Retirement Systems of Alabama lowered its stake in Medidata Solutions Inc (NASDAQ:MDSO) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 109,068 shares of the company’s stock after selling 2,550 shares during the quarter. Retirement Systems of Alabama’s holdings in Medidata Solutions were worth $7,988,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Medidata Solutions by 25.2% during the third quarter. LPL Financial LLC now owns 15,840 shares of the company’s stock valued at $1,161,000 after buying an additional 3,185 shares during the period. Legal & General Group Plc increased its stake in shares of Medidata Solutions by 2.0% during the third quarter. Legal & General Group Plc now owns 57,587 shares of the company’s stock valued at $4,221,000 after buying an additional 1,129 shares during the period. Virginia Retirement Systems ET AL purchased a new position in shares of Medidata Solutions during the fourth quarter valued at approximately $452,000. BlackRock Inc. increased its stake in shares of Medidata Solutions by 2.9% during the fourth quarter. BlackRock Inc. now owns 6,995,601 shares of the company’s stock valued at $471,644,000 after buying an additional 195,763 shares during the period. Finally, American International Group Inc. increased its stake in shares of Medidata Solutions by 1.9% during the fourth quarter. American International Group Inc. now owns 161,630 shares of the company’s stock valued at $10,897,000 after buying an additional 3,091 shares during the period.

Several equities analysts have recently issued reports on MDSO shares. BidaskClub cut Medidata Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Zacks Investment Research cut Medidata Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. TheStreet raised Medidata Solutions from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. Finally, William Blair started coverage on Medidata Solutions in a research note on Monday, April 15th. They set an “outperform” rating and a $74.93 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Medidata Solutions has an average rating of “Buy” and a consensus price target of $83.61.

In related news, CFO Rouven Bergmann sold 12,512 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $75.00, for a total value of $938,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Patrick Shannon sold 19,725 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $75.17, for a total value of $1,482,728.25. Following the completion of the sale, the executive vice president now directly owns 70,497 shares in the company, valued at $5,299,259.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,237 shares of company stock worth $3,568,628. 4.70% of the stock is owned by insiders.

Shares of MDSO stock opened at $90.02 on Tuesday. The firm has a market capitalization of $5.61 billion, a P/E ratio of 93.77, a PEG ratio of 5.35 and a beta of 1.35. Medidata Solutions Inc has a twelve month low of $60.10 and a twelve month high of $91.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.71 and a current ratio of 2.71.

Medidata Solutions (NASDAQ:MDSO) last issued its quarterly earnings results on Tuesday, February 12th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The company had revenue of $167.19 million for the quarter, compared to analysts’ expectations of $168.08 million. Medidata Solutions had a return on equity of 10.03% and a net margin of 8.17%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. As a group, equities analysts anticipate that Medidata Solutions Inc will post 0.8 earnings per share for the current fiscal year.

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

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