Brokerages Set Nuance Communications Inc. (NUAN) PT at $21.14

Nuance Communications Inc. (NASDAQ:NUAN) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.14.

NUAN has been the subject of a number of research analyst reports. BidaskClub cut Nuance Communications from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Morgan Stanley set a $20.00 price objective on Nuance Communications and gave the company a “buy” rating in a research note on Thursday, March 22nd. Oppenheimer reiterated a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a research note on Tuesday, January 23rd. Zacks Investment Research cut Nuance Communications from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Finally, TheStreet upgraded Nuance Communications from a “d+” rating to a “c-” rating in a research note on Wednesday, January 17th.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Nuance Communications during the 3rd quarter worth about $149,000. ETRADE Capital Management LLC acquired a new stake in shares of Nuance Communications during the 3rd quarter worth about $172,000. CIBC World Markets Inc. acquired a new stake in shares of Nuance Communications during the 4th quarter worth about $176,000. The Manufacturers Life Insurance Company raised its position in shares of Nuance Communications by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock worth $178,000 after acquiring an additional 809 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Nuance Communications by 40.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,993 shares of the software maker’s stock worth $236,000 after acquiring an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.

Shares of Nuance Communications stock opened at $15.01 on Wednesday. Nuance Communications has a 12 month low of $14.02 and a 12 month high of $19.93. The stock has a market cap of $4,408.43, a P/E ratio of 19.24, a PEG ratio of 1.51 and a beta of 0.64. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.46 and a quick ratio of 1.46.

Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Thursday, February 8th. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Nuance Communications had a positive return on equity of 11.62% and a negative net margin of 3.76%. The company had revenue of $508.80 million during the quarter, compared to analysts’ expectations of $508.55 million. During the same period last year, the business posted $0.35 EPS. Nuance Communications’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts expect that Nuance Communications will post 0.83 EPS for the current fiscal year.

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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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