Nuance Communications Inc. (NASDAQ:NUAN) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.86.
NUAN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, December 5th. Oppenheimer reissued a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a research report on Monday, December 18th. Morgan Stanley restated a “buy” rating and issued a $18.00 target price on shares of Nuance Communications in a research note on Wednesday, November 22nd. Canaccord Genuity restated a “buy” rating and issued a $21.00 target price on shares of Nuance Communications in a research note on Monday, January 22nd. Finally, TheStreet upgraded shares of Nuance Communications from a “d+” rating to a “c-” rating in a research note on Wednesday, January 17th.
A number of hedge funds have recently modified their holdings of the business. Sawtooth Solutions LLC grew its stake in Nuance Communications by 25.2% in the 4th quarter. Sawtooth Solutions LLC now owns 34,203 shares of the software maker’s stock worth $559,000 after acquiring an additional 6,876 shares in the last quarter. Phocas Financial Corp. bought a new position in Nuance Communications in the 4th quarter worth about $5,403,000. Fairpointe Capital LLC grew its stake in Nuance Communications by 1.7% in the 4th quarter. Fairpointe Capital LLC now owns 5,219,722 shares of the software maker’s stock worth $85,343,000 after acquiring an additional 85,412 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Nuance Communications by 46.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 465,632 shares of the software maker’s stock worth $7,613,000 after acquiring an additional 147,027 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its stake in shares of Nuance Communications by 49.9% during the fourth quarter. Vident Investment Advisory LLC now owns 1,177,563 shares of the software maker’s stock valued at $19,253,000 after purchasing an additional 391,971 shares in the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Nuance Communications had a negative net margin of 3.76% and a positive return on equity of 11.62%. The company had revenue of $508.80 million for the quarter, compared to analyst estimates of $508.55 million. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts predict that Nuance Communications will post 0.83 EPS for the current year.
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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.
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