Nuance Communications, Inc. (NASDAQ:NUAN) – Analysts at Craig Hallum upped their FY2018 earnings estimates for shares of Nuance Communications in a note issued to investors on Wednesday. Craig Hallum analyst J. Van. Rhee now expects that the software maker will earn $0.78 per share for the year, up from their previous estimate of $0.67.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The firm had revenue of $474.70 million during the quarter, compared to the consensus estimate of $457.09 million. During the same period last year, the firm posted $0.41 EPS. The firm’s quarterly revenue was down 7.4% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the stock. Morgan Stanley upgraded shares of Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 price objective for the company in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and issued a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a research report on Wednesday, November 29th. Raymond James Financial lowered their price objective on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 9th. Finally, Deutsche Bank lowered their price objective on shares of Nuance Communications from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.50.

Nuance Communications (NUAN) traded down $0.23 on Monday, reaching $15.06. 4,130,723 shares of the company’s stock traded hands, compared to its average volume of 2,795,572. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The firm has a market cap of $4,586.40, a PE ratio of 19.75, a PEG ratio of 1.63 and a beta of 0.60. Nuance Communications has a 52-week low of $14.02 and a 52-week high of $19.93.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Nuance Communications during the 2nd quarter worth approximately $103,000. Commonwealth Bank of Australia grew its position in shares of Nuance Communications by 29.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock worth $121,000 after buying an additional 1,600 shares during the period. Exane Derivatives grew its position in shares of Nuance Communications by 250.3% during the 3rd quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock worth $130,000 after buying an additional 5,912 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Nuance Communications by 23.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock worth $146,000 after buying an additional 1,600 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Nuance Communications during the 3rd quarter worth approximately $149,000. Institutional investors own 85.56% of the company’s stock.

In other news, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total transaction of $101,270.00. Following the completion of the sale, the insider now owns 258,188 shares in the company, valued at approximately $4,022,569.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The disclosure for this sale can be found here. Insiders sold a total of 15,864 shares of company stock valued at $243,603 in the last 90 days. Corporate insiders own 1.67% of the company’s stock.

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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.

Earnings History and Estimates for Nuance Communications (NASDAQ:NUAN)

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