Renaissance Technologies LLC Buys 138,100 Shares of Vocera Communications, Inc. (VCRA)
Renaissance Technologies LLC boosted its stake in Vocera Communications, Inc. (NYSE:VCRA) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,364,000 shares of the communications equipment provider’s stock after acquiring an additional 138,100 shares during the period. Renaissance Technologies LLC owned 4.80% of Vocera Communications worth $36,037,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. acquired a new position in Vocera Communications during the 2nd quarter worth approximately $132,000. US Bancorp DE increased its position in Vocera Communications by 41.9% during the 2nd quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock worth $138,000 after purchasing an additional 1,538 shares during the period. Sei Investments Co. increased its position in Vocera Communications by 12.9% during the 1st quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock worth $143,000 after purchasing an additional 658 shares during the period. Legal & General Group Plc increased its position in Vocera Communications by 11.2% during the 2nd quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after purchasing an additional 671 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Vocera Communications during the 2nd quarter worth approximately $207,000.
In related news, General Counsel Douglas Alan Carlen sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $29.78, for a total transaction of $178,680.00. Following the transaction, the general counsel now owns 66,542 shares in the company, valued at $1,981,620.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $31.61, for a total transaction of $158,050.00. The disclosure for this sale can be found here. Insiders have sold 86,925 shares of company stock worth $2,320,107 in the last quarter. Company insiders own 6.30% of the company’s stock.
Several research firms have issued reports on VCRA. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Friday, September 29th. BidaskClub upgraded Vocera Communications from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Cantor Fitzgerald restated a “buy” rating and issued a $30.00 price target on shares of Vocera Communications in a report on Tuesday, September 26th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $32.00 price target on shares of Vocera Communications in a report on Friday, September 22nd. Finally, Leerink Swann restated an “outperform” rating and issued a $34.00 price target (up previously from $31.00) on shares of Vocera Communications in a report on Tuesday, September 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.17.
Shares of Vocera Communications, Inc. (NYSE VCRA) opened at 31.22 on Thursday. Vocera Communications, Inc. has a 12-month low of $16.10 and a 12-month high of $32.05. The company has a 50 day moving average price of $28.92 and a 200-day moving average price of $26.50. The firm’s market cap is $908.63 million.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.71%. The company had revenue of $38.45 million for the quarter, compared to analyst estimates of $37.53 million. During the same quarter in the prior year, the business earned $0.02 EPS. Vocera Communications’s revenue was up 23.4% compared to the same quarter last year. Analysts expect that Vocera Communications, Inc. will post $0.16 EPS for the current year.
About Vocera Communications
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.
Receive News & Stock Ratings for Vocera Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vocera Communications Inc. and related stocks with our FREE daily email newsletter.