Wells Fargo & Company MN lifted its holdings in Vocera Communications, Inc. (NYSE:VCRA) by 159.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 276,424 shares of the communications equipment provider’s stock after purchasing an additional 169,900 shares during the period. Wells Fargo & Company MN owned approximately 0.97% of Vocera Communications worth $7,302,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Vocera Communications by 12.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,225,900 shares of the communications equipment provider’s stock valued at $30,439,000 after buying an additional 137,800 shares during the period. Vanguard Group Inc. increased its stake in Vocera Communications by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 1,072,057 shares of the communications equipment provider’s stock valued at $26,619,000 after buying an additional 45,775 shares during the period. Rockefeller Financial Services Inc. increased its stake in Vocera Communications by 3.1% in the 2nd quarter. Rockefeller Financial Services Inc. now owns 926,895 shares of the communications equipment provider’s stock valued at $24,489,000 after buying an additional 28,125 shares during the period. Columbus Circle Investors increased its stake in Vocera Communications by 3.1% in the 2nd quarter. Columbus Circle Investors now owns 655,372 shares of the communications equipment provider’s stock valued at $17,315,000 after buying an additional 20,011 shares during the period. Finally, Conestoga Capital Advisors LLC acquired a new position in Vocera Communications in the 2nd quarter valued at $14,907,000.
In related news, General Counsel Douglas Alan Carlen sold 6,000 shares of Vocera Communications stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $29.78, for a total transaction of $178,680.00. Following the completion of the sale, the general counsel now directly owns 66,542 shares of the company’s stock, valued at approximately $1,981,620.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $27.86, for a total value of $139,300.00. The disclosure for this sale can be found here. Insiders sold 27,000 shares of company stock valued at $789,260 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.
VCRA has been the topic of a number of recent analyst reports. Leerink Swann upped their price target on shares of Vocera Communications from $24.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 price target on shares of Vocera Communications in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Vocera Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $32.00 price objective on shares of Vocera Communications in a research note on Friday, September 22nd. Finally, BidaskClub raised shares of Vocera Communications from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $31.17.
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Shares of Vocera Communications, Inc. (VCRA) opened at 29.08 on Wednesday. The firm’s market cap is $846.34 million. Vocera Communications, Inc. has a 52-week low of $16.10 and a 52-week high of $32.05. The company’s 50-day moving average is $29.54 and its 200-day moving average is $26.86.
Vocera Communications (NYSE:VCRA) last announced its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative return on equity of 14.71% and a negative net margin of 17.28%. The business had revenue of $38.45 million during the quarter, compared to the consensus estimate of $37.53 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s revenue was up 23.4% compared to the same quarter last year. Equities research analysts forecast that Vocera Communications, Inc. will post $0.16 earnings per share for the current fiscal year.
Vocera Communications Company Profile
Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.
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