Tributary Capital Management LLC Acquires 4,310 Shares of Simulations Plus, Inc. (NASDAQ:SLP)

Tributary Capital Management LLC increased its holdings in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,677 shares of the technology company’s stock after acquiring an additional 4,310 shares during the quarter. Tributary Capital Management LLC’s holdings in Simulations Plus were worth $8,628,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Canton Hathaway LLC grew its holdings in Simulations Plus by 25.0% during the fourth quarter. Canton Hathaway LLC now owns 5,000 shares of the technology company’s stock valued at $224,000 after purchasing an additional 1,000 shares during the period. Algert Global LLC bought a new stake in Simulations Plus in the 3rd quarter valued at about $335,000. First National Bank of Omaha purchased a new stake in Simulations Plus during the fourth quarter valued at about $337,000. Louisiana State Employees Retirement System purchased a new position in shares of Simulations Plus in the fourth quarter worth about $358,000. Finally, Versor Investments LP bought a new stake in shares of Simulations Plus in the fourth quarter valued at approximately $385,000. Institutional investors own 78.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Daniel L. Weiner sold 750 shares of Simulations Plus stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $49.32, for a total transaction 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 approximately $345,683.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Walter S. Woltosz sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $45.95, for a total value 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 this link. Also, Director Daniel L. Weiner sold 750 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were 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 of the company’s stock, valued at approximately $345,683.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,500 shares of company stock worth $1,137,998. Company insiders own 20.90% of the company’s stock.

Simulations Plus Stock Performance

Shares of Simulations Plus stock opened at $45.89 on Tuesday. The stock has a market capitalization of $917.34 million, a price-to-earnings ratio of 87.13 and a beta of 0.72. The company has a fifty day moving average of $47.80 and a 200-day moving average of $44.14. Simulations Plus, Inc. has a 52-week low of $32.69 and a 52-week high of $52.69.

Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings results on Wednesday, April 3rd. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Simulations Plus had a return on equity of 7.95% and a net margin of 16.22%. The business had revenue of $18.31 million for the quarter, compared to analysts’ expectations of $17.31 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 16.2% on a year-over-year basis. On average, equities research analysts forecast that Simulations Plus, Inc. will post 0.55 earnings per share for the current fiscal year.

Simulations Plus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 29th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, April 26th. Simulations Plus’s payout ratio is currently 45.28%.

Simulations Plus Profile

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.