The stock of Nuance Communications Inc. (NASDAQ:NUAN) is a huge mover today! About 1.63M shares traded hands. Nuance Communications Inc. (NASDAQ:NUAN) has declined 25.22% since April 13, 2016 and is downtrending. It has underperformed by 29.15% the S&P500.
The move comes after 9 months positive chart setup for the $4.24 billion company. It was reported on Nov, 15 by Barchart.com. We have $18.60 PT which if reached, will make NASDAQ:NUAN worth $975.20M more.
Analysts await Nuance Communications Inc. (NASDAQ:NUAN) to report earnings on November, 21. They expect $0.24 earnings per share, up 4.35% or $0.01 from last year’s $0.23 per share. NUAN’s profit will be $67.35 million for 15.74 P/E if the $0.24 EPS becomes a reality. After $0.23 actual earnings per share 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. Nuance Communications has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Nuance Communications Inc. (NASDAQ:NUAN) has “Equal-Weight” rating given on Friday, April 15 by Barclays Capital. The stock of Nuance Communications Inc. (NASDAQ:NUAN) has “Outperform” rating given on Tuesday, November 17 by Oppenheimer. The firm earned “Buy” rating on Monday, January 18 by Standpoint Research. On Wednesday, May 11 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Neutral” rating given on Tuesday, August 9 by UBS. The stock has “Buy” rating given by Canaccord Genuity on Friday, August 7. Leerink Swann initiated it with “Outperform” rating and $19 target price in Wednesday, September 9 report. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, November 17 report. On Friday, January 15 the stock rating was upgraded by Standpoint Research to “Buy”. The firm earned “Buy” rating on Tuesday, August 9 by Deutsche Bank.
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.
First Eagle Invest Mgmt Lc owns 700 shares or 0% of their US portfolio. Andra Ap accumulated 190,400 shares or 0.08% of the stock. Tocqueville Asset Mngmt Lp last reported 148,700 shares in the company. Reliance Tru Of Delaware last reported 53,855 shares in the company. Schwab Charles Mngmt Inc holds 2.55M shares or 0.05% of its portfolio. Jane Street Group Inc Limited Liability Com holds 19,935 shares or 0% of its portfolio. Daiwa Securities Group holds 5,700 shares or 0% of its portfolio. Apg Asset Mgmt Nv holds 0.01% of its portfolio in Nuance Communications Inc. (NASDAQ:NUAN) for 464,361 shares. Paloma Prns Mgmt Com has 32,117 shares for 0.01% of their US portfolio. Public Employees Retirement Association Of Colorado holds 56,026 shares or 0.01% of its portfolio. The New York-based Highbridge Management Ltd Liability Corp has invested 0.22% in Nuance Communications Inc. (NASDAQ:NUAN). Moreover, 1St Glob Advisors has 0.04% invested in Nuance Communications Inc. (NASDAQ:NUAN) for 18,785 shares. British Columbia Investment Corp owns 258,793 shares or 0.04% of their US portfolio. Hbk Invests Lp reported 693,334 shares or 0.09% of all its holdings. Financial Mngmt Inc holds 0% of its portfolio in Nuance Communications Inc. (NASDAQ:NUAN) for 382 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 6 insider sales for $533,848 net activity. Bowden Adam Bruce sold $58,200 worth of stock or 4,000 shares. On Wednesday, June 8 the insider MARTIN KATHERINE A sold $172,288.
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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