Lapides Asset Management LLC lifted its position in Nuance Communications Inc. (NASDAQ:NUAN) by 74.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 406,800 shares of the software maker’s stock after acquiring an additional 173,300 shares during the period. Nuance Communications accounts for approximately 1.4% of Lapides Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Lapides Asset Management LLC owned about 0.14% of Nuance Communications worth $6,651,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NUAN. Exane Derivatives increased its position in shares of Nuance Communications by 250.3% in the 3rd 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. SG Americas Securities LLC acquired a new stake in Nuance Communications during the 3rd quarter worth about $149,000. Concorde Asset Management LLC acquired a new stake in Nuance Communications during the 3rd quarter worth about $159,000. ETRADE Capital Management LLC acquired a new stake in Nuance Communications during the 3rd quarter worth about $172,000. Finally, CIBC World Markets Inc. acquired a new stake in Nuance Communications during the 4th quarter worth about $176,000. 85.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nuance Communications Inc. (NUAN) opened at $16.10 on Tuesday. The firm has a market capitalization of $4,728.56, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.55 and a beta of 0.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 1.19. Nuance Communications Inc. has a 12-month low of $14.02 and a 12-month high of $19.93.
Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Thursday, February 8th. The software maker reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Nuance Communications had a positive return on equity of 11.74% and a negative net margin of 3.76%. The firm had revenue of $508.80 million for the quarter, compared to analysts’ expectations of $508.55 million. During the same period last year, the firm earned $0.35 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. equities analysts anticipate that Nuance Communications Inc. will post 0.87 earnings per share for the current fiscal year.
NUAN has been the topic of several analyst reports. Morgan Stanley reaffirmed a “buy” rating and set a $18.00 price target on shares of Nuance Communications in a research report on Wednesday, November 22nd. Zacks Investment Research raised Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, December 5th. Oppenheimer reaffirmed a “buy” rating and set a $23.00 price target on shares of Nuance Communications in a research report on Wednesday, November 29th. Canaccord Genuity reaffirmed a “buy” rating and set a $21.00 price target on shares of Nuance Communications in a research report on Monday, January 22nd. Finally, TheStreet raised Nuance Communications from a “d+” rating to a “c-” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.50.
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Nuance Communications 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.
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