Medidata Solutions Inc (MDSO) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in Medidata Solutions Inc (NASDAQ:MDSO) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,651 shares of the company’s stock after buying an additional 15,399 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.23% of Medidata Solutions worth $9,483,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MDSO. Nikko Asset Management Americas Inc. boosted its position in Medidata Solutions by 50.3% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 1,078,390 shares of the company’s stock valued at $72,705,000 after buying an additional 361,023 shares during the last quarter. BlackRock Inc. raised its stake in shares of Medidata Solutions by 2.9% in the 4th quarter. BlackRock Inc. now owns 6,995,601 shares of the company’s stock valued at $471,644,000 after purchasing an additional 195,763 shares in the last quarter. Polar Capital LLP raised its stake in shares of Medidata Solutions by 37.4% in the 4th quarter. Polar Capital LLP now owns 614,413 shares of the company’s stock valued at $41,424,000 after purchasing an additional 167,328 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Medidata Solutions by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 5,200,744 shares of the company’s stock valued at $381,266,000 after purchasing an additional 142,687 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Medidata Solutions by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,200,744 shares of the company’s stock valued at $381,266,000 after purchasing an additional 142,687 shares in the last quarter.

Shares of NASDAQ:MDSO traded up $2.66 during trading hours on Friday, hitting $78.87. The stock had a trading volume of 1,211,500 shares, compared to its average volume of 582,497. Medidata Solutions Inc has a 1-year low of $60.10 and a 1-year high of $88.87. The firm has a market capitalization of $4.91 billion, a P/E ratio of 82.16, a PEG ratio of 5.35 and a beta of 1.35. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.14.

Medidata Solutions (NASDAQ:MDSO) last announced its quarterly earnings results on Tuesday, February 12th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. Medidata Solutions had a net margin of 8.17% and a return on equity of 10.03%. The company had revenue of $167.19 million for the quarter, compared to analyst estimates of $168.08 million. During the same quarter last year, the business earned $0.41 earnings per share. Medidata Solutions’s revenue was up 18.1% compared to the same quarter last year. Analysts predict that Medidata Solutions Inc will post 0.8 EPS for the current year.

MDSO has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Medidata Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. BidaskClub upgraded shares of Medidata Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 20th. Piper Jaffray Companies cut their target price on shares of Medidata Solutions to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 4th. TheStreet upgraded shares of Medidata Solutions from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. Finally, Leerink Swann assumed coverage on shares of Medidata Solutions in a research note on Wednesday, January 2nd. They set a “market perform” rating and a $70.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.61.

In other news, CFO Rouven Bergmann sold 12,512 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $75.00, for a total value of $938,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Patrick Shannon sold 19,725 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $75.17, for a total transaction of $1,482,728.25. Following the completion of the transaction, the executive vice president now owns 70,497 shares of the company’s stock, valued at $5,299,259.49. The disclosure for this sale can be found here. Insiders sold 47,237 shares of company stock worth $3,568,628 in the last 90 days. 4.70% of the stock is owned by company insiders.

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Medidata Solutions Company 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 of new therapies. The company's platform solutions include data capture and management and trial planning and management.

Further Reading: Momentum Investing

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

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