Zacks Investment Research Downgrades Nuance Communications (NUAN) to Sell

Zacks Investment Research lowered shares of Nuance Communications (NASDAQ:NUAN) from a hold rating to a sell rating in a research report report published on Wednesday.

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 analysts have also recently issued reports about the stock. Oppenheimer reaffirmed a buy rating and issued a $23.00 target price on shares of Nuance Communications in a research note on Monday, December 18th. BidaskClub raised shares of Nuance Communications from a sell rating to a hold rating in a research note on Saturday, March 3rd. Canaccord Genuity reaffirmed a buy rating and issued a $21.00 target price on shares of Nuance Communications in a research note on Monday, January 22nd. TheStreet raised shares of Nuance Communications from a d+ rating to a c- rating in a research note on Wednesday, January 17th. Finally, Morgan Stanley set a $20.00 target price on shares of Nuance Communications and gave the stock a buy rating in a research note on Thursday, March 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $20.75.



NUAN stock traded up $0.12 during midday trading on Wednesday, hitting $15.15. The stock had a trading volume of 70,639 shares, compared to its average volume of 2,649,100. The stock has a market capitalization of $4,420.17, a P/E ratio of 25.05, a PEG ratio of 1.51 and a beta of 0.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.46 and a current ratio of 1.46. Nuance Communications has a 12-month low of $14.02 and a 12-month high of $19.93.

Nuance Communications (NASDAQ:NUAN) last released its earnings results on Thursday, February 8th. The software maker reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $508.80 million during the quarter, compared to analysts’ expectations of $508.55 million. Nuance Communications had a negative net margin of 3.76% and a positive return on equity of 11.62%. Nuance Communications’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. research analysts forecast that Nuance Communications will post 0.83 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Nuance Communications during the 3rd quarter valued at $149,000. CIBC World Markets Inc. purchased a new stake in shares of Nuance Communications during the 4th quarter valued at $176,000. The Manufacturers Life Insurance Company grew its stake in shares of Nuance Communications by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after buying an additional 809 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Nuance Communications during the 4th quarter valued at $259,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Nuance Communications by 49.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,921 shares of the software maker’s stock valued at $260,000 after buying an additional 5,245 shares during the period. 85.44% of the stock is owned by institutional investors.

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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.

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