Simulations Plus, Inc. (NASDAQ:SLP) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,857 shares of the technology company’s stock after selling 3,120 shares during the quarter. Mutual of America Capital Management LLC owned 0.36% of Simulations Plus worth $3,494,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Simulations Plus in the first quarter worth $57,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Simulations Plus in the first quarter valued at $70,000. Connecticut Wealth Management LLC purchased a new stake in shares of Simulations Plus in the first quarter valued at $204,000. Los Angeles Capital Management LLC purchased a new stake in shares of Simulations Plus in the second quarter valued at $206,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Simulations Plus in the first quarter valued at $208,000. 78.08% of the stock is owned by institutional investors and hedge funds.

Simulations Plus Price Performance

Shares of NASDAQ SLP opened at $31.15 on Tuesday. Simulations Plus, Inc. has a 1-year low of $30.61 and a 1-year high of $51.22. The business has a 50-day moving average of $36.60 and a 200-day moving average of $42.51. The company has a market capitalization of $623.25 million, a price-to-earnings ratio of 64.90 and a beta of 0.70.

Simulations Plus (NASDAQ:SLP) last released its quarterly earnings results on Tuesday, July 2nd. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. Simulations Plus had a return on equity of 7.80% and a net margin of 14.36%. The business had revenue of $18.54 million for the quarter, compared to analysts’ expectations of $17.92 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. Research analysts expect that Simulations Plus, Inc. will post 0.51 EPS for the current fiscal year.

Simulations Plus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 29th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Monday, July 29th. Simulations Plus’s payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SLP shares. William Blair reaffirmed an “outperform” rating on shares of Simulations Plus in a research report on Thursday, September 12th. Craig Hallum reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Simulations Plus in a research report on Wednesday, July 3rd. KeyCorp began coverage on Simulations Plus in a research report on Monday, July 29th. They issued an “overweight” rating and a $47.00 price objective for the company. JMP Securities began coverage on Simulations Plus in a research report on Tuesday, July 16th. They set a “market perform” rating for the company. Finally, Oppenheimer boosted their price target on Simulations Plus from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Insider Transactions at Simulations Plus

In other news, Director Daniel L. Weiner sold 750 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $49.32, for a total transaction of $36,990.00. Following the sale, the director now directly owns 7,009 shares in the company, valued at approximately $345,683.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $39.63, for a total value of $792,600.00. Following the completion of the transaction, the director now directly owns 3,521,592 shares of the company’s stock, valued at approximately $139,560,690.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel L. Weiner sold 750 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $49.32, for a total value of $36,990.00. Following the completion of the transaction, the director now directly owns 7,009 shares of the company’s stock, valued at $345,683.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,750 shares of company stock worth $2,467,390. 20.90% of the stock is currently owned by company insiders.

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.