Cadence Capital Management LLC Buys Shares of 76,691 Vocera Communications Inc (VCRA)

Cadence Capital Management LLC bought a new stake in shares of Vocera Communications Inc (NYSE:VCRA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 76,691 shares of the communications equipment provider’s stock, valued at approximately $2,426,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VCRA. Norges Bank purchased a new stake in shares of Vocera Communications during the 4th quarter valued at about $13,129,000. Janus Henderson Group PLC raised its position in shares of Vocera Communications by 24.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,140,259 shares of the communications equipment provider’s stock valued at $36,066,000 after buying an additional 220,388 shares in the last quarter. Emerald Advisers LLC raised its position in shares of Vocera Communications by 34.9% during the 4th quarter. Emerald Advisers LLC now owns 666,614 shares of the communications equipment provider’s stock valued at $26,231,000 after buying an additional 172,572 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of Vocera Communications by 34.7% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 616,382 shares of the communications equipment provider’s stock valued at $24,255,000 after buying an additional 158,947 shares in the last quarter. Finally, Castleark Management LLC purchased a new stake in shares of Vocera Communications during the 4th quarter valued at about $5,426,000.

VCRA has been the topic of several recent research reports. Cantor Fitzgerald restated a “buy” rating and set a $37.00 target price on shares of Vocera Communications in a research report on Thursday, February 7th. Citigroup cut shares of Vocera Communications from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. ValuEngine cut shares of Vocera Communications from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research cut shares of Vocera Communications from a “buy” rating to a “hold” rating in a research report on Saturday, February 9th. Finally, Chardan Capital cut shares of Vocera Communications from a “buy” rating to a “neutral” rating and decreased their target price for the company from $46.00 to $33.00 in a research report on Monday, February 11th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Vocera Communications has an average rating of “Buy” and a consensus price target of $39.30.

In related news, General Counsel Douglas Alan Carlen sold 1,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $34.22, for a total value of $34,220.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mary Bridget Duffy sold 31,545 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $32.21, for a total transaction of $1,016,064.45. Following the transaction, the insider now directly owns 90,873 shares in the company, valued at $2,927,019.33. The disclosure for this sale can be found here. Insiders sold a total of 98,377 shares of company stock worth $3,289,895 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

Vocera Communications stock opened at $33.26 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.46 and a current ratio of 4.57. Vocera Communications Inc has a 1-year low of $25.61 and a 1-year high of $42.60. The stock has a market capitalization of $1.04 billion, a P/E ratio of -195.65 and a beta of 0.24.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, April 25th. The communications equipment provider reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.22. Vocera Communications had a negative net margin of 9.52% and a negative return on equity of 7.87%. The company had revenue of $35.30 million for the quarter, compared to analyst estimates of $34.03 million. During the same period in the prior year, the company posted $0.04 EPS. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. Sell-side analysts expect that Vocera Communications Inc will post -0.33 EPS for the current fiscal year.

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About Vocera Communications

Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.

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Institutional Ownership by Quarter for Vocera Communications (NYSE:VCRA)

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