Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Medidata Solutions Inc (NASDAQ:MDSO) by 48.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 707,698 shares of the company’s stock after purchasing an additional 232,532 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 1.16% of Medidata Solutions worth $51,881,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. World Asset Management Inc acquired a new stake in shares of Medidata Solutions during the 2nd quarter worth approximately $235,000. Zeke Capital Advisors LLC acquired a new stake in shares of Medidata Solutions during the 2nd quarter worth approximately $239,000. First Republic Investment Management Inc. acquired a new stake in shares of Medidata Solutions during the 2nd quarter worth approximately $242,000. Zions Bancorporation acquired a new stake in shares of Medidata Solutions during the 2nd quarter worth approximately $274,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Medidata Solutions during the 2nd quarter worth approximately $285,000.

NASDAQ MDSO opened at $68.69 on Tuesday. Medidata Solutions Inc has a 12-month low of $59.60 and a 12-month high of $88.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.52 and a quick ratio of 2.52. The firm has a market capitalization of $4.43 billion, a P/E ratio of 80.81, a price-to-earnings-growth ratio of 4.28 and a beta of 1.30.

Medidata Solutions (NASDAQ:MDSO) last posted its quarterly earnings results on Thursday, October 18th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $163.41 million during the quarter, compared to the consensus estimate of $162.09 million. Medidata Solutions had a net margin of 8.43% and a return on equity of 10.70%. Medidata Solutions’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. On average, sell-side analysts expect that Medidata Solutions Inc will post 0.85 earnings per share for the current year.

Several analysts have recently commented on the stock. Royal Bank of Canada set a $86.00 price objective on shares of Medidata Solutions and gave the stock a “buy” rating in a research report on Friday, October 19th. JPMorgan Chase & Co. downgraded shares of Medidata Solutions from an “overweight” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research report on Tuesday, July 24th. ValuEngine downgraded shares of Medidata Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Morgan Stanley set a $84.00 price target on shares of Medidata Solutions and gave the company a “hold” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of Medidata Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $84.64.

In other Medidata Solutions news, EVP Michael I. Otner sold 7,030 shares of Medidata Solutions stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $69.40, for a total transaction of $487,882.00. Following the transaction, the executive vice president now directly owns 62,548 shares of the company’s stock, valued at approximately $4,340,831.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by 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.

Read More: Return on Investment (ROI)

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

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