Simulations Plus, Inc. (SLP) To Go Ex-Dividend on July 29th

Simulations Plus, Inc. (NASDAQ:SLP) declared a quarterly dividend on Tuesday, July 2nd, NASDAQ reports. Stockholders of record on Monday, July 29th will be paid a dividend of 0.06 per share by the technology company on Monday, August 5th. This represents a $0.24 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, July 29th.

Simulations Plus has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Simulations Plus to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 36.4%.

Simulations Plus Stock Performance

Shares of NASDAQ:SLP opened at $39.70 on Friday. Simulations Plus has a 52-week low of $32.69 and a 52-week high of $52.69. The company has a market capitalization of $794.32 million, a P/E ratio of 82.71 and a beta of 0.72. The company has a 50-day simple moving average of $45.24 and a 200 day simple moving average of $43.79.

Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings results on Tuesday, July 2nd. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $18.54 million during the quarter, compared to analysts’ expectations of $17.92 million. Simulations Plus had a return on equity of 7.80% and a net margin of 14.36%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. As a group, equities analysts forecast that Simulations Plus will post 0.5 earnings per share for the current year.

Insider Transactions at Simulations Plus

In other news, Director Daniel L. Weiner sold 3,250 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $48.31, for a total transaction of $157,007.50. Following the transaction, the director now owns 8,759 shares of the company’s stock, valued at approximately $423,147.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Daniel L. Weiner sold 3,250 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $48.31, for a total value of $157,007.50. Following the sale, the director now owns 8,759 shares in the company, valued at approximately $423,147.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Walter S. Woltosz sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $45.95, for a total transaction of $919,000.00. Following the completion of the sale, the director now owns 3,580,857 shares in the company, valued at approximately $164,540,379.15. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock valued at $2,072,198 in the last 90 days. 20.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SLP shares. Craig Hallum restated a “buy” rating and set a $56.00 price objective on shares of Simulations Plus in a research report on Wednesday, July 3rd. Oppenheimer upped 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. JMP Securities started coverage on shares of Simulations Plus in a report on Tuesday, July 16th. They set a “market perform” rating for the company. Finally, William Blair started coverage on shares of Simulations Plus in a report on Friday, June 28th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.50.

About Simulations Plus

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.