Citigroup Inc. boosted its position in shares of Simulations Plus, Inc. (NASDAQ:SLP – Get Rating) by 32.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,628 shares of the technology company’s stock after purchasing an additional 2,618 shares during the period. Citigroup Inc. owned about 0.05% of Simulations Plus worth $389,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Simulations Plus during the 3rd quarter worth about $58,000. Tower Research Capital LLC TRC boosted its stake in shares of Simulations Plus by 82.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,421 shares of the technology company’s stock worth $69,000 after buying an additional 641 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in shares of Simulations Plus during the 4th quarter worth about $204,000. US Bancorp DE boosted its stake in shares of Simulations Plus by 233.4% during the 1st quarter. US Bancorp DE now owns 4,171 shares of the technology company’s stock worth $212,000 after buying an additional 2,920 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Simulations Plus during the 3rd quarter worth about $223,000. Institutional investors own 74.27% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. BTIG Research started coverage on shares of Simulations Plus in a research note on Tuesday, May 9th. They set a “buy” rating and a $55.00 price objective for the company. Oppenheimer reiterated an “outperform” rating and issued a $65.00 target price on shares of Simulations Plus in a research note on Thursday, April 6th. Finally, StockNews.com started coverage on shares of Simulations Plus in a research note on Thursday, May 18th. They issued a “hold” rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.50.
Simulations Plus Stock Up 1.7 %
Shares of SLP stock opened at $48.00 on Wednesday. The firm has a 50 day moving average price of $42.93 and a two-hundred day moving average price of $40.78. The company has a market capitalization of $959.86 million, a PE ratio of 94.12 and a beta of 0.53. Simulations Plus, Inc. has a 12-month low of $32.58 and a 12-month high of $67.59.
Simulations Plus (NASDAQ:SLP – Get Rating) last issued its quarterly earnings data on Wednesday, April 5th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $15.75 million during the quarter, compared to the consensus estimate of $16.13 million. Simulations Plus had a net margin of 19.32% and a return on equity of 6.17%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. As a group, research analysts expect that Simulations Plus, Inc. will post 0.66 EPS for the current year.
Simulations Plus Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Monday, April 24th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.50%. Simulations Plus’s dividend payout ratio is presently 47.06%.
Insider Transactions at Simulations Plus
In other news, Director Walter S. Woltosz sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $41.52, for a total transaction of $830,400.00. Following the transaction, the director now directly owns 3,875,739 shares of the company’s stock, valued at $160,920,683.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $2,607,600. 21.30% of the stock is currently owned by company insiders.
About Simulations Plus
Simulations Plus, Inc provides modeling and simulation software and consulting services supporting drug discovery, development research and regulatory submissions. The firm operates through the Software and Services segment. It designs and develops pharmaceutical simulation software to promote cost-effective solutions to a number of problems in pharmaceutical research and in the education of pharmacy and medical students.
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