Nuance Communications (NASDAQ:NUAN) Hits New 52-Week High at $19.47

Nuance Communications Inc. (NASDAQ:NUAN) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.47 and last traded at $19.37, with a volume of 363487 shares trading hands. The stock had previously closed at $19.28.

NUAN has been the topic of several research analyst reports. BidaskClub upgraded shares of Nuance Communications from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 23rd. Zacks Investment Research cut shares of Nuance Communications from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut shares of Nuance Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. TheStreet upgraded shares of Nuance Communications from a “c+” rating to a “b” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer restated a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Nuance Communications has a consensus rating of “Hold” and an average price target of $20.80.

The company’s 50 day moving average price is $17.93 and its two-hundred day moving average price is $16.75. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. The stock has a market cap of $5.48 billion, a P/E ratio of 25.61, a PEG ratio of 7.41 and a beta of 0.95.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Wednesday, November 20th. The software maker reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Nuance Communications had a net margin of 11.83% and a return on equity of 12.42%. The firm had revenue of $471.97 million for the quarter, compared to analysts’ expectations of $486.13 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Nuance Communications Inc. will post 0.5 earnings per share for the current year.

In related news, EVP Thomas L. Beaudoin sold 12,355 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $17.67, for a total value of $218,312.85. Following the completion of the sale, the executive vice president now directly owns 269,209 shares of the company’s stock, valued at approximately $4,756,923.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wendy Cassity sold 13,656 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $17.51, for a total transaction of $239,116.56. Following the completion of the sale, the executive vice president now directly owns 111,640 shares of the company’s stock, valued at $1,954,816.40. The disclosure for this sale can be found here. Insiders sold a total of 63,374 shares of company stock worth $1,108,662 in the last quarter. Company insiders own 0.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Evoke Wealth LLC purchased a new stake in Nuance Communications in the 3rd quarter worth approximately $30,000. Select Equity Group L.P. purchased a new stake in Nuance Communications in the 3rd quarter worth approximately $27,825,000. Squarepoint Ops LLC grew its holdings in Nuance Communications by 413.3% during the 3rd quarter. Squarepoint Ops LLC now owns 389,503 shares of the software maker’s stock valued at $6,353,000 after buying an additional 313,621 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Nuance Communications by 4.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 95,550 shares of the software maker’s stock valued at $1,558,000 after buying an additional 4,284 shares in the last quarter. Finally, Phocas Financial Corp. grew its holdings in Nuance Communications by 3,860.4% during the 3rd quarter. Phocas Financial Corp. now owns 265,666 shares of the software maker’s stock valued at $4,333,000 after buying an additional 258,958 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Nuance Communications Company Profile (NASDAQ:NUAN)

Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people – amplifying human intelligence to increase productivity and security. With decades of domain and AI expertise, Nuance works with thousands of organizations globally across healthcare, financial services, telecommunications, government, and retail – to create stronger relationships and better experiences for their customers and workforce.

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