Medidata Solutions Inc (NASDAQ:MDSO) Stock Position Trimmed by Tower Research Capital LLC TRC

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Tower Research Capital LLC TRC cut its position in Medidata Solutions Inc (NASDAQ:MDSO) by 71.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 487 shares of the company’s stock after selling 1,210 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Medidata Solutions were worth $45,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Flagship Harbor Advisors LLC increased its stake in Medidata Solutions by 58.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 475 shares of the company’s stock valued at $42,000 after buying an additional 175 shares during the period. FTB Advisors Inc. increased its stake in Medidata Solutions by 212.4% during the 2nd quarter. FTB Advisors Inc. now owns 934 shares of the company’s stock valued at $84,000 after buying an additional 635 shares during the period. Meeder Asset Management Inc. acquired a new position in Medidata Solutions during the 2nd quarter valued at about $185,000. CIBC Asset Management Inc acquired a new position in Medidata Solutions during the 3rd quarter valued at about $201,000. Finally, Qube Research & Technologies Ltd acquired a new position in Medidata Solutions during the 2nd quarter valued at about $213,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Several equities analysts have commented on MDSO shares. ValuEngine cut shares of Medidata Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Medidata Solutions from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Wednesday, October 23rd. Finally, BidaskClub raised shares of Medidata Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.35.

Shares of MDSO opened at $92.22 on Tuesday. The firm’s 50 day moving average is $92.15 and its 200-day moving average is $91.51. The stock has a market capitalization of $5.76 billion, a P/E ratio of 96.06, a P/E/G ratio of 6.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.56 and a quick ratio of 2.56. Medidata Solutions Inc has a 12-month low of $60.10 and a 12-month high of $98.60.

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 and commercialization 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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