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MDSO $92.22

MDSO target price
92.22
0
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Medidata Solutions
Type
Public
Traded as
  • NASDAQ: MDSO
  • S&P 400 component
Industry Clinical development technology
Computer software
Software as a service
Founded New York City, USA (1999)
Founder Glen de Vries
Edward Ikeguchi, MD
Tarek Sherif
Headquarters 350 Hudson Street, New York, NY, United States
Area served
Worldwide
Key people
Tarek Sherif (CEO)
Tarek Sherif (Chairman)
Glen de Vries (President)
Products Medidata Insights
Medidata Designer
Medidata Grants Manager
Medidata CRO Contractor
Medidata CTMS
Medidata Balance
Medidata Rave
Medidata Patient Cloud
Medidata TSDV
Medidata SQM
Medidata Rave Safety Gateway
Medidata Coder
iMedidata
Revenue Increase $392.5 million (2015)
Number of employees
1,500+ (December 31, 2015)
Website mdsol.com

Medidata Solutions is an American-based company developing SaaS solutions for clinical trials. Specific technology areas include protocol development, clinical site collaboration and management, randomization and trial supply management, capturing patient data through web forms, mobile health (mHealth) devices, laboratory reports and imaging systems, quality monitor management, safety event capture, and business analytics. Headquartered in New York, New York, Medidata has locations in the United States, the UK, Japan, China, South Korea and Singapore.

Medidata’s customers include pharmaceutical, biotechnology, medical device and diagnostic companies, academic and government institutions, CROs and other life sciences organizations around the world that develop and bring medical therapies and products to market.


The company was founded in June 1999. It acquired Fast Track Systems in March 2008. It made its initial public offering (IPO) on NASDAQ in June 2009.

It acquired Clinical Force in July 2011, acquired Patient Profiles, LLC in October 2014, and acquired Intelemage in April 2016.

On September 16, 2014, a Medidata accounting employee received an e-mail message that appeared to be from a company executive requesting a transfer of nearly $4.8 million to a bank account in China in regard to an acquisition. After receiving approval from two supervisors who also received similar e-mails, the money was transferred. When the transaction request was discovered to have been a fraud, Medidata filed an insurance claim, which was denied by its insurer, Federal Insurance Co., a subsidiary of Chubb Ltd. At issue was Federal Insurance's claim that its policy only covered losses resulting from fraudulent entry or hacking into a computer system, and not voluntary transfers perpetuated by manipulation" while Medidata asserted that "the policy's plain language defines data as 'any information' in Medidata's computer system". On March 10, 2016, a New York federal judge refused both parties' requests for summary judgment saying that there was not enough evidence to make a ruling. The fraudsters were never identified, and the transferred funds were never recovered. Neither side has filed any additional claims.

On March 15, 2017, the company's Japan subsidiary, Medidata Solutions K.K., was found to have wrongfully dismissed its Tokyo IT Director in 2015 after the company had asked him to fly from Tokyo to New York to receive the notice, which occurred weeks after he had filed two ethics reports on his boss for a nepotism hire and failure to address a security hole. The Tokyo District Court ruled that the company, which had sued the employee after he refused to voluntarily resign and was unilaterally dismissed, had not satisfied any of the four prerequisites from the Doctrine of Abusive Dismissal, which are necessary for a restructuring dismissal in Japan. As a result of the judgment, all back salary and bonuses in excess of 30 million yen were ordered to be paid, and the company has a legal obligation to continue to employee the man whose status as an employee was affirmed by the court.

On January 26, 2017, Medidata filed a lawsuit in New York federal court against five former VP level employees and Veeva Systems Inc. for breach of contract related to noncompete contract clauses and theft of trade secrets and confidential information. The complaint asserted that Veeva has been deliberately targeting Medidata employees, naming 11 junior level employees who had been hired by Veeva over the past two years as well as the unsuccessful solicitation of at least five additional senior level Medidata employees. The company is seeking injunctive relief and damages to be determined at trial.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2019 2019-10-28 0.00 0.00
Q2 2019 2019-07-23 0.48 0.13
Q1 2019 2019-04-30 0.45 0.18
Q4 2018 2019-02-12 0.45 0.23
Q3 2018 2018-10-18 0.42 0.17

