Wellington Management Group LLP Purchases Shares of 100,255 Simulations Plus, Inc. $SLP

Key Points

• Wellington Management Group LLP invested approximately $2.46 million in Simulations Plus, Inc. during the first quarter, acquiring 100,255 shares and owning about 0.50% of the company.
• Despite reporting a quarterly earnings per share (EPS) of $0.45, which exceeded estimates, Simulations Plus faced a negative net margin of 78.63% and its shares recently traded down by 0.4%.
• Analysts have set a consensus price target of $26.50 for Simulations Plus, with ratings reflecting a mix of "buy" and "hold" recommendations from various firms.

Wellington Management Group LLP bought a new stake in Simulations Plus, Inc. (NASDAQ:SLP - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 100,255 shares of the technology company's stock, valued at approximately $2,458,000. Wellington Management Group LLP owned approximately 0.50% of Simulations Plus as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SLP. Janus Henderson Group PLC boosted its holdings in shares of Simulations Plus by 7,753.3% during the 4th quarter. Janus Henderson Group PLC now owns 542,899 shares of the technology company's stock valued at $15,141,000 after acquiring an additional 535,986 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of Simulations Plus by 17.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,609,388 shares of the technology company's stock valued at $63,982,000 after acquiring an additional 383,126 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Simulations Plus by 16.7% during the 4th quarter. Ameriprise Financial Inc. now owns 607,902 shares of the technology company's stock valued at $16,954,000 after acquiring an additional 86,868 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Simulations Plus by 191.1% during the 1st quarter. Stephens Inc. AR now owns 94,439 shares of the technology company's stock valued at $2,316,000 after acquiring an additional 61,992 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new stake in shares of Simulations Plus during the 1st quarter valued at $1,300,000. Institutional investors and hedge funds own 78.08% of the company's stock.

Simulations Plus Price Performance

Shares of SLP traded down $0.01 during trading hours on Wednesday, hitting $14.38. The stock had a trading volume of 246,495 shares, compared to its average volume of 429,779. The firm has a 50 day simple moving average of $14.72 and a 200-day simple moving average of $23.70. The firm has a market capitalization of $289.47 million, a P/E ratio of -4.57 and a beta of 0.85. Simulations Plus, Inc. has a 1-year low of $12.39 and a 1-year high of $37.67.

Simulations Plus (NASDAQ:SLP - Get Free Report) last issued its earnings results on Monday, July 14th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.26 by $0.19. The company had revenue of $20.36 million during the quarter, compared to the consensus estimate of $22.83 million. Simulations Plus had a positive return on equity of 11.62% and a negative net margin of 78.63%.The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. Equities analysts predict that Simulations Plus, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of Simulations Plus in a research report on Wednesday, June 18th. Stephens lowered their price objective on Simulations Plus from $28.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, July 15th. Craig Hallum lowered their price objective on Simulations Plus from $45.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, June 13th. Zacks Research raised Simulations Plus to a "hold" rating in a research report on Tuesday, August 12th. Finally, KeyCorp lowered Simulations Plus from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.