November 29, 2016 - By Ruchi Gupta · 0 Comments
Nuance Communications (NASDAQ:NUAN) institutional sentiment decreased to 0.84 in Q2 2016. Its down -0.10, from 0.94 in 2016Q1. The ratio fall, as 147 investment managers increased or opened new holdings, while 157 decreased and sold their holdings in Nuance Communications. The investment managers in our partner’s database now possess: 236.32 million shares, up from 235.22 million shares in 2016Q1. Also, the number of investment managers holding Nuance Communications in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 37 Reduced: 120 Increased: 109 New Position: 38.
Nuance Communications, Inc. is a provider of voice recognition solutions and natural language understanding technologies. The company has a market cap of $4.68 billion. The Firm operates through four divisions: Healthcare; Mobile and Consumer; Enterprise, and Imaging. It currently has negative earnings. The Firm offers its clients solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition capabilities, and domain knowledge, along with professional services and implementation support.
About 2.35 million shares traded hands. Nuance Communications Inc. (NASDAQ:NUAN) has declined 5.96% since April 26, 2016 and is downtrending. It has underperformed by 11.21% the S&P500.
Analysts await Nuance Communications Inc. (NASDAQ:NUAN) to report earnings on February, 14. They expect $0.29 earnings per share, up 26.09% or $0.06 from last year’s $0.23 per share. NUAN’s profit will be $82.96 million for 14.10 P/E if the $0.29 EPS becomes a reality. After $0.27 actual earnings per share reported by Nuance Communications Inc. for the previous quarter, Wall Street now forecasts 7.41% EPS growth.
According to Zacks Investment Research, “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.”
Mcrae Capital Management Inc holds 2.48% of its portfolio in Nuance Communications Inc. for 342,950 shares. Fairpointe Capital Llc owns 5.69 million shares or 2.01% of their US portfolio. Moreover, Staley Capital Advisers Inc has 1.94% invested in the company for 1.18 million shares. The New York-based Icahn Carl C has invested 1.67% in the stock. Canal Insurance Co, a South Carolina-based fund reported 194,800 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 9 insider sales for $959,253 net activity.
Ratings analysis reveals 78% of Nuance Communications’s analysts are positive. Out of 9 Wall Street analysts rating Nuance Communications, 7 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $17 while the high is $30. The stock’s average target of $21.50 is 31.42% above today’s ($16.36) share price. NUAN was included in 19 notes of analysts from August 7, 2015. Deutsche Bank maintained Nuance Communications Inc. (NASDAQ:NUAN) rating on Tuesday, August 9. Deutsche Bank has “Buy” rating and $25 price target. Deutsche Bank maintained Nuance Communications Inc. (NASDAQ:NUAN) rating on Tuesday, November 17. Deutsche Bank has “Buy” rating and $30 price target. Canaccord Genuity maintained Nuance Communications Inc. (NASDAQ:NUAN) rating on Tuesday, November 17. Canaccord Genuity has “Buy” rating and $22 price target. As per Tuesday, August 9, the company rating was maintained by UBS. The rating was maintained by Barclays Capital on Tuesday, August 9 with “Equal-Weight”. On Wednesday, September 9 the stock rating was initiated by Leerink Swann with “Outperform”. The firm earned “Buy” rating on Wednesday, May 11 by Canaccord Genuity. The stock of Nuance Communications Inc. (NASDAQ:NUAN) has “Strong Buy” rating given on Friday, November 18 by Raymond James. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, August 7 report. Oppenheimer maintained the stock with “Outperform” rating in Tuesday, November 17 report.
Nuance Communications, Inc., incorporated on September 21, 1995, is a well-known provider of voice recognition solutions and natural language understanding technologies. The Firm operates through four divisions: Healthcare; Mobile and Consumer; Enterprise, and Imaging. The Firm offers its clients solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition (OCR) capabilities, and domain knowledge, along with professional services and implementation support. The Firm markets and sells its solutions and technologies around the world directly through a sales force; through its e-commerce Website, and also through a global network of resellers, including system integrators, independent software vendors, value-added resellers, distributors, hardware vendors and telecommunications carriers. It offer its solutions and technologies to its clients in a range of ways, including perpetual licenses, hosted cloud solutions, implementation and custom solution development services and maintenance and support. It offers a range of new digital engagement offerings, including live chat, customer analytics and personalization solutions.
Another recent and important Nuance Communications Inc. (NASDAQ:NUAN) news was published by Fool.com which published an article titled: “Why Nuance Communications, Inc. Stock Soared Today” on November 18, 2016.
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By Ruchi Gupta