Commonwealth Bank Of Australia Lowered Its Infosys LTD (INFY) Position; Nuance Communications (NUAN) Sentiment Is 0.95

February 23, 2018 - By Lawrence Diaz

Commonwealth Bank Of Australia decreased Infosys Ltd (INFY) stake by 96.95% reported in 2017Q3 SEC filing. Commonwealth Bank Of Australia sold 6.59 million shares as Infosys Ltd (INFY)’s stock rose 1.88%. The Commonwealth Bank Of Australia holds 207,375 shares with $3.02M value, down from 6.80M last quarter. Infosys Ltd now has $39.03 billion valuation. The stock decreased 0.28% or $0.05 during the last trading session, reaching $17.75. About 448,192 shares traded. Infosys Limited (NYSE:INFY) has declined 17.92% since February 23, 2017 and is downtrending. It has underperformed by 34.62% the S&P500.

Nuance Communications, Inc. provides voice recognition and natural language understanding solutions worldwide. The company has market cap of $4.72 billion. It operates through four divisions: Healthcare, Mobile, Enterprise, and Imaging. It currently has negative earnings. The Healthcare segment offers transcription solutions, which enables physicians to streamline clinical documentation with medical transcription platform; Dragon Medical, a dictation software that empowers physicians to accurately capture and document patient care in real-time on various devices; clinical document improvement and coding solutions to ensure patient health information is accurately documented, coded, and evaluated; and diagnostic solutions that allows radiologists to document, collaborate, and share medical images and reports.

Analysts await Infosys Limited (NYSE:INFY) to report earnings on April, 12. They expect $0.25 earnings per share, up 4.17% or $0.01 from last year’s $0.24 per share. INFY’s profit will be $549.72 million for 17.75 P/E if the $0.25 EPS becomes a reality. After $0.25 actual earnings per share reported by Infosys Limited for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Commonwealth Bank Of Australia increased Hdfc Bank Ltd (NYSE:HDB) stake by 21,321 shares to 1.81 million valued at $174.13M in 2017Q3. It also upped Cummins Inc (NYSE:CMI) stake by 1,890 shares and now owns 25,903 shares. Lowe’s Companies Inc (NYSE:LOW) was raised too.

Among 21 analysts covering Infosys (NYSE:INFY), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. Infosys had 39 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, May 26 by Goldman Sachs. As per Tuesday, October 3, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating given on Monday, January 15 by Cowen & Co. The stock of Infosys Limited (NYSE:INFY) has “Hold” rating given on Friday, August 18 by BMO Capital Markets. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, November 16. On Thursday, December 17 the stock rating was initiated by Sterne Agee CRT with “Neutral”. The firm has “Negative” rating given on Monday, February 5 by Susquehanna. As per Friday, November 10, the company rating was maintained by Robert W. Baird. Jefferies upgraded Infosys Limited (NYSE:INFY) on Wednesday, August 26 to “Underperform” rating. The firm has “Hold” rating by Robert W. Baird given on Thursday, January 4.

12Th Street Asset Management Company Llc holds 6.55% of its portfolio in Nuance Communications, Inc. for 1.61 million shares. Ivory Investment Management Llc owns 6.10 million shares or 4.77% of their US portfolio. Moreover, Shannon River Fund Management Llc has 4.28% invested in the company for 832,290 shares. The Massachusetts-based Sirios Capital Management L P has invested 4.13% in the stock. Mcrae Capital Management Inc, a New Jersey-based fund reported 330,250 shares.

Ratings analysis reveals 100% of Nuance Communications’s analysts are positive. Out of 2 Wall Street analysts rating Nuance Communications, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. NUAN was included in 2 notes of analysts from November 18, 2016. The firm has “Strong Buy” rating by Raymond James given on Friday, November 18. Barclays Capital upgraded Nuance Communications, Inc. (NASDAQ:NUAN) on Friday, January 6 to “Overweight” rating.

Since January 1, 0001, it had 0 insider buys, and 3 sales for $280,106 activity.

The stock decreased 0.83% or $0.135 during the last trading session, reaching $16.075. About 200,891 shares traded. Nuance Communications, Inc. (NUAN) has risen 16.56% since February 23, 2017 and is uptrending. It has underperformed by 0.14% the S&P500.

Analysts await Nuance Communications, Inc. (NASDAQ:NUAN) to report earnings on May, 8. They expect $0.17 EPS, down 46.88% or $0.15 from last year’s $0.32 per share. NUAN’s profit will be $49.93 million for 23.64 P/E if the $0.17 EPS becomes a reality. After $0.19 actual EPS reported by Nuance Communications, Inc. for the previous quarter, Wall Street now forecasts -10.53% negative EPS growth.

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