Ratings

2016-07-11 Initiated Coverage Needham & Company LLC Buy $55.00
2016-07-07 Reiterated Rating KeyCorp Buy
2016-06-10 Reiterated Rating Morgan Stanley Buy
2016-05-22 Reiterated Rating KeyBanc Buy $55.00
2016-05-22 Reiterated Rating KeyCorp Buy $55.00
2016-04-26 Initiated Coverage Leerink Swann Market Perform $47.00
2016-04-26 Downgrade Jefferies Group Hold to Underperform $35.00 to $36.00
2016-04-25 Reiterated Rating Leerink Partner Market Perform
2016-04-25 Reiterated Rating Leerink Swann Market Perform
2016-04-22 Boost Price Target Citigroup Inc. Buy $40.00 to $55.00
2016-04-22 Reiterated Rating Needham & Company LLC Buy $45.00 to $57.00
2016-04-22 Reiterated Rating Topeka Capital Markets Buy $44.00 to $51.00
2016-04-05 Reiterated Rating Topeka Capital Markets Buy $42.00 to $44.00
2016-02-11 Reiterated Rating Jefferies Hold $42.00 to $35.00
2016-02-11 Reiterated Rating Jefferies Group Hold $42.00 to $35.00
2016-02-11 Lower Price Target Deutsche Bank Buy $53.00 to $41.00
2016-02-11 Lower Price Target Citigroup Inc. Buy $40.00
2016-02-11 Reiterated Rating Needham & Company LLC Buy $65.00 to $45.00
2016-02-11 Reiterated Rating Topeka Capital Markets Buy $50.00 to $42.00
2016-02-11 Lower Price Target Deutsche Bank AG Buy $53.00 to $41.00
2015-12-08 Reiterated Rating Piper Jaffray Buy $61.00
2015-12-08 Reiterated Rating Piper Jaffray Cos. Buy $61.00
2015-10-28 Lower Price Target Stifel Nicolaus Buy $65.00 to $60.00
2015-10-28 Upgrade Topeka Capital Markets Hold to Buy $53.00 to $50.00
2015-10-27 Reiterated Rating Piper Jaffray Buy
2015-09-25 Lower Price Target Topeka Capital Markets Hold $57.00 to $53.00
2015-09-09 Initiated Coverage KeyBanc Overweight $60.00
2015-07-22 Lower Price Target Piper Jaffray Overweight $67.00 to $63.00
2015-04-28 Downgrade Jefferies Group Buy to Hold $52.00 to $55.00
2015-04-27 Boost Price Target SunTrust Neutral $45.00 to $58.00
2015-04-27 Boost Price Target SunTrust Banks Inc. Neutral $45.00 to $58.00
2015-04-24 Boost Price Target Citigroup Inc. Buy $52.00 to $67.00
2015-04-24 Boost Price Target Needham & Company LLC Buy $50.00 to $65.00
2015-04-24 Downgrade Topeka Capital Markets Buy to Hold $48.00 to $55.00
2015-03-24 Boost Price Target Stifel Nicolaus Buy $55.00 to $60.00
2015-02-05 Lower Price Target Topeka Capital Markets Buy $52.00 to $48.00
2015-01-07 Downgrade SunTrust Buy to Neutral $48.00 to $50.00
2014-12-19 Boost Price Target Topeka Capital Markets Buy $46.00 to $52.00
2014-10-29 Reiterated Rating JPMorgan Chase & Co. Overweight $60.00 to $50.00
2014-10-29 Reiterated Rating Citigroup Inc. Buy $53.00 to $52.00
2014-10-29 Reiterated Rating Credit Suisse Outperform $54.00 to $49.00
2014-10-29 Reiterated Rating Credit Suisse Group AG Outperform $54.00 to $49.00
2014-09-17 Initiated Coverage JPMorgan Chase & Co. Overweight $60.00
2014-09-04 Initiated Coverage Morgan Stanley Overweight $56.00
2014-07-31 Boost Price Target Stifel Nicolaus $47.00 to $55.00
2014-07-30 Reiterated Rating Topeka Capital Markets Buy $49.00 to $50.00
