Shares of Simulations Plus, Inc. (NASDAQ:SLP) have been given an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.
Analysts have set a one year consensus target price of $37.00 for the company and are expecting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given Simulations Plus an industry rank of 81 out of 256 based on the ratings given to its competitors.
A number of equities analysts have recently issued reports on SLP shares. BidaskClub upgraded shares of Workhorse Group from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday, July 19th.
In other news, Director Walter S. Woltosz sold 18,500 shares of Simulations Plus stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $25.67, for a total value of $474,895.00. Following the sale, the director now owns 5,178,083 shares in the company, valued at $132,921,390.61. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.57% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors Inc. raised its stake in 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 purchasing an additional 46,310 shares during the period. William Blair Investment Management LLC raised its stake in shares of Simulations Plus by 8.8% in the 1st quarter. William Blair Investment Management LLC now owns 485,040 shares of the technology company’s stock valued at $10,239,000 after acquiring an additional 39,114 shares during the period. Geode Capital Management LLC raised its stake in shares of Simulations Plus by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 128,181 shares of the technology company’s stock valued at $2,550,000 after acquiring an additional 7,794 shares during the period. Crawford Investment Counsel Inc. raised its stake in shares of Simulations Plus by 6.0% in the 1st quarter. Crawford Investment Counsel Inc. now owns 355,057 shares of the technology company’s stock valued at $7,495,000 after acquiring an additional 20,009 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in shares of Simulations Plus by 16.5% in the 1st quarter. Wedge Capital Management L L P NC now owns 51,311 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 7,265 shares during the period. Hedge funds and other institutional investors own 41.26% of the company’s stock.
Simulations Plus stock traded up $1.58 during mid-day trading on Monday, hitting $39.93. The stock had a trading volume of 282,000 shares, compared to its average volume of 73,599. The stock has a market cap of $672.33 million, a price-to-earnings ratio of 79.86 and a beta of -0.39. The company has a 50 day moving average of $30.65. Simulations Plus has a one year low of $17.18 and a one year high of $40.50.
Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings results on Wednesday, July 10th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $9.94 million for the quarter, compared to analysts’ expectations of $9.85 million. Simulations Plus had a net margin of 24.09% and a return on equity of 23.48%. On average, equities analysts anticipate that Simulations Plus will post 0.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, July 25th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.24 annualized dividend and a yield of 0.60%. Simulations Plus’s dividend payout ratio is presently 48.00%.
About Simulations Plus
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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