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

Mutual of America Capital Management LLC reduced its stake in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,977 shares of the technology company’s stock after selling 5,907 shares during the period. Mutual of America Capital Management LLC’s holdings in Simulations Plus were worth $3,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Illinois Municipal Retirement Fund lifted its position in Simulations Plus by 2.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 9,647 shares of the technology company’s stock valued at $432,000 after purchasing an additional 263 shares during the period. Canton Hathaway LLC lifted its position 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. BNP Paribas Financial Markets lifted its position in Simulations Plus by 9.1% during the first quarter. BNP Paribas Financial Markets now owns 14,143 shares of the technology company’s stock valued at $582,000 after purchasing an additional 1,174 shares during the period. Principal Financial Group Inc. lifted its position in Simulations Plus by 1.4% during the first quarter. Principal Financial Group Inc. now owns 88,142 shares of the technology company’s stock valued at $3,627,000 after purchasing an additional 1,203 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its position in Simulations Plus by 22.2% during the first quarter. Azzad Asset Management Inc. ADV now owns 7,727 shares of the technology company’s stock valued at $318,000 after purchasing an additional 1,406 shares during the period. 78.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Craig Hallum restated a “buy” rating and set a $56.00 target price on shares of Simulations Plus in a research report on Wednesday, July 3rd. William Blair began coverage on shares of Simulations Plus in a report on Friday, June 28th. They issued an “outperform” rating for the company. Finally, Oppenheimer lifted their price objective on shares of Simulations Plus from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, June 13th.

Simulations Plus Trading Up 7.4 %

Shares of NASDAQ SLP opened at $41.28 on Friday. Simulations Plus, Inc. has a 12-month low of $32.69 and a 12-month high of $52.69. The stock has a market cap of $826.01 million, a PE ratio of 86.00 and a beta of 0.72. The company has a 50-day moving average of $46.95 and a 200 day moving average of $43.98.

Simulations Plus (NASDAQ:SLP) last posted its earnings results on Tuesday, July 2nd. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. Simulations Plus had a net margin of 14.36% and a return on equity of 7.80%. The company had revenue of $18.54 million for the quarter, compared to analyst estimates of $17.92 million. During the same period in the previous year, the business posted $0.20 EPS. Simulations Plus’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that Simulations Plus, Inc. will post 0.55 EPS for the current fiscal year.

Simulations Plus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Monday, July 29th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.58%. Simulations Plus’s dividend payout ratio is currently 50.00%.

Insiders Place Their Bets

In other Simulations Plus news, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $46.71, for a total transaction of $934,200.00. Following the sale, the director now directly owns 3,540,857 shares in the company, valued at approximately $165,393,430.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Daniel L. Weiner sold 750 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $49.32, for a total value of $36,990.00. Following the transaction, the director now directly owns 7,009 shares of the company’s stock, valued at approximately $345,683.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $46.71, for a total transaction of $934,200.00. Following the completion of the transaction, the director now directly owns 3,540,857 shares in the company, valued at $165,393,430.47. The disclosure for this sale can be found here. Insiders have sold a total of 44,500 shares of company stock worth $2,072,198 in the last ninety days. 20.90% of the stock is owned by corporate insiders.

Simulations Plus Company 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.