BidaskClub upgraded shares of Nuance Communications (NASDAQ:NUAN) from a sell rating to a hold rating in a report released on Friday.

Several other analysts have also commented on the company. Morgan Stanley raised Nuance Communications from an equal weight rating to an overweight rating and set a $18.00 price target on the stock in a research note on Thursday, November 2nd. TheStreet lowered Nuance Communications from a c rating to a d+ rating in a research note on Tuesday, November 28th. Zacks Investment Research raised Nuance Communications from a sell rating to a hold rating in a research note on Thursday, October 12th. Oppenheimer reissued a buy rating and issued a $23.00 price objective on shares of Nuance Communications in a research note on Wednesday, November 29th. Finally, Stifel Nicolaus reissued a hold rating and issued a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $20.50.

Shares of Nuance Communications (NASDAQ:NUAN) traded up $0.28 during trading hours on Friday, hitting $16.87. The stock had a trading volume of 3,426,359 shares, compared to its average volume of 5,576,887. Nuance Communications has a one year low of $14.02 and a one year high of $19.93. The firm has a market cap of $4,815.72, a price-to-earnings ratio of 20.74, a PEG ratio of 1.71 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 (NASDAQ:NUAN) last announced its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 EPS for the quarter, beating the Thomson Reuters’ 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%. Nuance Communications’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. equities research analysts anticipate that Nuance Communications will post 0.81 EPS for the current fiscal year.

In other news, EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel David Tempesta sold 6,500 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.58, for a total value of $101,270.00. Following the sale, the insider now owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,864 shares of company stock valued at $243,603. 1.67% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in Nuance Communications in the second quarter valued at about $103,000. Commonwealth Bank of Australia grew its stake in Nuance Communications by 29.6% in the second quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock valued at $121,000 after acquiring an additional 1,600 shares during the period. Exane Derivatives grew its stake in Nuance Communications by 250.3% in the third quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock valued at $130,000 after acquiring an additional 5,912 shares during the period. Daiwa Securities Group Inc. grew its stake in Nuance Communications by 23.5% in the second quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock valued at $146,000 after acquiring an additional 1,600 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Nuance Communications in the third quarter valued at about $149,000. Institutional investors and hedge funds own 85.06% of the company’s stock.

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Nuance Communications Company 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.

Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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