Nuance Communications Inc. (NASDAQ:NUAN) posted its earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The firm earned $512.40 million during the quarter, compared to the consensus estimate of $505.10 million. Nuance Communications had a negative net margin of 2.15% and a positive return on equity of 14.07%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Nuance Communications updated its Q1 guidance to $0.32-0.35 EPS and its FY17 guidance to $1.53-1.63 EPS.

Shares of Nuance Communications (NASDAQ:NUAN) opened at 15.55 on Friday. The stock’s 50 day moving average is $14.15 and its 200-day moving average is $15.31. The firm’s market cap is $4.35 billion. Nuance Communications has a 52-week low of $13.44 and a 52-week high of $21.83.

Earnings History for Nuance Communications (NASDAQ:NUAN)

A number of analysts recently issued reports on NUAN shares. Zacks Investment Research downgraded shares of Nuance Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 5th. Barclays PLC set a $19.00 target price on shares of Nuance Communications and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $26.00 target price on shares of Nuance Communications in a research report on Thursday, August 11th. Finally, Deutsche Bank AG dropped their target price on shares of Nuance Communications from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.38.

In other Nuance Communications news, VP Adam Bruce Bowden sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $13.96, for a total transaction of $55,840.00. Following the completion of the sale, the vice president now directly owns 170,195 shares in the company, valued at approximately $2,375,922.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.23% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Nuance Communications by 0.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 34,283 shares of the company’s stock valued at $536,000 after buying an additional 139 shares in the last quarter. Menta Capital LLC raised its stake in shares of Nuance Communications by 1.3% in the second quarter. Menta Capital LLC now owns 23,500 shares of the company’s stock valued at $367,000 after buying an additional 300 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Nuance Communications by 1.2% in the third quarter. Bank of Montreal Can now owns 30,444 shares of the company’s stock valued at $441,000 after buying an additional 356 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Nuance Communications by 2.4% in the second quarter. CIBC Asset Management Inc now owns 16,674 shares of the company’s stock valued at $261,000 after buying an additional 384 shares in the last quarter. Finally, Ledyard National Bank raised its stake in shares of Nuance Communications by 5.1% in the second quarter. Ledyard National Bank now owns 8,230 shares of the company’s stock valued at $129,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Nuance Communications Company Profile

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.

5 Day Chart for NASDAQ:NUAN

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