Medidata Solutions (MDSO) Cut to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Medidata Solutions (NASDAQ:MDSO) from a neutral rating to an underweight rating in a research note published on Thursday morning, MarketBeat reports.

A number of other research analysts have also recently issued reports on MDSO. BidaskClub raised Medidata Solutions from a buy rating to a strong-buy rating in a report on Thursday, August 16th. ValuEngine raised Medidata Solutions from a hold rating to a buy rating in a report on Friday, August 24th. Royal Bank of Canada cut their price target on Medidata Solutions to $91.00 and set an outperform rating for the company in a report on Tuesday, September 25th. Zacks Investment Research cut Medidata Solutions from a hold rating to a sell rating in a report on Tuesday, October 16th. Finally, Piper Jaffray Companies cut their price target on Medidata Solutions from $96.00 to $93.00 in a report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $85.10.

Shares of NASDAQ MDSO opened at $71.34 on Thursday. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 74.31, a P/E/G ratio of 4.22 and a beta of 1.30. Medidata Solutions has a 52-week low of $59.60 and a 52-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.

Medidata Solutions (NASDAQ:MDSO) last issued its quarterly earnings data on Thursday, October 18th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. Medidata Solutions had a return on equity of 10.70% and a net margin of 8.43%. The company had revenue of $163.41 million during the quarter, compared to analysts’ expectations of $162.09 million. During the same period last year, the business earned $0.33 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts predict that Medidata Solutions will post 0.85 earnings per share for the current year.

In related news, CFO Rouven Bergmann sold 10,000 shares of Medidata Solutions stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $79.00, for a total value of $790,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Pray sold 7,000 shares of Medidata Solutions stock in a transaction dated Monday, November 26th. The stock was 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 quarter, insiders sold 34,030 shares of company stock valued at $2,539,022. Corporate insiders own 4.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Man Group plc acquired a new stake in Medidata Solutions in the third quarter worth about $205,000. Quantbot Technologies LP acquired a new position in shares of Medidata Solutions during the 3rd quarter worth about $229,000. First Republic Investment Management Inc. acquired a new position in shares of Medidata Solutions during the 2nd quarter worth about $242,000. Gideon Capital Advisors Inc. acquired a new position in shares of Medidata Solutions during the 3rd quarter worth about $263,000. Finally, Zions Bancorporation acquired a new position in shares of Medidata Solutions during the 2nd quarter worth about $274,000.

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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Analyst Recommendations for Medidata Solutions (NASDAQ:MDSO)

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