Analysts Set Simulations Plus, Inc. (NASDAQ:SLP) PT at $56.00

Simulations Plus, Inc. (NASDAQ:SLP) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $56.00.

A number of equities analysts recently commented on SLP shares. William Blair reiterated an “outperform” rating on shares of Simulations Plus in a research report on Thursday, September 12th. JMP Securities began coverage on Simulations Plus in a report on Tuesday, July 16th. They set a “market perform” rating for the company. Craig Hallum reaffirmed a “buy” rating and issued a $56.00 price target on shares of Simulations Plus in a research note on Wednesday, July 3rd. KeyCorp assumed coverage on Simulations Plus in a research report on Monday, July 29th. They issued an “overweight” rating and a $47.00 price objective for the company. Finally, Oppenheimer raised their price target on shares of Simulations Plus from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th.

Simulations Plus Stock Down 3.2 %

NASDAQ SLP opened at $31.23 on Tuesday. The stock’s 50-day simple moving average is $36.83 and its two-hundred day simple moving average is $42.60. Simulations Plus has a twelve month low of $30.95 and a twelve month high of $51.22. The company has a market capitalization of $624.85 million, a price-to-earnings ratio of 65.06 and a beta of 0.70.

Simulations Plus (NASDAQ:SLP) last released its earnings results on Tuesday, July 2nd. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $18.54 million during the quarter, compared to the consensus estimate of $17.92 million. Simulations Plus had a return on equity of 7.80% and a net margin of 14.36%. Simulations Plus’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. On average, equities analysts expect that Simulations Plus will post 0.51 earnings per share for the current fiscal year.

Simulations Plus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 29th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date was Monday, July 29th. Simulations Plus’s dividend payout ratio (DPR) is currently 50.00%.

Insider Transactions at Simulations Plus

In related news, Director Walter S. Woltosz sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $35.18, for a total transaction of $703,600.00. Following the transaction, the director now owns 3,501,592 shares in the company, valued at $123,186,006.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Simulations Plus news, Director Daniel L. Weiner sold 750 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $49.32, for a total value of $36,990.00. Following the completion of the transaction, the director now owns 7,009 shares in the company, valued at $345,683.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Walter S. Woltosz sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $35.18, for a total transaction of $703,600.00. Following the sale, the director now owns 3,501,592 shares in the company, valued at approximately $123,186,006.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,750 shares of company stock valued at $2,467,390. Company insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. EntryPoint Capital LLC bought a new stake in Simulations Plus in the first quarter worth $57,000. Allspring Global Investments Holdings LLC purchased a new stake in Simulations Plus during the 1st quarter valued at about $70,000. Connecticut Wealth Management LLC purchased a new stake in Simulations Plus during the 1st quarter valued at about $204,000. Los Angeles Capital Management LLC bought a new stake in Simulations Plus during the 2nd quarter valued at about $206,000. Finally, Janney Montgomery Scott LLC purchased a new position in Simulations Plus in the first quarter worth about $208,000. 78.08% of the stock is owned by hedge funds and other institutional investors.

Simulations Plus Company Profile

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.