Medidata Solutions Inc (NASDAQ:MDSO) was the recipient of unusually large options trading on Friday. Stock investors bought 846 call options on the company. This is an increase of 1,310% compared to the typical volume of 60 call options.

Several research firms have recently issued reports on MDSO. KeyCorp reaffirmed a “buy” rating and issued a $86.00 target price on shares of Medidata Solutions in a report on Sunday, September 17th. Royal Bank of Canada began coverage on Medidata Solutions in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $82.00 target price for the company. Zacks Investment Research raised Medidata Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $92.00 target price on shares of Medidata Solutions in a report on Friday, October 27th. Finally, Wells Fargo & Co reduced their target price on Medidata Solutions from $83.00 to $80.00 and set a “market perform” rating for the company in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $84.54.

In other news, Director Robert Taylor sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $71.39, for a total value of $356,950.00. Following the completion of the transaction, the director now directly owns 49,372 shares of the company’s stock, valued at $3,524,667.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Rouven Bergmann sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $65.40, for a total value of $130,800.00. Following the completion of the transaction, the chief financial officer now directly owns 91,775 shares of the company’s stock, valued at $6,002,085. The disclosure for this sale can be found here. Insiders have sold a total of 239,010 shares of company stock valued at $16,437,036 over the last three months. Corporate insiders own 5.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MDSO. Canada Pension Plan Investment Board grew its holdings in Medidata Solutions by 2,994.6% during the third quarter. Canada Pension Plan Investment Board now owns 1,151,200 shares of the company’s stock valued at $89,863,000 after purchasing an additional 1,114,000 shares during the period. American Century Companies Inc. grew its holdings in Medidata Solutions by 610.9% during the third quarter. American Century Companies Inc. now owns 1,186,843 shares of the company’s stock valued at $92,645,000 after purchasing an additional 1,019,883 shares during the period. Eagle Asset Management Inc. grew its holdings in Medidata Solutions by 292.9% during the third quarter. Eagle Asset Management Inc. now owns 835,286 shares of the company’s stock valued at $66,371,000 after purchasing an additional 622,694 shares during the period. State Street Corp grew its holdings in Medidata Solutions by 27.7% during the second quarter. State Street Corp now owns 1,828,913 shares of the company’s stock valued at $143,022,000 after purchasing an additional 396,793 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Medidata Solutions by 1,571.0% during the second quarter. Voya Investment Management LLC now owns 376,259 shares of the company’s stock valued at $29,423,000 after purchasing an additional 353,742 shares during the period. 97.52% of the stock is owned by institutional investors and hedge funds.

Medidata Solutions (NASDAQ:MDSO) opened at $66.90 on Monday. Medidata Solutions has a twelve month low of $47.77 and a twelve month high of $85.92. The firm has a market capitalization of $3,910.00, a price-to-earnings ratio of 95.57, a price-to-earnings-growth ratio of 3.47 and a beta of 1.69. The company has a current ratio of 1.29, a quick ratio of 3.37 and a debt-to-equity ratio of 0.61.

Medidata Solutions (NASDAQ:MDSO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Medidata Solutions had a return on equity of 11.54% and a net margin of 7.84%. The business had revenue of $140.08 million during the quarter, compared to analyst estimates of $141.27 million. During the same period in the prior year, the company earned $0.28 earnings per share. Medidata Solutions’s revenue was up 16.7% compared to the same quarter last year. equities research analysts predict that Medidata Solutions will post 0.78 EPS for the current year.

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Medidata Solutions Company Profile

Medidata Solutions Inc (Medidata) is a provider of cloud-based solutions for life sciences. The Company provides cloud-based solutions for clinical research in life sciences, offering platform technology that focuses on the clinical development. The Company’s plan study addresses three areas to ensure optimal study design, grant development and negotiation, and investigator payments.

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