Simulations Plus, Inc. (NASDAQ:SLP) declared a quarterly dividend on Wednesday, July 19th, Wall Street Journal reports. Shareholders of record on Friday, July 28th will be given a dividend of 0.05 per share by the technology company on Friday, August 4th. This represents a $0.20 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, July 26th.
Simulations Plus (NASDAQ:SLP) traded down 2.41% during trading on Friday, reaching $14.20. 42,803 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $14.17 and its 200-day moving average is $11.94. Simulations Plus has a 12-month low of $7.90 and a 12-month high of $16.15. The company has a market cap of $244.88 million, a P/E ratio of 45.08 and a beta of -0.71.
Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings data on Friday, July 14th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Simulations Plus had a net margin of 24.86% and a return on equity of 23.21%. The business had revenue of $6.75 million during the quarter, compared to analyst estimates of $6.48 million. Analysts predict that Simulations Plus will post $0.32 EPS for the current fiscal year.
In other news, Director Argenio David Z. D sold 21,326 shares of Simulations Plus stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $11.59, for a total transaction of $247,168.34. Following the completion of the sale, the director now directly owns 43,775 shares in the company, valued at $507,352.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thaddeus Henry Grasela, Jr. sold 37,031 shares of Simulations Plus stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $11.63, for a total value of $430,670.53. Following the sale, the president now owns 426,852 shares of the company’s stock, valued at $4,964,288.76. The disclosure for this sale can be found here. Insiders have sold 93,743 shares of company stock valued at $1,154,108 over the last ninety days. 36.93% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in SLP. The Manufacturers Life Insurance Company increased its stake in Simulations Plus by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock valued at $110,000 after buying an additional 1,085 shares during the period. California State Teachers Retirement System acquired a new stake in Simulations Plus during the second quarter valued at $240,000. Finally, State Street Corp increased its stake in Simulations Plus by 432.6% in the second quarter. State Street Corp now owns 131,012 shares of the technology company’s stock valued at $1,617,000 after buying an additional 106,412 shares during the period. Institutional investors and hedge funds own 30.09% of the company’s stock.
A number of research analysts recently weighed in on SLP shares. Zacks Investment Research raised shares of Simulations Plus from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, July 25th. BidaskClub lowered shares of Simulations Plus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.
Simulations Plus Company Profile
Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.
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