Municipal Employees Retirement System of Michigan boosted its position in shares of Medidata Solutions, Inc. (NASDAQ:MDSO) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,100 shares of the company’s stock after buying an additional 630 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Medidata Solutions were worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 1st Global Advisors Inc. boosted its position in shares of Medidata Solutions by 0.9% in the first quarter. 1st Global Advisors Inc. now owns 8,206 shares of the company’s stock worth $473,000 after buying an additional 75 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Medidata Solutions by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 6,080 shares of the company’s stock worth $350,000 after buying an additional 130 shares in the last quarter. Arcadia Investment Management Corp MI boosted its position in shares of Medidata Solutions by 0.6% in the first quarter. Arcadia Investment Management Corp MI now owns 45,895 shares of the company’s stock worth $2,648,000 after buying an additional 275 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Medidata Solutions by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 22,300 shares of the company’s stock worth $1,286,000 after buying an additional 300 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Medidata Solutions by 1.4% in the first quarter. Arizona State Retirement System now owns 28,577 shares of the company’s stock worth $1,649,000 after buying an additional 400 shares in the last quarter.

Shares of Medidata Solutions, Inc. (NASDAQ MDSO) opened at 72.84 on Friday. The firm has a 50-day moving average price of $77.92 and a 200-day moving average price of $66.27. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 117.67 and a beta of 1.79. Medidata Solutions, Inc. has a 52 week low of $46.10 and a 52 week high of $85.92.

Medidata Solutions (NASDAQ:MDSO) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The firm had revenue of $137.41 million for the quarter, compared to analyst estimates of $134.28 million. Medidata Solutions had a return on equity of 11.14% and a net margin of 7.07%. Medidata Solutions’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. On average, equities analysts expect that Medidata Solutions, Inc. will post $1.28 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on MDSO. Morgan Stanley set a $74.00 price target on Medidata Solutions and gave the company a “buy” rating in a research report on Wednesday, June 14th. Needham & Company LLC lifted their price objective on Medidata Solutions from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Jefferies Group LLC upgraded Medidata Solutions from an “underperform” rating to a “hold” rating and dropped their price objective for the stock from $47.00 to $46.00 in a research report on Monday, May 1st. BidaskClub cut Medidata Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Bank of America Corporation initiated coverage on Medidata Solutions in a research report on Tuesday, June 6th. They set a “buy” rating and a $85.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $78.17.

In related news, COO Michael L. Capone sold 5,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $69.46, for a total transaction of $347,300.00. Following the transaction, the chief operating officer now directly owns 171,754 shares of the company’s stock, valued at $11,930,032.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Taylor sold 5,639 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $73.46, for a total value of $414,240.94. Following the transaction, the director now directly owns 54,372 shares in the company, valued at $3,994,167.12. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by insiders.

Medidata Solutions Company Profile

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

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