2014-07-30 Boost Price Target Jefferies Group Buy $50.00 to $53.00
2014-06-18 Boost Price Target Topeka Capital Markets $49.00
2014-06-17 Initiated Coverage Stifel Nicolaus Average to Buy $47.00
2014-06-13 Initiated Coverage Topeka Capital Markets Buy $48.00
2014-04-28 Upgrade Ned Davis Research Sell to Neutral
2014-04-23 Reiterated Rating SunTrust Buy $50.00
2014-04-23 Reiterated Rating Citigroup Inc. Buy $53.00
2014-04-23 Reiterated Rating Deutsche Bank Buy $67.00 to $57.00
2014-04-23 Reiterated Rating Jefferies Group Buy $72.50 to $50.00
2014-04-23 Lower Price Target Needham & Company LLC Buy $67.00 to $50.00
2014-04-23 Upgrade B. Riley Neutral to Buy $53.00 to $49.00
2014-03-25 Initiated Coverage SunTrust Buy $72.00
2014-02-18 Initiated Coverage Citigroup Inc. Hold to Buy
2013-11-26 Boost Price Target B. Riley Neutral $160.00
2013-11-20 Initiated Coverage Deutsche Bank Neutral to Buy $81.00 to $133.00
2013-10-25 Boost Price Target Needham & Company LLC Buy $92.00 to $135.00
2013-10-25 Reiterated Rating Jefferies Group Buy $105.00 to $145.00
2013-10-22 Boost Price Target B. Riley Neutral $75.00 to $93.00
2011-06-28 Reiterated Auriga Buy $32 to $33
2011-03-16 Reiterated Auriga U.S.A Buy $28 to $32
2010-12-17 Initiated Auriga U.S.A Buy $28
2010-11-15 Downgrade Dougherty & Company Buy to Neutral
2009-10-26 Upgrade Citigroup Hold to Buy $21
2009-09-21 Initiated Dougherty & Company Buy $20
2009-08-04 Initiated Needham Buy $22
2009-08-04 Initiated Credit Suisse Outperform
2016-07-11 Initiated Coverage Needham & Company LLC Buy $55.00
2016-07-07 Reiterated Rating KeyCorp Buy
2016-06-10 Reiterated Rating Morgan Stanley Buy
2016-05-22 Reiterated Rating KeyBanc Buy $55.00
2016-05-22 Reiterated Rating KeyCorp Buy $55.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
de Vries Glen Michael President 1.35%  (728310) MDSO /
Sherif Tarek Chairman & CEO 1.24%  (670284) MDSO /
Capone Michael L Chief Operating Officer 0.29%  (155446) ADP / MDSO /
Douglas Cory Chief Financial Officer 0.27%  (144124) MDSO /
Kurtz Neil M 0.21%  (113337) MDSO / TMH /
Bergmann Rouven Chief Financial Officer 0.17%  (90744) MDSO /
Otner Michael I. EVP-General Counsel 0.14%  (74165) MDSO /
Mateo Alan EVP, Field Operations 0.13%  (68055) MDSO / VEEV /
Pray Michael EVP, GM Global Sales 0.12%  (63895) MDSO / TNGO /
Pinto Michael Christopher EVP, GM of Global Sales 0.11%  (61591) MDSO /
McCulloch George 0.11%  (57444) MDSO /
Dominguez Carlos 0.11%  (56954) HIG / MDSO /
Spielman Bryan Charles EVP, Strategy & Corp. Dvpmt. 0.10%  (56334) MDSO /
TAYLOR ROBERT 0.09%  (49372) MDSO / ZIGO /
SHAPIRO LEE 0.07%  (36265) HWAY / MDRX / MDSO /
Schloss Eileen EVP, HUMAN RESOURCES 0.05%  (29177) MDSO /
Hirschfeld Steven Isaac EVP- Customer Operations 0.05%  (28756) MDSO /
Larsen Jill EVP, Human Resources 0.05%  (27596) MDSO /
Shannon Daniel Patrick SVP, Professional Services 0.04%  (23822) MDSO /
Weger Mary EVP, Human Resources 0.03%  (18630) AEGR / MDSO /
Colistra David SVP, Chief Accounting Officer 0.02%  (10462) MDSO /
Wilhite Steven EVP, CHIEF MARKETING OFFICER 0.01%  (3738) MDSO /