State Board of Administration of Florida Retirement System Boosts Stock Position in Medidata Solutions Inc (NASDAQ:MDSO)

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State Board of Administration of Florida Retirement System increased its stake in Medidata Solutions Inc (NASDAQ:MDSO) by 54.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,678 shares of the company’s stock after buying an additional 26,829 shares during the period. State Board of Administration of Florida Retirement System owned 0.12% of Medidata Solutions worth $6,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of Medidata Solutions by 126.8% in the 1st quarter. Quadrant Capital Group LLC now owns 592 shares of the company’s stock worth $40,000 after buying an additional 331 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Medidata Solutions by 58.3% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 475 shares of the company’s stock worth $42,000 after buying an additional 175 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Medidata Solutions in the 2nd quarter worth approximately $185,000. World Asset Management Inc purchased a new stake in shares of Medidata Solutions in the 1st quarter worth approximately $210,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Medidata Solutions in the 2nd quarter worth approximately $213,000. Institutional investors own 91.15% of the company’s stock.

Medidata Solutions stock traded up $0.01 during trading on Wednesday, reaching $91.55. The company had a trading volume of 2,445 shares, compared to its average volume of 830,915. Medidata Solutions Inc has a 52 week low of $60.10 and a 52 week high of $98.60. The firm’s 50-day simple moving average is $91.23 and its 200 day simple moving average is $85.36. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 95.40, a price-to-earnings-growth ratio of 6.17 and a beta of 1.23. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.27.

Medidata Solutions (NASDAQ:MDSO) last posted its quarterly earnings results on Monday, July 22nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.31. The business had revenue of $180.50 million for the quarter, compared to analysts’ expectations of $179.95 million. Medidata Solutions had a return on equity of 8.64% and a net margin of 6.43%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. On average, analysts predict that Medidata Solutions Inc will post 0.78 earnings per share for the current year.

Several analysts recently weighed in on MDSO shares. SunTrust Banks upped their price target on Medidata Solutions from $85.00 to $92.25 and gave the stock a “hold” rating in a research note on Thursday, June 13th. Dougherty & Co downgraded Medidata Solutions from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 1st. Wells Fargo & Co reissued a “hold” rating on shares of Medidata Solutions in a report on Thursday, June 13th. William Blair cut Medidata Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. raised Medidata Solutions from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $84.27.

In other Medidata Solutions news, Director Robert Taylor sold 3,294 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $90.88, for a total transaction of $299,358.72. Following the sale, the director now directly owns 41,757 shares of the company’s stock, valued at $3,794,876.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.70% of the stock is owned by company insiders.

Medidata Solutions Profile

Medidata Solutions, Inc provides cloud-based solutions for life sciences worldwide. It offers the Medidata Clinical Cloud, a platform, pioneering analytics, and clinical technology for the development and commercialization of new therapies. The company's platform solutions include data capture and management, and trial planning and management.

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Institutional Ownership by Quarter for Medidata Solutions (NASDAQ:MDSO)

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