Medidata Solutions (NASDAQ:MDSO) issued its quarterly earnings results on Tuesday. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08, MarketWatch Earnings reports. Medidata Solutions had a return on equity of 10.70% and a net margin of 8.43%. The firm had revenue of $167.19 million during the quarter, compared to analysts’ expectations of $168.08 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Medidata Solutions updated its FY 2019 guidance to $1.71-1.82 EPS.

Shares of NASDAQ:MDSO opened at $74.23 on Tuesday. 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 $4.48 billion, a price-to-earnings ratio of 87.33, a P/E/G ratio of 4.23 and a beta of 1.32. Medidata Solutions has a 52-week low of $60.10 and a 52-week high of $88.87.

Several analysts recently commented on MDSO shares. BidaskClub cut Medidata Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Piper Jaffray Companies dropped their price target on Medidata Solutions from $96.00 to $93.00 in a research report on Thursday, October 18th. Zacks Investment Research cut Medidata Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, December 19th. Finally, ValuEngine upgraded Medidata Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $83.73.

In other Medidata Solutions news, CFO Rouven Bergmann sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $75.00, for a total value of $750,000.00. Following the completion of the sale, the chief financial officer now directly owns 88,862 shares in the company, valued at approximately $6,664,650. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Pray sold 7,000 shares of the company’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $73.02, for a total value of $511,140.00. Following the completion of the sale, the executive vice president now owns 52,408 shares of the company’s stock, valued at $3,826,832.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,632 shares of company stock valued at $3,126,704. 4.70% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of MDSO. BlackRock Inc. lifted 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 during the last quarter. Vanguard Group Inc. lifted 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 during the last quarter. Vanguard Group Inc lifted 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 during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Medidata Solutions by 5.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,429,627 shares of the company’s stock valued at $178,116,000 after purchasing an additional 135,078 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in shares of Medidata Solutions by 7.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,626,688 shares of the company’s stock valued at $119,252,000 after purchasing an additional 115,641 shares during the last quarter.

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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.

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Earnings History for Medidata Solutions (NASDAQ:MDSO)

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