Simulations Plus (NASDAQ:SLP) Trading Up 5.1%

Shares of Simulations Plus, Inc. (NASDAQ:SLP) were up 5.1% during mid-day trading on Thursday . The stock traded as high as $40.80 and last traded at $39.74, approximately 221,212 shares changed hands during trading. An increase of 159% from the average daily volume of 85,324 shares. The stock had previously closed at $37.81.

Several equities research analysts have recently issued reports on SLP shares. BidaskClub upgraded Simulations Plus from a “buy” rating to a “strong-buy” rating in a report on Monday, July 15th. ValuEngine cut Simulations Plus from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research upgraded Simulations Plus from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Friday, July 19th.

The stock has a market cap of $662.87 million, a PE ratio of 76.08 and a beta of -0.35. The business’s fifty day simple moving average is $33.09.

Simulations Plus (NASDAQ:SLP) last issued its earnings results on Wednesday, July 10th. The technology company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Simulations Plus had a return on equity of 23.48% and a net margin of 24.09%. The firm had revenue of $9.94 million for the quarter, compared to analysts’ expectations of $9.85 million. On average, research analysts predict that Simulations Plus, Inc. will post 0.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Thursday, July 25th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Wednesday, July 24th. Simulations Plus’s payout ratio is currently 48.00%.

In other Simulations Plus news, Director Walter S. Woltosz sold 18,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $25.67, for a total value of $474,895.00. Following the transaction, the director now directly owns 5,178,083 shares of the company’s stock, valued at $132,921,390.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Kenneth Paglia sold 690 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $37.86, for a total value of $26,123.40. Following the completion of the transaction, the director now directly owns 2,112 shares in the company, valued at $79,960.32. The disclosure for this sale can be found here. 31.57% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in SLP. Dimensional Fund Advisors LP increased its position in shares of Simulations Plus by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 571,865 shares of the technology company’s stock worth $11,380,000 after acquiring an additional 25,871 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Simulations Plus by 8.8% during the first quarter. William Blair Investment Management LLC now owns 485,040 shares of the technology company’s stock worth $10,239,000 after acquiring an additional 39,114 shares during the last quarter. Crawford Investment Counsel Inc. increased its position in shares of Simulations Plus by 6.0% during the first quarter. Crawford Investment Counsel Inc. now owns 355,057 shares of the technology company’s stock worth $7,495,000 after acquiring an additional 20,009 shares during the last quarter. Wasatch Advisors Inc. increased its position in shares of Simulations Plus by 15.6% during the first quarter. Wasatch Advisors Inc. now owns 343,122 shares of the technology company’s stock worth $7,243,000 after acquiring an additional 46,310 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of Simulations Plus by 206.5% during the first quarter. Royce & Associates LP now owns 155,408 shares of the technology company’s stock worth $3,281,000 after acquiring an additional 104,696 shares during the last quarter. 41.26% of the stock is currently owned by institutional investors.

About Simulations Plus (NASDAQ:SLP)

Simulations Plus, Inc develops drug discovery and development software for mechanistic modeling and simulation, and machine-learning-based prediction of properties of molecules from their structure worldwide. The company offers GastroPlus, which simulates the absorption, pharmacokinetics (PK), pharmacodynamics, and drug-drug interactions of compounds administered to humans and animals; DDDPlus that simulates in vitro laboratory experiments that measure the rate of dissolution of the drug and additives in a dosage form; and MembranePlus, which simulates laboratory experiments.

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