ValuEngine downgraded shares of Nuance Communications (NASDAQ:NUAN) from a buy rating to a hold rating in a research report sent to investors on Friday, ValuEngine reports.

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.

Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.13). Nuance Communications had a net margin of 2.44% and a return on equity of 14.00%. The firm had revenue of $451.00 million during the quarter, compared to analyst estimates of $449.90 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts anticipate that Nuance Communications will post 0.8 earnings per share for the current year.

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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Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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