Zacks Investment Research upgraded shares of Nuance Communications (NASDAQ:NUAN) from a hold rating to a buy rating in a research report sent to investors on Friday morning, Zacks.com reports. They currently have $19.00 target price on the software maker’s stock.

According to Zacks, “Nuance Communications, Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. “

Other equities research analysts have also issued research reports about the stock. Wedbush reissued a buy rating and set a $22.00 price objective on shares of Nuance Communications in a research note on Wednesday, July 24th. BidaskClub lowered shares of Nuance Communications from a sell rating to a strong sell rating in a research note on Wednesday, September 4th. Finally, ValuEngine lowered shares of Nuance Communications from a buy rating to a hold rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $19.33.

Shares of NUAN opened at $16.72 on Friday. The firm’s 50-day moving average price is $16.81 and its 200-day moving average price is $16.83. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 4.16 and a beta of 0.94. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. Nuance Communications has a 1-year low of $12.66 and a 1-year high of $18.16.

Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Wednesday, August 7th. The software maker reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Nuance Communications had a net margin of 3.88% and a return on equity of 13.93%. The firm had revenue of $460.20 million for the quarter, compared to analyst estimates of $455.93 million. On average, research analysts forecast that Nuance Communications will post 0.82 EPS for the current fiscal year.

In related news, insider Robert Weideman sold 12,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $17.00, for a total transaction of $204,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas L. Beaudoin sold 8,301 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $16.04, for a total transaction of $133,148.04. Following the sale, the executive vice president now directly owns 284,993 shares in the company, valued at approximately $4,571,287.72. The disclosure for this sale can be found here. Insiders have sold 68,152 shares of company stock worth $1,147,376 in the last three months. 0.68% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in Nuance Communications in the second quarter worth about $26,000. Bremer Bank National Association purchased a new position in shares of Nuance Communications during the first quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nuance Communications by 25.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,127 shares of the software maker’s stock valued at $53,000 after purchasing an additional 628 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Nuance Communications by 24.0% during the second quarter. Pinebridge Investments L.P. now owns 4,645 shares of the software maker’s stock valued at $74,000 after purchasing an additional 900 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Nuance Communications by 56.9% during the second quarter. US Bancorp DE now owns 5,830 shares of the software maker’s stock valued at $93,000 after purchasing an additional 2,114 shares during the last quarter. 88.63% of the stock is currently owned by institutional investors and hedge funds.

Nuance Communications Company Profile

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; 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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