Medpace Holdings Inc (NASDAQ:MEDP) CEO August J. Troendle sold 29,019 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $110.43, for a total value of $3,204,568.17. Following the completion of the transaction, the chief executive officer now owns 616,643 shares of the company’s stock, valued at approximately $68,095,886.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MEDP opened at $119.35 on Friday. Medpace Holdings Inc has a fifty-two week low of $58.72 and a fifty-two week high of $144.49. The business has a 50-day moving average of $96.91 and a 200-day moving average of $88.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.89. The company has a market capitalization of $4.23 billion, a PE ratio of 42.47 and a beta of 1.22.

Medpace (NASDAQ:MEDP) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.28. Medpace had a return on equity of 16.05% and a net margin of 12.11%. The company had revenue of $205.00 million during the quarter, compared to the consensus estimate of $181.17 million. During the same period last year, the business earned $0.81 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities research analysts expect that Medpace Holdings Inc will post 2.36 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC raised its stake in shares of Medpace by 3.1% during the 4th quarter. Guggenheim Capital LLC now owns 4,268 shares of the company’s stock worth $359,000 after purchasing an additional 128 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Medpace by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,032 shares of the company’s stock worth $1,026,000 after purchasing an additional 150 shares in the last quarter. Sheets Smith Wealth Management raised its stake in shares of Medpace by 4.7% during the 1st quarter. Sheets Smith Wealth Management now owns 3,707 shares of the company’s stock worth $272,000 after purchasing an additional 167 shares in the last quarter. Optimum Investment Advisors raised its stake in shares of Medpace by 3.3% in the 1st quarter. Optimum Investment Advisors now owns 6,200 shares of the company’s stock valued at $455,000 after acquiring an additional 200 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Medpace by 12.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,185 shares of the company’s stock valued at $160,000 after acquiring an additional 235 shares in the last quarter. 79.83% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the company. Robert W. Baird raised Medpace from an “underperform” rating to a “neutral” rating and set a $83.00 price objective for the company in a research note on Monday, June 8th. BidaskClub raised Medpace from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Wolfe Research downgraded Medpace from an “outperform” rating to a “peer perform” rating and set a $91.00 price objective for the company. in a research note on Wednesday, May 13th. Zacks Investment Research raised Medpace from a “hold” rating to a “strong-buy” rating and set a $137.00 price objective for the company in a research note on Saturday. Finally, Credit Suisse Group increased their price objective on Medpace from $92.00 to $114.00 and gave the stock an “outperform” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Medpace presently has an average rating of “Buy” and an average target price of $103.29.

About Medpace

Medpace Holdings, Inc, a clinical contract research organization, provides scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industries worldwide. The company offers a suite of services supporting the clinical development process from Phase I to Phase IV in a range of therapeutic areas.

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