November 29, 2016 - By Marie Mckinney · 0 Comments
Nuance Communications Inc (NASDAQ:NUAN) institutional sentiment decreased to 0.76 in 2016 Q2. Its down -0.05, from 0.81 in 2016Q1. The ratio fall, as 142 active investment managers started new and increased positions, while 176 cut down and sold stock positions in Nuance Communications Inc. The active investment managers in our partner’s database now have: 215.33 million shares, up from 211.50 million shares in 2016Q1. Also, the number of active investment managers holding Nuance Communications Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 65 Reduced: 111 Increased: 99 New Position: 43.
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 2.36M 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 EPS, up 26.09% or $0.06 from last year’s $0.23 per share. NUAN’s profit will be $82.91M for 14.11 P/E if the $0.29 EPS becomes a reality. After $0.27 actual EPS 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 purchases, and 9 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 31.34% above today’s ($16.37) share price. NUAN was included in 19 notes of analysts from August 7, 2015. The firm has “Outperform” rating given on Wednesday, May 11 by Leerink Swann. The rating was upgraded by Standpoint Research on Monday, January 18 to “Buy”. The stock has “Neutral” rating given by UBS on Tuesday, August 9. The stock has “Buy” rating given by Canaccord Genuity on Friday, August 7. As per Tuesday, November 17, the company rating was maintained by Oppenheimer. The stock of Nuance Communications Inc. (NASDAQ:NUAN) has “Strong Buy” rating given on Friday, November 18 by Raymond James. The stock of Nuance Communications Inc. (NASDAQ:NUAN) earned “Buy” rating by Canaccord Genuity on Tuesday, November 17. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 9. Deutsche Bank maintained the shares of NUAN in a report on Tuesday, August 9 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, May 11 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 Marie Mckinney