Kopion Asset Management LLC Purchases 28,980 Shares of Simulations Plus, Inc. $SLP

Key Points

• Kopion Asset Management LLC increased its holdings in Simulations Plus, Inc. by 22.7% in Q2, acquiring an additional 28,980 shares, making it its 19th largest holding worth approximately $2.73 million.
• Simulations Plus reported an EPS of $0.45 for the latest quarter, exceeding analyst expectations, although its revenue of $20.36 million fell short of estimates.
• Brokerages have mixed views on Simulations Plus, with an average target price of $26.50 and a consensus rating of "Moderate Buy", reflecting the mixed sentiment from several analysts.

Kopion Asset Management LLC lifted its holdings in shares of Simulations Plus, Inc. (NASDAQ:SLP - Free Report) by 22.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 156,401 shares of the technology company's stock after acquiring an additional 28,980 shares during the period. Simulations Plus makes up approximately 1.8% of Kopion Asset Management LLC's investment portfolio, making the stock its 19th largest holding. Kopion Asset Management LLC owned 0.78% of Simulations Plus worth $2,729,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp grew its stake in shares of Simulations Plus by 33.8% during the first quarter. Fifth Third Bancorp now owns 1,485 shares of the technology company's stock worth $36,000 after acquiring an additional 375 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Simulations Plus by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,103 shares of the technology company's stock worth $254,000 after acquiring an additional 380 shares during the last quarter. US Bancorp DE grew its stake in shares of Simulations Plus by 15.6% during the first quarter. US Bancorp DE now owns 6,576 shares of the technology company's stock worth $161,000 after acquiring an additional 889 shares during the last quarter. Values First Advisors Inc. grew its stake in shares of Simulations Plus by 3.2% during the first quarter. Values First Advisors Inc. now owns 39,188 shares of the technology company's stock worth $960,000 after acquiring an additional 1,211 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Simulations Plus by 2.1% during the first quarter. Rhumbline Advisers now owns 66,222 shares of the technology company's stock worth $1,624,000 after acquiring an additional 1,334 shares during the last quarter. Hedge funds and other institutional investors own 78.08% of the company's stock.

Simulations Plus Trading Up 4.8%

Simulations Plus stock opened at $15.05 on Monday. Simulations Plus, Inc. has a 12 month low of $12.39 and a 12 month high of $37.67. The stock's 50 day simple moving average is $14.18 and its two-hundred day simple moving average is $22.61. The firm has a market cap of $302.91 million, a PE ratio of -4.78 and a beta of 0.85.

Simulations Plus (NASDAQ:SLP - Get Free Report) last released its quarterly earnings data on Monday, July 14th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.26 by $0.19. Simulations Plus had a positive return on equity of 11.62% and a negative net margin of 78.63%.The business had revenue of $20.36 million for the quarter, compared to analyst estimates of $22.83 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The business's quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Simulations Plus, Inc. will post 1.09 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SLP. KeyCorp lowered Simulations Plus from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, July 15th. William Blair reiterated an "outperform" rating on shares of Simulations Plus in a research report on Tuesday, July 15th. Craig Hallum dropped their target price on Simulations Plus from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Friday, June 13th. Zacks Research upgraded Simulations Plus to a "hold" rating in a research report on Tuesday, August 12th. Finally, JMP Securities reiterated a "market perform" rating on shares of Simulations Plus in a research report on Wednesday, June 18th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.50.

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.

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