Nuance Communications (NUAN) Lowered to “Sell” at Zacks Investment Research

Nuance Communications (NASDAQ:NUAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “Nuance Communications, Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. “

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Several other equities research analysts have also recently commented on NUAN. BidaskClub raised Nuance Communications from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Oppenheimer reissued a “buy” rating and issued a $23.00 target price on shares of Nuance Communications in a research note on Monday, December 18th. TheStreet raised Nuance Communications from a “d+” rating to a “c-” rating in a research note on Wednesday, January 17th. Canaccord Genuity reissued a “buy” rating and issued a $21.00 target price on shares of Nuance Communications in a research note on Monday, January 22nd. Finally, Morgan Stanley set a $20.00 target price on Nuance Communications and gave the company a “buy” rating in a research note on Thursday, March 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Nuance Communications presently has a consensus rating of “Buy” and an average target price of $20.75.

Shares of NUAN opened at $15.05 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.14. Nuance Communications has a 52-week low of $14.02 and a 52-week high of $19.93. The firm has a market capitalization of $4,384.93, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 1.50 and a beta of 0.64.

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

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Nuance Communications during the third quarter worth $149,000. The Manufacturers Life Insurance Company grew its stake in shares of Nuance Communications by 8.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock worth $178,000 after purchasing an additional 809 shares during the period. CIBC World Markets Inc. acquired a new stake in shares of Nuance Communications during the fourth quarter worth $176,000. Two Sigma Securities LLC acquired a new stake in shares of Nuance Communications during the fourth quarter worth $259,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Nuance Communications by 49.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,921 shares of the software maker’s stock worth $260,000 after purchasing an additional 5,245 shares during the period. 85.44% of the stock is owned by institutional investors and hedge funds.

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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.

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