Simulations Plus, Inc. (NASDAQ:SLP) Declares $0.06 Quarterly Dividend

Simulations Plus, Inc. (NASDAQ:SLP - Get Free Report) declared a quarterly dividend on Wednesday, April 3rd, Zacks reports. Investors of record on Monday, April 29th will be paid a dividend of 0.06 per share by the technology company on Monday, May 6th. This represents a $0.24 annualized dividend and a yield of 0.50%. The ex-dividend date is Friday, April 26th.

Simulations Plus has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings.

Simulations Plus Stock Performance

NASDAQ SLP traded up $0.16 during trading hours on Friday, hitting $47.70. 225,161 shares of the company traded hands, compared to its average volume of 110,592. The business's 50-day moving average is $41.66 and its 200-day moving average is $40.47. Simulations Plus has a twelve month low of $32.69 and a twelve month high of $52.69. The stock has a market capitalization of $952.57 million, a price-to-earnings ratio of 90.00 and a beta of 0.72.

Simulations Plus (NASDAQ:SLP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 3rd. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. Simulations Plus had a return on equity of 8.02% and a net margin of 16.22%. The firm had revenue of $18.31 million during the quarter, compared to analysts' expectations of $17.31 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The business's quarterly revenue was up 16.2% compared to the same quarter last year. Analysts predict that Simulations Plus will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum upped their price objective on Simulations Plus from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, January 4th.

Insider Buying and Selling at Simulations Plus

In other news, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $39.94, for a total transaction of $798,800.00. Following the transaction, the director now owns 3,600,195 shares in the company, valued at $143,791,788.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $39.94, for a total transaction of $798,800.00. Following the transaction, the director now owns 3,600,195 shares in the company, valued at $143,791,788.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Walter S. Woltosz sold 18,945 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.02, for a total value of $720,288.90. Following the transaction, the director now owns 3,641,250 shares in the company, valued at approximately $138,440,325. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company's stock.

Hedge Funds Weigh In On Simulations Plus

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Simulations Plus by 2,626.1% during the 2nd quarter. Barclays PLC now owns 627 shares of the technology company's stock worth $27,000 after acquiring an additional 604 shares during the period. Point72 Middle East FZE bought a new position in Simulations Plus during the 4th quarter worth $35,000. Lazard Asset Management LLC bought a new position in Simulations Plus during the 4th quarter worth $61,000. Tower Research Capital LLC TRC boosted its holdings in shares of Simulations Plus by 82.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,421 shares of the technology company's stock valued at $69,000 after purchasing an additional 641 shares in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Simulations Plus by 63.1% in the 4th quarter. State of Wyoming now owns 2,332 shares of the technology company's stock valued at $85,000 after purchasing an additional 902 shares in the last quarter. Institutional investors own 78.08% of the company's stock.

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.