Crawford Investment Counsel Inc. Boosts Stock Position in Simulations Plus, Inc. (NASDAQ:SLP)

Crawford Investment Counsel Inc. grew its stake in shares of Simulations Plus, Inc. (NASDAQ:SLPGet Rating) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,145 shares of the technology company’s stock after buying an additional 8,810 shares during the period. Crawford Investment Counsel Inc. owned 1.02% of Simulations Plus worth $10,509,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Simulations Plus by 1.3% during the 1st quarter. BlackRock Inc. now owns 2,452,552 shares of the technology company’s stock valued at $125,032,000 after purchasing an additional 32,225 shares during the period. Vanguard Group Inc. raised its stake in Simulations Plus by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 1,088,505 shares of the technology company’s stock valued at $55,491,000 after purchasing an additional 18,712 shares during the period. Ranger Investment Management L.P. raised its stake in Simulations Plus by 12.3% during the 4th quarter. Ranger Investment Management L.P. now owns 882,164 shares of the technology company’s stock valued at $41,726,000 after purchasing an additional 96,272 shares during the period. Royce & Associates LP raised its stake in Simulations Plus by 1.7% during the 1st quarter. Royce & Associates LP now owns 448,333 shares of the technology company’s stock valued at $22,856,000 after purchasing an additional 7,500 shares during the period. Finally, Wasatch Advisors Inc. raised its stake in Simulations Plus by 26.1% during the 4th quarter. Wasatch Advisors Inc. now owns 419,605 shares of the technology company’s stock valued at $19,847,000 after purchasing an additional 86,968 shares during the period. 72.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. TheStreet raised Simulations Plus from a “c+” rating to a “b-” rating in a research note on Friday, July 22nd. Craig Hallum lifted their price objective on Simulations Plus from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, July 7th. Finally, Raymond James lifted their price objective on Simulations Plus from $54.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, August 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Simulations Plus Stock Performance

Shares of Simulations Plus stock opened at $59.86 on Friday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 105.02 and a beta of 0.45. The stock has a 50 day moving average price of $60.28 and a 200-day moving average price of $51.03. Simulations Plus, Inc. has a one year low of $35.18 and a one year high of $67.59.

Simulations Plus (NASDAQ:SLPGet Rating) last announced its earnings results on Wednesday, July 6th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $14.96 million during the quarter, compared to analysts’ expectations of $14.33 million. Simulations Plus had a return on equity of 6.91% and a net margin of 22.74%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. Sell-side analysts predict that Simulations Plus, Inc. will post 0.64 earnings per share for the current fiscal year.

Simulations Plus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 25th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, July 22nd. Simulations Plus’s payout ratio is currently 42.11%.

Insiders Place Their Bets

In other news, Director Walter S. Woltosz sold 18,121 shares of Simulations Plus stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $61.49, for a total value of $1,114,260.29. Following the transaction, the director now owns 4,099,786 shares of the company’s stock, valued at approximately $252,095,841.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Walter S. Woltosz sold 20,000 shares of Simulations Plus stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $61.19, for a total value of $1,223,800.00. Following the sale, the director now directly owns 4,117,634 shares in the company, valued at approximately $251,958,024.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Walter S. Woltosz sold 18,121 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $61.49, for a total value of $1,114,260.29. Following the transaction, the director now owns 4,099,786 shares in the company, valued at $252,095,841.14. The disclosure for this sale can be found here. Insiders have sold a total of 55,582 shares of company stock worth $3,176,188 over the last quarter. Company insiders own 23.08% of the company’s stock.

About Simulations Plus

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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. It operates through four segments: Simulations Plus, Cognigen, DILIsym, and Lixoft.

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Institutional Ownership by Quarter for Simulations Plus (NASDAQ:SLP)

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