Nuance Communications (NASDAQ:NUAN) updated its first quarter 2019 earnings guidance on Monday. The company provided earnings per share guidance of $0.27-0.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $497-511 million, compared to the consensus revenue estimate of $519.2 million.Nuance Communications also updated its FY 2019 guidance to $1.19-1.27 EPS.

A number of research firms have weighed in on NUAN. Stifel Nicolaus boosted their target price on shares of Nuance Communications from $15.00 to $17.00 and gave the company a hold rating in a research note on Thursday, August 9th. Barclays boosted their target price on shares of Nuance Communications from $18.00 to $20.00 and gave the company an overweight rating in a research note on Thursday, August 9th. BidaskClub upgraded shares of Nuance Communications from a hold rating to a buy rating in a research note on Wednesday, August 15th. Zacks Investment Research upgraded shares of Nuance Communications from a hold rating to a buy rating and set a $19.00 price target on the stock in a research note on Wednesday, August 15th. Finally, ValuEngine upgraded shares of Nuance Communications from a sell rating to a hold rating in a research note on Thursday, August 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Nuance Communications presently has a consensus rating of Buy and a consensus price target of $19.88.

Shares of NUAN stock traded down $0.62 during trading on Monday, reaching $16.27. 3,161,014 shares of the company’s stock traded hands, compared to its average volume of 2,564,873. The stock has a market capitalization of $4.84 billion, a P/E ratio of 27.12, a PEG ratio of 1.62 and a beta of 0.80. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.32. Nuance Communications has a 1 year low of $12.18 and a 1 year high of $18.75.

Nuance Communications announced that its Board of Directors has approved a share buyback plan on Wednesday, August 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 10.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, EVP Robert Weideman sold 28,675 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $17.24, for a total transaction of $494,357.00. Following the sale, the executive vice president now owns 346,088 shares of the company’s stock, valued at approximately $5,966,557.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel David Tempesta sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $16.30, for a total transaction of $122,250.00. Following the sale, the insider now directly owns 332,883 shares in the company, valued at approximately $5,425,992.90. The disclosure for this sale can be found here. Insiders have sold a total of 89,700 shares of company stock worth $1,526,658 over the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

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Nuance Communications Company Profile

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through four segments: Healthcare, Mobile, Enterprise, and Imaging. The Healthcare segment offers transcription solutions, which enable physicians to streamline clinical documentation with medical transcription platform; Dragon Medical, a dictation software that empowers physicians to capture and document patient care on various devices; clinical document improvement and coding solutions that ensure patient health information; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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