Simulations Plus (NASDAQ:SLP) Trading Up 5.2%

Simulations Plus, Inc. (NASDAQ:SLP - Get Free Report) shares shot up 5.2% on Monday . The company traded as high as $50.17 and last traded at $50.17. 75,725 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 109,801 shares. The stock had previously closed at $47.70.

Wall Street Analysts Forecast Growth

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

Simulations Plus Price Performance

The business has a fifty day moving average of $41.85 and a 200 day moving average of $40.53. The stock has a market cap of $986.92 million, a price-to-earnings ratio of 93.25 and a beta of 0.72.

Simulations Plus (NASDAQ:SLP - Get Free Report) last announced 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 7.95% and a net margin of 16.22%. The company had revenue of $18.31 million for the quarter, compared to the consensus estimate of $17.31 million. During the same quarter last year, the company posted $0.20 earnings per share. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, analysts expect that Simulations Plus, Inc. will post 0.67 EPS for the current year.

Simulations Plus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Monday, April 29th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. Simulations Plus's dividend payout ratio is 45.28%.

Insider Activity

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 value of $798,800.00. Following the completion of the sale, the director now directly owns 3,600,195 shares of the company's stock, valued at $143,791,788.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Walter S. Woltosz sold 18,945 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 3,641,250 shares of the company's stock, valued at $138,440,325. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Walter S. Woltosz sold 20,000 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $39.94, for a total value of $798,800.00. Following the completion of the transaction, the director now directly owns 3,600,195 shares of the company's stock, valued at $143,791,788.30. The disclosure for this sale can be found here. 20.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SLP. BlackRock Inc. lifted its holdings in shares of Simulations Plus by 0.9% during the third quarter. BlackRock Inc. now owns 2,538,799 shares of the technology company's stock valued at $123,235,000 after acquiring an additional 23,227 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of Simulations Plus by 12.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,259,176 shares of the technology company's stock valued at $101,098,000 after acquiring an additional 251,299 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Simulations Plus by 1.8% during the third quarter. Vanguard Group Inc. now owns 1,125,881 shares of the technology company's stock valued at $54,651,000 after acquiring an additional 20,072 shares during the period. Ranger Investment Management L.P. lifted its holdings in shares of Simulations Plus by 4.0% during the second quarter. Ranger Investment Management L.P. now owns 955,838 shares of the technology company's stock valued at $41,416,000 after acquiring an additional 37,180 shares during the period. Finally, State Street Corp lifted its holdings in shares of Simulations Plus by 4.8% during the first quarter. State Street Corp now owns 709,603 shares of the technology company's stock valued at $36,176,000 after acquiring an additional 32,705 shares during the period. 78.08% of the stock is owned by institutional investors.

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.