Simulations Plus, Inc. (NASDAQ:SLP) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 49.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,845 shares of the technology company’s stock after acquiring an additional 11,794 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.18% of Simulations Plus worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canton Hathaway LLC increased its stake in shares of Simulations Plus by 25.0% during the 4th quarter. Canton Hathaway LLC now owns 5,000 shares of the technology company’s stock worth $224,000 after purchasing an additional 1,000 shares in the last quarter. Algert Global LLC acquired a new position in shares of Simulations Plus in the third quarter worth $335,000. First National Bank of Omaha acquired a new position in shares of Simulations Plus in the fourth quarter worth $337,000. Louisiana State Employees Retirement System purchased a new stake in shares of Simulations Plus in the fourth quarter valued at $358,000. Finally, Versor Investments LP acquired a new stake in shares of Simulations Plus during the fourth quarter valued at $385,000. Institutional investors and hedge funds own 78.08% of the company’s stock.

Simulations Plus Price Performance

SLP opened at $48.62 on Friday. Simulations Plus, Inc. has a 12 month low of $32.69 and a 12 month high of $52.69. The business has a 50-day moving average of $47.77 and a two-hundred day moving average of $44.09. The stock has a market capitalization of $971.91 million, a price-to-earnings ratio of 91.74 and a beta of 0.75.

Simulations Plus (NASDAQ:SLP) last released its earnings results on Wednesday, April 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $18.31 million during the quarter, compared to the consensus estimate of $17.31 million. Simulations Plus had a net margin of 16.22% and a return on equity of 7.95%. Simulations Plus’s revenue 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. Equities research analysts anticipate that Simulations Plus, Inc. will post 0.55 earnings per share for the current year.

Simulations Plus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 29th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, April 26th. Simulations Plus’s dividend payout ratio (DPR) is presently 45.28%.

Insider Buying and Selling at Simulations Plus

In other news, Director Walter S. Woltosz sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $45.95, for a total transaction of $919,000.00. Following the completion of the sale, the director now owns 3,580,857 shares in the company, valued at approximately $164,540,379.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Simulations Plus news, Director Walter S. Woltosz sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $45.95, for a total transaction of $919,000.00. Following the transaction, the director now owns 3,580,857 shares in the company, valued at $164,540,379.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel L. Weiner sold 3,250 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $48.31, for a total value of $157,007.50. Following the sale, the director now owns 8,759 shares in the company, valued at $423,147.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,750 shares of company stock valued at $1,899,808. Company insiders own 20.90% of the company’s stock.

Analyst Ratings Changes

SLP has been the subject of several analyst reports. Craig Hallum boosted their target price on shares of Simulations Plus from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Oppenheimer boosted their price objective on shares of Simulations Plus from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Finally, William Blair initiated coverage on shares of Simulations Plus in a research report on Friday. They set an “outperform” rating on the 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.