Public Employees Retirement Association of Colorado continued to hold its position in Medidata Solutions, Inc. (NASDAQ:MDSO) during the second quarter, Holdings Channel reports. The fund owned 12,444 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Medidata Solutions were worth $973,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new stake in shares of Medidata Solutions during the first quarter valued at $121,000. LS Investment Advisors LLC boosted its stake in shares of Medidata Solutions by 44.6% in the first quarter. LS Investment Advisors LLC now owns 3,310 shares of the company’s stock valued at $191,000 after buying an additional 1,021 shares in the last quarter. World Asset Management Inc bought a new stake in shares of Medidata Solutions during the first quarter valued at $201,000. Miles Capital Inc. bought a new stake in shares of Medidata Solutions during the first quarter valued at $202,000. Finally, Oppenheimer & Close LLC bought a new stake in shares of Medidata Solutions during the first quarter valued at $210,000.
Shares of Medidata Solutions, Inc. (NASDAQ:MDSO) opened at 74.03 on Thursday. The firm has a 50-day moving average price of $77.60 and a 200 day moving average price of $66.91. Medidata Solutions, Inc. has a 12-month low of $46.10 and a 12-month high of $85.92. The stock has a market cap of $4.19 billion, a PE ratio of 119.60 and a beta of 1.79.
Medidata Solutions (NASDAQ:MDSO) last announced its earnings results on Tuesday, July 18th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Medidata Solutions had a return on equity of 11.14% and a net margin of 7.07%. The business had revenue of $137.41 million during the quarter, compared to analyst estimates of $134.28 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research analysts expect that Medidata Solutions, Inc. will post $1.28 earnings per share for the current year.
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Several brokerages recently weighed in on MDSO. Zacks Investment Research upgraded Medidata Solutions from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, May 3rd. Morgan Stanley set a $74.00 target price on Medidata Solutions and gave the company a “buy” rating in a report on Wednesday, June 14th. Needham & Company LLC restated a “buy” rating and set a $90.00 target price (up from $75.00) on shares of Medidata Solutions in a report on Friday, July 21st. BidaskClub cut Medidata Solutions from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Piper Jaffray Companies increased their target price on Medidata Solutions to $87.00 and gave the company an “overweight” rating in a report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. Medidata Solutions has an average rating of “Buy” and a consensus target price of $78.17.
In other Medidata Solutions news, Director Robert Taylor sold 5,639 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $73.46, for a total transaction of $414,240.94. Following the completion of the transaction, the director now owns 54,372 shares in the company, valued at $3,994,167.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.80% of the stock is owned by insiders.
About Medidata Solutions
Medidata Solutions Inc (Medidata) is a provider of cloud-based solutions for life sciences. The Company provides cloud-based solutions for clinical research in life sciences, offering platform technology that focuses on the clinical development. The Company’s plan study addresses three areas to ensure optimal study design, grant development and negotiation, and investigator payments.
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