Simulations Plus (NASDAQ:SLP) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $18.75 for the company and are expecting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Simulations Plus an industry rank of 69 out of 265 based on the ratings given to related companies.
Several research firms have commented on SLP. Zacks Investment Research downgraded shares of Simulations Plus from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. BidaskClub raised shares of Simulations Plus from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, ValuEngine raised shares of Simulations Plus from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.
In other Simulations Plus news, Chairman Walter S. Woltosz sold 18,500 shares of the company’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $14.54, for a total transaction of $268,990.00. Following the sale, the chairman now directly owns 5,466,408 shares of the company’s stock, valued at $79,481,572.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 33.45% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Simulations Plus by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock worth $110,000 after buying an additional 1,085 shares in the last quarter. Martingale Asset Management L P lifted its holdings in shares of Simulations Plus by 6.5% in the fourth quarter. Martingale Asset Management L P now owns 69,107 shares of the technology company’s stock worth $1,113,000 after buying an additional 4,201 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Simulations Plus by 27.4% in the fourth quarter. Deutsche Bank AG now owns 24,583 shares of the technology company’s stock worth $394,000 after buying an additional 5,282 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Simulations Plus by 0.8% in the fourth quarter. BlackRock Inc. now owns 760,779 shares of the technology company’s stock worth $12,249,000 after buying an additional 6,194 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of Simulations Plus by 196.9% in the fourth quarter. Strs Ohio now owns 9,500 shares of the technology company’s stock worth $152,000 after buying an additional 6,300 shares in the last quarter. 33.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:SLP opened at $17.35 on Friday. The stock has a market capitalization of $291.94, a P/E ratio of 42.13 and a beta of -0.56. Simulations Plus has a fifty-two week low of $11.00 and a fifty-two week high of $17.45.
Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings results on Monday, April 9th. The technology company reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. The company had revenue of $7.36 million for the quarter, compared to the consensus estimate of $7.37 million. Simulations Plus had a net margin of 30.65% and a return on equity of 26.19%. analysts predict that Simulations Plus will post 0.4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Wednesday, April 25th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, April 24th. Simulations Plus’s dividend payout ratio (DPR) is presently 70.59%.
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Simulations Plus Company Profile
Simulations Plus, Inc develops drug discovery and development software for mechanistic modeling and simulation worldwide. The company offers GastroPlus, which simulates the absorption, pharmacokinetics (PK), and pharmacodynamics of drugs administered to humans and animals; DDDPlus that simulates in vitro laboratory experiments, which measure the rate of dissolution of the drug and additives in a dosage form; and MembranePlus, which simulates laboratory experiments.
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