Simulations Plus (NASDAQ:SLP) Shares Pass Above 200-Day Moving Average of $40.99

Simulations Plus, Inc. (NASDAQ:SLP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.99 and traded as high as $45.96. Simulations Plus shares last traded at $45.65, with a volume of 141,941 shares traded.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upped their price objective 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 firm has a market cap of $912.54 million, a price-to-earnings ratio of 86.13 and a beta of 0.72. The company has a fifty day moving average price of $43.59 and a two-hundred day moving average price of $40.99.

Simulations Plus (NASDAQ:SLP) last announced its earnings results on Wednesday, April 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $18.31 million for the quarter, compared to analyst estimates of $17.31 million. Simulations Plus had a return on equity of 7.95% and a net margin of 16.22%. Simulations Plus’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. On average, research analysts expect that Simulations Plus, Inc. will post 0.67 earnings per share for the current fiscal year.

Simulations Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 29th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, April 26th. Simulations Plus’s payout ratio is 45.28%.

Insider Activity at Simulations Plus

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

Institutional Trading of Simulations Plus

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Simulations Plus by 2,626.1% in 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. Victory Capital Management Inc. acquired a new position in shares of Simulations Plus in the 3rd quarter worth approximately $57,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Simulations Plus by 194.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,487 shares of the technology company’s stock worth $62,000 after buying an additional 982 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Simulations Plus in the 1st quarter worth approximately $70,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Simulations Plus by 74.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,446 shares of the technology company’s stock worth $144,000 after buying an additional 1,467 shares in the last quarter. Institutional investors own 78.08% of the company’s stock.

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.