Nuance Communications Inc.’s Trend Up, Especially After This Options Activity

 Nuance Communications Inc.'s Trend Up, Especially After This Options Activity

In today’s session Nuance Communications Inc. (NUAN) registered an unusually high (768) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious NUAN increase. With 768 contracts traded and 12214 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: NUAN161118C00014000 closed last at: $0.6 or 14.3% down. About 124,840 shares traded hands. Nuance Communications Inc. (NASDAQ:NUAN) has declined 25.80% since April 11, 2016 and is downtrending. It has underperformed by 31.95% the S&P500.

Analysts await Nuance Communications Inc. (NASDAQ:NUAN) to report earnings on November, 21. They expect $0.24 EPS, up 4.35% or $0.01 from last year’s $0.23 per share. NUAN’s profit will be $67.99 million for 14.78 P/E if the $0.24 EPS becomes a reality. After $0.23 actual EPS reported by Nuance Communications Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.

Nuance Communications Inc. (NASDAQ:NUAN) Ratings Coverage

Out of 8 analysts covering Nuance Communications (NASDAQ:NUAN), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $30 is the highest target while $17 is the lowest. The $21.50 average target is 51.41% above today’s ($14.2) stock price. Nuance Communications has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital on Friday, August 7 with “Mkt Perform”. The stock of Nuance Communications Inc. (NASDAQ:NUAN) earned “Buy” rating by Canaccord Genuity on Wednesday, May 11. The firm has “Buy” rating by Standpoint Research given on Monday, January 18. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, November 17. Leerink Swann initiated it with “Outperform” rating and $19 target price in Wednesday, September 9 report. The rating was upgraded by Standpoint Research to “Buy” on Friday, January 15. The firm earned “Buy” rating on Tuesday, August 9 by Deutsche Bank. UBS maintained Nuance Communications Inc. (NASDAQ:NUAN) rating on Tuesday, August 9. UBS has “Neutral” rating and $17 price target. As per Friday, August 7, the company rating was maintained by Canaccord Genuity. The stock of Nuance Communications Inc. (NASDAQ:NUAN) earned “Equal-Weight” rating by Barclays Capital on Tuesday, August 9.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.17, from 0.98 in 2016Q1. The ratio dropped, as 65 funds sold all Nuance Communications Inc. shares owned while 111 reduced positions. 43 funds bought stakes while 99 increased positions. They now own 215.33 million shares or 1.81% more from 211.50 million shares in 2016Q1.
Moreover, Capstone Advsr Limited Liability Company has 0.01% invested in Nuance Communications Inc. (NASDAQ:NUAN) for 33,074 shares. United Serv Automobile Association last reported 0.01% of its portfolio in the stock. Us National Bank & Trust De has 1,452 shares for 0% of their US portfolio. Moreover, Blackrock has 0.01% invested in Nuance Communications Inc. (NASDAQ:NUAN) for 293,634 shares. Eagle Asset Mngmt holds 280,096 shares or 0.03% of its portfolio. Swiss Fincl Bank accumulated 0.02% or 682,691 shares. The Germany-based Dekabank Deutsche Girozentrale has invested 0% in Nuance Communications Inc. (NASDAQ:NUAN). Citigroup accumulated 174,652 shares or 0% of the stock. Vanguard Inc accumulated 0.02% or 19.51M shares. Cantab Cap Ptnrs Ltd Liability Partnership last reported 0% of its portfolio in the stock. Thrivent Fincl For Lutherans holds 0.02% or 4.75 million shares in its portfolio. Tradewinds Cap Management Limited Liability reported 10 shares or 0% of all its holdings. Robeco Institutional Asset Bv, a Netherlands-based fund reported 462,601 shares. Moreover, Airain Limited has 0.18% invested in Nuance Communications Inc. (NASDAQ:NUAN) for 204,216 shares. Evercore Wealth Mngmt owns 2,485 shares or 0% of their US portfolio.

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 6 sales for $533,848 net activity. On Friday, September 30 Bowden Adam Bruce sold $57,800 worth of the stock or 4,000 shares. $172,288 worth of shares were sold by MARTIN KATHERINE A on Wednesday, June 8.

Nuance Communications, Inc. is a provider of voice recognition solutions and natural language understanding technologies. The company has a market cap of $4.02 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.

NUAN Company Profile

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.

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