Oregon Public Employees Retirement Fund raised its holdings in Medidata Solutions Inc (NASDAQ:MDSO) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,750 shares of the company’s stock after buying an additional 370 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Medidata Solutions were worth $1,601,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Medidata Solutions by 127.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 945 shares of the company’s stock valued at $64,000 after purchasing an additional 529 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Medidata Solutions in the 4th quarter valued at $90,000. Man Group plc acquired a new stake in shares of Medidata Solutions in the 3rd quarter valued at $205,000. Quantbot Technologies LP acquired a new stake in shares of Medidata Solutions in the 3rd quarter valued at $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Medidata Solutions by 10.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,889 shares of the company’s stock valued at $262,000 after purchasing an additional 370 shares in the last quarter.

NASDAQ:MDSO traded down $0.01 during midday trading on Monday, hitting $73.17. 5,802 shares of the company were exchanged, compared to its average volume of 448,189. Medidata Solutions Inc has a fifty-two week low of $60.10 and a fifty-two week 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 $4.48 billion, a P/E ratio of 86.09, a P/E/G ratio of 4.23 and a beta of 1.32.

A number of equities research analysts have recently weighed in on MDSO shares. JPMorgan Chase & Co. lowered shares of Medidata Solutions from a “neutral” rating to an “underweight” rating in a report on Thursday, December 13th. Piper Jaffray Companies reduced their price objective on shares of Medidata Solutions from $96.00 to $93.00 in a report on Thursday, October 18th. Leerink Swann started coverage on shares of Medidata Solutions in a report on Wednesday, January 2nd. They issued a “market perform” rating and a $70.00 price objective on the stock. TheStreet lowered shares of Medidata Solutions from a “b” rating to a “c+” rating in a report on Thursday, December 20th. Finally, Royal Bank of Canada set a $86.00 price objective on shares of Medidata Solutions and gave the company a “buy” rating in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Medidata Solutions presently has a consensus rating of “Buy” and a consensus target price of $83.73.

In other Medidata Solutions news, EVP Michael Pray sold 7,000 shares of Medidata Solutions 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 transaction, the executive vice president now directly owns 52,408 shares in the company, valued at $3,826,832.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Taylor sold 2,120 shares of Medidata Solutions stock in a transaction on Monday, January 7th. The shares were sold at an average price of $64.70, for a total transaction of $137,164.00. Following the completion of the transaction, the director now owns 41,916 shares in the company, valued at $2,711,965.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,632 shares of company stock worth $3,126,704 over the last quarter. 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.

See Also: Hedge Funds

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

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