Latest Stocks: Nuance Communications Inc. (NUAN) Receives “Buy” Rating from Barclays PLC

Latest Stocks: Nuance Communications Inc. (NUAN) Receives “Buy” Rating from Barclays PLC

Nuance Communications Inc. (NASDAQ:NUAN)‘s stock had its “buy” rating reiterated by equities researchers at Barclays PLC in a research report issued to clients and investors on Friday, May 12th. They presently have a $22.00 price target on the software maker’s stock. Barclays PLC’s target price would indicate a potential upside of 14.70% from the stock’s current price.

NUAN has been the topic of a number of other research reports. Citigroup Inc reaffirmed an “outperform” rating on shares of Nuance Communications in a research report on Wednesday, February 8th. Zacks Investment Research downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a research report on Thursday, January 19th. Stifel Nicolaus lifted their price objective on shares of Nuance Communications from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Nuance Communications in a research report on Thursday, February 9th. Finally, Canaccord Genuity reissued a “buy” rating and set a $20.00 target price on shares of Nuance Communications in a research report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.00.

Nuance Communications (NASDAQ:NUAN) opened at 19.18 on Friday. The company’s 50 day moving average is $18.29 and its 200 day moving average is $16.78. The stock’s market cap is $5.52 billion. Nuance Communications has a 12 month low of $13.44 and a 12 month high of $19.93.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.04. Nuance Communications had a positive return on equity of 15.22% and a negative net margin of 1.24%. The firm had revenue of $511.10 million during the quarter, compared to analysts’ expectations of $506.83 million. During the same period in the previous year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that Nuance Communications will post $1.18 EPS for the current fiscal year. In related news, EVP Robert C. Schassler sold 35,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $17.04, for a total value of $596,400.00. Following the completion of the transaction, the executive vice president now directly owns 237,036 shares in the company, valued at approximately $4,039,093.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Adam Bruce Bowden sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $17.01, for a total transaction of $34,020.00. Following the completion of the transaction, the vice president now owns 188,290 shares of the company’s stock, valued at $3,202,812.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,225 shares of company stock valued at $1,794,388. Company insiders own 1.67% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its position in Nuance Communications by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 102,488 shares of the software maker’s stock valued at $1,774,000 after buying an additional 566 shares in the last quarter. Achmea Investment Management B.V. purchased a new position in Nuance Communications during the first quarter valued at about $233,000. Lapides Asset Management LLC purchased a new position in Nuance Communications during the first quarter valued at about $1,580,000. HighTower Advisors LLC boosted its position in Nuance Communications by 1,191.5% in the first quarter. HighTower Advisors LLC now owns 168,182 shares of the software maker’s stock valued at $2,922,000 after buying an additional 155,160 shares in the last quarter. Finally, Westover Capital Advisors LLC purchased a new position in Nuance Communications during the first quarter valued at about $185,000. Hedge funds and other institutional investors own 82.96% of the company’s stock. Nuance Communications Company Profile

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