Cwm LLC Boosts Stock Position in Medpace Holdings, Inc. (NASDAQ:MEDP)

Cwm LLC boosted its holdings in shares of Medpace Holdings, Inc. (NASDAQ:MEDPGet Rating) by 63.0% in the third quarter, Holdings reports. The fund owned 176 shares of the company’s stock after acquiring an additional 68 shares during the quarter. Cwm LLC’s holdings in Medpace were worth $28,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MEDP. Ronald Blue Trust Inc. lifted its holdings in shares of Medpace by 59.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 187 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in shares of Medpace during the 3rd quarter worth $32,000. Point72 Hong Kong Ltd purchased a new stake in shares of Medpace during the 2nd quarter worth $42,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Medpace during the 3rd quarter worth $46,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of Medpace during the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 82.49% of the company’s stock.

Insider Activity

In other news, General Counsel Stephen P. Ewald sold 6,500 shares of the stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $220.53, for a total value of $1,433,445.00. Following the transaction, the general counsel now directly owns 14,854 shares of the company’s stock, valued at $3,275,752.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.60% of the company’s stock.

Medpace Price Performance

Shares of NASDAQ:MEDP opened at $229.14 on Friday. The business’s 50-day moving average is $215.00 and its 200 day moving average is $184.48. Medpace Holdings, Inc. has a 1 year low of $126.94 and a 1 year high of $235.72. The firm has a market capitalization of $7.13 billion, a P/E ratio of 35.14 and a beta of 1.42.

Medpace (NASDAQ:MEDPGet Rating) last announced its earnings results on Monday, October 24th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.58. The company had revenue of $383.74 million for the quarter, compared to analyst estimates of $357.17 million. Medpace had a return on equity of 41.39% and a net margin of 16.50%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. On average, analysts expect that Medpace Holdings, Inc. will post 6.97 EPS for the current year.

Analysts Set New Price Targets

MEDP has been the subject of a number of analyst reports. cut Medpace from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. UBS Group upgraded Medpace from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $142.00 to $238.00 in a research note on Thursday, October 27th. Finally, Robert W. Baird upped their target price on Medpace from $217.00 to $226.00 in a research report on Friday, January 13th.

Medpace Company Profile

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Medpace Holdings, Inc provides clinical research-based drug and medical device development services in North America, Europe, and Asia. It offers a suite of services supporting the clinical development process from Phase I to Phase IV in various therapeutic areas. The company also provides clinical development services to the pharmaceutical, biotechnology, and medical device industries; and development plan design, coordinated central laboratory, project management, regulatory affairs, clinical monitoring, data management and analysis, pharmacovigilance new drug application submissions, and post-marketing clinical support services.

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Institutional Ownership by Quarter for Medpace (NASDAQ:MEDP)

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