PNC Financial Services Group Inc. cut its holdings in Vocera Communications Inc (NYSE:VCRA) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,501 shares of the communications equipment provider’s stock after selling 28,605 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vocera Communications were worth $4,005,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Price Capital Management Inc. bought a new position in Vocera Communications in the third quarter valued at approximately $132,000. United Services Automobile Association bought a new position in Vocera Communications in the second quarter valued at approximately $210,000. California Public Employees Retirement System bought a new position in Vocera Communications in the second quarter valued at approximately $231,000. Laurion Capital Management LP bought a new position in Vocera Communications in the second quarter valued at approximately $234,000. Finally, Aristeia Capital LLC bought a new position in Vocera Communications in the second quarter valued at approximately $278,000.
In related news, Chairman Brent D. Lang sold 10,000 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $33.88, for a total transaction of $338,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John N. Mcmullen sold 38,929 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $34.92, for a total transaction of $1,359,400.68. Following the sale, the director now owns 65,479 shares in the company, valued at $2,286,526.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,429 shares of company stock worth $2,797,996. Insiders own 4.90% of the company’s stock.
Shares of NYSE VCRA opened at $40.15 on Thursday. The firm has a market cap of $1.21 billion, a PE ratio of -133.83 and a beta of 0.17. Vocera Communications Inc has a twelve month low of $22.43 and a twelve month high of $41.51. The company has a current ratio of 4.52, a quick ratio of 4.46 and a debt-to-equity ratio of 0.69.
Vocera Communications (NYSE:VCRA) last announced its quarterly earnings results on Thursday, October 25th. The communications equipment provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10. The company had revenue of $47.82 million for the quarter, compared to analysts’ expectations of $46.40 million. Vocera Communications had a negative net margin of 3.36% and a negative return on equity of 0.71%. As a group, equities analysts anticipate that Vocera Communications Inc will post -0.16 earnings per share for the current fiscal year.
A number of brokerages have issued reports on VCRA. Robert W. Baird reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Vocera Communications in a research note on Friday, November 30th. ValuEngine raised shares of Vocera Communications from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 27th. Jefferies Financial Group started coverage on shares of Vocera Communications in a research report on Wednesday, September 19th. They set a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, October 16th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price target on shares of Vocera Communications in a research report on Tuesday, August 21st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Vocera Communications currently has a consensus rating of “Buy” and an average target price of $37.78.
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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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