Nuance Communications Inc. (NASDAQ:NUAN) Receives $16.00 Consensus PT from Analysts

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Shares of Nuance Communications Inc. (NASDAQ:NUAN) have received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $16.00.

NUAN has been the subject of several analyst reports. Barclays cut their target price on shares of Nuance Communications from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. ValuEngine downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley cut their target price on shares of Nuance Communications from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, September 23rd. Wedbush started coverage on Nuance Communications in a report on Friday, September 27th. They issued an “outperform” rating for the company. Finally, BidaskClub upgraded Nuance Communications from a “strong sell” rating to a “sell” rating in a report on Saturday, November 23rd.

In other Nuance Communications news, EVP Wendy Cassity sold 13,656 shares of Nuance Communications stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $17.51, for a total value of $239,116.56. Following the completion of the sale, the executive vice president now owns 111,640 shares in the company, valued at approximately $1,954,816.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas L. Beaudoin sold 8,301 shares of Nuance Communications stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $16.45, for a total value of $136,551.45. Following the completion of the sale, the executive vice president now owns 273,839 shares of the company’s stock, valued at approximately $4,504,651.55. The disclosure for this sale can be found here. Insiders sold a total of 696,807 shares of company stock valued at $11,848,232 in the last 90 days. 0.68% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Nuance Communications by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 26,328,658 shares of the software maker’s stock valued at $420,468,000 after buying an additional 204,438 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Nuance Communications by 10.4% during the 2nd quarter. Victory Capital Management Inc. now owns 16,946,256 shares of the software maker’s stock worth $270,632,000 after purchasing an additional 1,599,212 shares during the period. RGM Capital LLC grew its holdings in shares of Nuance Communications by 5.4% during the 2nd quarter. RGM Capital LLC now owns 6,016,877 shares of the software maker’s stock worth $96,090,000 after purchasing an additional 306,700 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of Nuance Communications by 154.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,543,571 shares of the software maker’s stock worth $41,486,000 after purchasing an additional 1,543,571 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Nuance Communications by 35.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,912,327 shares of the software maker’s stock worth $30,540,000 after purchasing an additional 499,879 shares during the period. Institutional investors own 90.11% of the company’s stock.

NUAN stock traded up $0.20 during trading on Tuesday, hitting $17.93. The stock had a trading volume of 1,485,393 shares, compared to its average volume of 2,594,819. The company’s 50 day moving average price is $16.31 and its two-hundred day moving average price is $16.58. Nuance Communications has a 1-year low of $12.66 and a 1-year high of $18.19. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 7.14 and a beta of 0.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 0.68.

Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Wednesday, November 20th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. Nuance Communications had a net margin of 11.83% and a return on equity of 12.42%. The firm had revenue of $471.97 million during the quarter, compared to the consensus estimate of $486.13 million. During the same quarter in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Nuance Communications will post 0.5 earnings per share for the current fiscal year.

About Nuance Communications

Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people – amplifying human intelligence to increase productivity and security. With decades of domain and AI expertise, Nuance works with thousands of organizations globally across healthcare, financial services, telecommunications, government, and retail – to create stronger relationships and better experiences for their customers and workforce.

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