Here’s Why You Should Consider Investing in Vocera Communications (VCRA)

Alger, an investment management firm, published its “Alger Mid Cap Focus Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the largest portfolio sector weightings were Information Technology and Industrials. The largest sector overweight was Industrials. The portfolio had no exposure to the Utilities or Materials sectors and negligible exposure to the Real Estate sectors. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Alger Mid Cap Focus Fund, in its Q4 2021 investor letter, mentioned Vocera Communications, Inc. (NYSE: VCRA) and discussed its stance on the firm. Vocera Communications, Inc. is a San Jose, California-based mobile operator company with a $2.7 billion market capitalization. VCRA delivered a 21.48% return since the beginning of the year, while its 12-month returns are up by 76.10%. The stock closed at $78.77 per share on January 25, 2022.

Here is what Alger Mid Cap Focus Fund has to say about Vocera Communications, Inc. in its Q4 2021 investor letter:

“Vocera Communications is a leading provider of communication and workflow solutions, primarily for the health care industry. Vocera’s core solution is an enterprise-class server software platform that allows users to communicate and collaborate with each other using voice or HIPAA compliant secure texting through a variety of Vocera-designed and third-party devices. Vocera reported stronger-than-expected third quarter 2021 driven by increased hospital demand for its communication and workflow solutions and resulting in record customer bookings, which will be implemented during 2022. The ongoing COVID-19 pandemic has caused hospitals to increase employee productivity given ongoing labor shortages. As a result, Vocera software products are becoming a higher priority in hospital customers’ capital budgets.”

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Our calculations show that Vocera Communications, Inc. (NYSE: VCRA) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. VCRA was in 17 hedge fund portfolios at the end of the third quarter of 2021, compared to 20 funds in the previous quarter. Vocera Communications, Inc. (NYSE: VCRA) delivered a 56.17% return in the past 3 months.

You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.