Shares of Nuance Communications, Inc. (NASDAQ:NUAN) have earned an average recommendation of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $20.38.

NUAN has been the topic of a number of analyst reports. Zacks Investment Research raised Nuance Communications from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub downgraded Nuance Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Barclays PLC cut their price target on Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 9th. Deutsche Bank AG cut their price target on Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Finally, Canaccord Genuity cut their price target on Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th.

Shares of Nuance Communications (NASDAQ:NUAN) opened at 15.75 on Wednesday. The stock’s 50 day moving average price is $15.90 and its 200-day moving average price is $17.20. Nuance Communications has a 12 month low of $13.44 and a 12 month high of $19.93. The firm’s market capitalization is $4.55 billion.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.09). The company had revenue of $495.60 million during the quarter, compared to analyst estimates of $495.57 million. Nuance Communications had a negative net margin of 3.38% and a positive return on equity of 14.73%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. On average, equities research analysts predict that Nuance Communications will post $1.00 EPS for the current fiscal year.

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In related news, EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $16.00, for a total transaction of $74,912.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel David Tempesta sold 6,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.58, for a total value of $101,270.00. Following the sale, the insider now directly owns 258,188 shares in the company, valued at approximately $4,022,569.04. The disclosure for this sale can be found here. Insiders have sold a total of 25,182 shares of company stock worth $410,317 in the last ninety days. 1.67% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in shares of Nuance Communications in the 2nd quarter valued at about $103,000. Commonwealth Bank of Australia raised its stake in shares of Nuance Communications by 29.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock valued at $121,000 after purchasing an additional 1,600 shares during the period. Ledyard National Bank raised its stake in shares of Nuance Communications by 4.8% in the 2nd quarter. Ledyard National Bank now owns 7,160 shares of the software maker’s stock valued at $125,000 after purchasing an additional 330 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Nuance Communications by 23.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock valued at $146,000 after purchasing an additional 1,600 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Nuance Communications by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after purchasing an additional 809 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

About Nuance Communications

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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