Nuance Communications Inc. (NUAN) to Release Earnings on Thursday
Nuance Communications Inc. (NASDAQ:NUAN) is scheduled to be posting its Q416 quarterly earnings results on Thursday, November 17th. Analysts expect Nuance Communications to post earnings of $0.39 per share and revenue of $505.10 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Nuance Communications Inc. (NASDAQ:NUAN) opened at 15.33 on Wednesday. Nuance Communications Inc. has a 12-month low of $13.44 and a 12-month high of $21.83. The company’s market cap is $4.29 billion. The firm’s 50 day moving average is $14.13 and its 200 day moving average is $15.31.
A number of research analysts have weighed in on NUAN shares. Barclays PLC set a $19.00 price objective on shares of Nuance Communications and gave the company a “hold” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Nuance Communications in a report on Thursday, August 11th. Zacks Investment Research cut shares of Nuance Communications from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. Finally, Deutsche Bank AG cut their price objective on shares of Nuance Communications from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $22.22.
In related news, VP Adam Bruce Bowden sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $13.96, for a total transaction of $55,840.00. Following the transaction, the vice president now directly owns 170,195 shares in the company, valued at $2,375,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.23% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. BlackRock Investment Management LLC raised its position in Nuance Communications by 94.8% in the second quarter. BlackRock Investment Management LLC now owns 282,386 shares of the company’s stock worth $4,414,000 after buying an additional 137,417 shares during the last quarter. BlackRock Inc. raised its position in Nuance Communications by 35.1% in the second quarter. BlackRock Inc. now owns 293,634 shares of the company’s stock worth $4,589,000 after buying an additional 76,240 shares during the last quarter. BlackRock Group LTD raised its position in Nuance Communications by 31.8% in the second quarter. BlackRock Group LTD now owns 2,032,880 shares of the company’s stock worth $31,773,000 after buying an additional 490,924 shares during the last quarter. Engineers Gate Manager LP raised its position in Nuance Communications by 421.0% in the second quarter. Engineers Gate Manager LP now owns 115,500 shares of the company’s stock worth $1,805,000 after buying an additional 93,331 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Nuance Communications by 55.2% in the second quarter. Canada Pension Plan Investment Board now owns 1,424,251 shares of the company’s stock worth $22,261,000 after buying an additional 506,525 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.
About Nuance Communications
Nuance Communications, Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company operates through four segments: Healthcare; Mobile and Consumer; Enterprise, and Imaging. The Company offers its customers solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition (OCR) capabilities, and domain knowledge, along with professional services and implementation support.
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