock valued at $1,998,293 over the last 90 days. Company insiders own 0.68% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc lifted its position in Nuance Communications by 0.3% during the third quarter. Vanguard Group Inc now owns 25,400,568 shares of the software maker’s stock worth $439,938,000 after acquiring an additional 81,511 shares during the last quarter. Clearbridge Investments LLC lifted its position in Nuance Communications by 1.2% during the first quarter. Clearbridge Investments LLC now owns 24,065,209 shares of the software maker’s stock worth $407,424,000 after acquiring an additional 277,227 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Nuance Communications by 1.1% in the first quarter. Victory Capital Management Inc. now owns 15,347,044 shares of the software maker’s stock valued at $259,825,000 after buying an additional 165,993 shares in the last quarter. FIL Ltd raised its position in shares of Nuance Communications by 2.9% in the first quarter. FIL Ltd now owns 9,191,377 shares of the software maker’s stock valued at $155,610,000 after buying an additional 262,083 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Nuance Communications by 4.6% in the first quarter. Neuberger Berman Group LLC now owns 4,686,166 shares of the software maker’s stock valued at $79,332,000 after buying an additional 207,521 shares in the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.
Nuance Communications Company Profile
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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