Simulations Plus, Inc. (SLP) Given Consensus Recommendation of “Buy” by Analysts

Shares of Simulations Plus, Inc. (NASDAQ:SLP) have received an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.

Brokers have set a 1-year consensus price target of $25.00 for the company and are anticipating that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Simulations Plus an industry rank of 70 out of 256 based on the ratings given to its competitors.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Simulations Plus from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Saturday, May 11th. BidaskClub upgraded shares of Simulations Plus from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.

SLP traded up $0.21 during midday trading on Wednesday, reaching $25.70. 353 shares of the company’s stock were exchanged, compared to its average volume of 49,181. The stock has a market cap of $432.27 million, a price-to-earnings ratio of 51.40 and a beta of -0.47. Simulations Plus has a one year low of $16.70 and a one year high of $25.50.

Simulations Plus (NASDAQ:SLP) last posted its earnings results on Tuesday, April 9th. The technology company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $8.47 million during the quarter, compared to the consensus estimate of $8.10 million. Simulations Plus had a return on equity of 22.87% and a net margin of 23.61%. On average, analysts expect that Simulations Plus will post 0.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th were given a $0.06 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.24 annualized dividend and a yield of 0.93%. Simulations Plus’s payout ratio is 48.00%.

In other Simulations Plus news, Director David L. Ralph sold 3,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $22.74, for a total value of $68,220.00. Following the completion of the transaction, the director now directly owns 18,006 shares of the company’s stock, valued at $409,456.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $22.11, for a total transaction of $409,035.00. Following the completion of the transaction, the chairman now owns 5,196,039 shares of the company’s stock, valued at approximately $114,884,422.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,500 shares of company stock valued at $1,241,120. Corporate insiders own 31.57% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SLP. Oxford Asset Management LLP raised its position in shares of Simulations Plus by 28.6% during the first quarter. Oxford Asset Management LLP now owns 18,196 shares of the technology company’s stock worth $384,000 after acquiring an additional 4,050 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Simulations Plus by 12.0% during the first quarter. Geode Capital Management LLC now owns 143,551 shares of the technology company’s stock worth $3,030,000 after acquiring an additional 15,370 shares during the last quarter. Granite Investment Partners LLC raised its position in shares of Simulations Plus by 87.7% during the first quarter. Granite Investment Partners LLC now owns 68,251 shares of the technology company’s stock worth $1,440,000 after acquiring an additional 31,897 shares during the last quarter. Northern Trust Corp raised its position in shares of Simulations Plus by 1.3% during the first quarter. Northern Trust Corp now owns 165,403 shares of the technology company’s stock worth $3,491,000 after acquiring an additional 2,062 shares during the last quarter. Finally, William Blair Investment Management LLC raised 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. Hedge funds and other institutional investors own 40.60% of the company’s stock.

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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