Nuance Communications (NUAN) Bonds Drop 0.8% During Trading

An issue of Nuance Communications Inc. (NASDAQ:NUAN) debt fell 0.8% against its face value during trading on Tuesday. The high-yield issue of debt has a 6% coupon and is set to mature on July 1, 2024. The debt is now trading at $101.22 and was trading at $101.28 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

A number of brokerages recently issued reports on NUAN. BidaskClub raised Nuance Communications from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered Nuance Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. ValuEngine lowered Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, May 11th. Craig Hallum dropped their target price on Nuance Communications from $24.00 to $17.00 and set an “in-line” rating on the stock in a research report on Thursday, May 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $15.00 target price (down previously from $18.00) on shares of Nuance Communications in a research report on Thursday, May 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Nuance Communications has a consensus rating of “Hold” and an average target price of $20.00.

Shares of Nuance Communications traded down $0.01, hitting $14.30, during trading on Tuesday, MarketBeat reports. 2,192,000 shares of the company were exchanged, compared to its average volume of 2,989,691. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.71 and a beta of 0.64. Nuance Communications Inc. has a fifty-two week low of $12.18 and a fifty-two week high of $19.07. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.22.



Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Wednesday, May 9th. The software maker reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $518.31 million for the quarter, compared to analyst estimates of $516.43 million. Nuance Communications had a positive return on equity of 9.42% and a negative net margin of 10.32%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. analysts anticipate that Nuance Communications Inc. will post 0.7 earnings per share for the current year.

In other Nuance Communications news, Director Mark R. Laret sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $13.98, for a total transaction of $209,700.00. Following the transaction, the director now owns 79,047 shares of the company’s stock, valued at approximately $1,105,077.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.24% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of NUAN. Victory Capital Management Inc. boosted its stake in shares of Nuance Communications by 52.4% during the 1st quarter. Victory Capital Management Inc. now owns 10,267,513 shares of the software maker’s stock worth $161,714,000 after acquiring an additional 3,530,349 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of Nuance Communications during the 1st quarter worth approximately $50,579,000. Criterion Capital Management LLC bought a new position in shares of Nuance Communications during the 1st quarter worth approximately $42,208,000. Millennium Management LLC boosted its stake in shares of Nuance Communications by 136.5% during the 4th quarter. Millennium Management LLC now owns 1,902,239 shares of the software maker’s stock worth $31,102,000 after acquiring an additional 1,097,864 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Nuance Communications during the 1st quarter worth approximately $14,950,000. Institutional investors own 85.58% of the company’s stock.

About Nuance Communications

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through four segments: Healthcare, Mobile, Enterprise, and Imaging. The Healthcare segment offers transcription solutions, which enable physicians to streamline clinical documentation with medical transcription platform; Dragon Medical, a dictation software that empowers physicians to capture and document patient care on various devices; clinical document improvement and coding solutions that ensure patient health information; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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