Simulations Plus, Inc. (NASDAQ:SLP) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,647 shares of the technology company’s stock after purchasing an additional 263 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Simulations Plus were worth $432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Simulations Plus by 194.5% during 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. Canton Hathaway LLC lifted its holdings in Simulations Plus by 25.0% in the fourth quarter. Canton Hathaway LLC now owns 5,000 shares of the technology company’s stock valued at $224,000 after acquiring an additional 1,000 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in shares of Simulations Plus by 21.7% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 6,089 shares of the technology company’s stock worth $254,000 after purchasing an additional 1,084 shares in the last quarter. Cook Wealth Management Group LLC grew its stake in shares of Simulations Plus by 9.5% during the 3rd quarter. Cook Wealth Management Group LLC now owns 13,922 shares of the technology company’s stock worth $581,000 after purchasing an additional 1,204 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of Simulations Plus in the 3rd quarter valued at about $57,000. 78.08% of the stock is currently owned by hedge funds and other institutional investors.

Simulations Plus Stock Performance

Shares of SLP stock opened at $46.32 on Thursday. The stock has a market cap of $925.94 million, a PE ratio of 87.40 and a beta of 0.72. Simulations Plus, Inc. has a 1 year low of $32.69 and a 1 year high of $52.69. The stock has a fifty day moving average price of $43.83 and a 200 day moving average price of $41.10.

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

Simulations Plus Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.52%. Simulations Plus’s dividend payout ratio is currently 45.28%.

Analyst Ratings Changes

Separately, Craig Hallum upped their target price on shares of Simulations Plus from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th.

Insider Activity at Simulations Plus

In other news, Director Walter S. Woltosz sold 20,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $39.94, for a total value of $798,800.00. Following the completion of the transaction, the director now directly owns 3,600,195 shares of the company’s stock, valued at $143,791,788.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.90% of the stock is owned by corporate insiders.

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.