Legacy Wealth Asset Management LLC Invests $656,000 in Simulations Plus, Inc. (NASDAQ:SLP)


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Legacy Wealth Asset Management LLC bought a new position in Simulations Plus, Inc. (NASDAQ:SLP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 9,118 shares of the technology company’s stock, valued at approximately $656,000.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Simulations Plus by 5.5% in the 4th quarter. BlackRock Inc. now owns 2,276,138 shares of the technology company’s stock worth $163,698,000 after purchasing an additional 118,965 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Simulations Plus by 17.7% in the 4th quarter. Russell Investments Group Ltd. now owns 329,127 shares of the technology company’s stock worth $23,676,000 after purchasing an additional 49,534 shares during the period. Royce & Associates LP boosted its holdings in shares of Simulations Plus by 12.9% in the 4th quarter. Royce & Associates LP now owns 321,860 shares of the technology company’s stock worth $23,148,000 after purchasing an additional 36,690 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of Simulations Plus by 869.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 237,611 shares of the technology company’s stock worth $17,089,000 after purchasing an additional 213,106 shares during the period. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Simulations Plus by 2.3% in the 4th quarter. Congress Asset Management Co. MA now owns 196,992 shares of the technology company’s stock worth $14,168,000 after purchasing an additional 4,485 shares during the period. Hedge funds and other institutional investors own 60.75% of the company’s stock.

Shares of NASDAQ SLP opened at $63.98 on Thursday. The business has a fifty day simple moving average of $67.89 and a two-hundred day simple moving average of $69.71. The firm has a market cap of $1.28 billion, a PE ratio of 125.45, a price-to-earnings-growth ratio of 8.45 and a beta of -0.07. Simulations Plus, Inc. has a twelve month low of $32.18 and a twelve month high of $90.92.

Simulations Plus (NASDAQ:SLP) last issued its earnings results on Sunday, January 10th. The technology company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $10.70 million during the quarter, compared to analyst estimates of $10.56 million. Simulations Plus had a return on equity of 10.65% and a net margin of 22.74%. On average, equities research analysts anticipate that Simulations Plus, Inc. will post 0.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 1st. Shareholders of record on Monday, January 25th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, January 22nd. Simulations Plus’s dividend payout ratio (DPR) is presently 42.86%.

SLP has been the subject of a number of research analyst reports. Oppenheimer raised their price target on Simulations Plus from $79.00 to $85.00 in a research note on Tuesday, January 12th. Zacks Investment Research raised Simulations Plus from a “sell” rating to a “hold” rating in a research note on Wednesday, January 13th. TheStreet raised Simulations Plus from a “c+” rating to a “b” rating in a research note on Friday, January 8th. Finally, Craig Hallum lowered Simulations Plus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $81.60.

In other news, insider John Anthony Dibella II sold 2,360 shares of the business’s stock in a transaction on Wednesday, January 27th. The stock was sold at an average price of $80.00, for a total value of $188,800.00. Following the completion of the transaction, the insider now directly owns 44,840 shares of the company’s stock, valued at approximately $3,587,200. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David L. Ralph sold 3,750 shares of the business’s stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $72.99, for a total value of $273,712.50. Following the transaction, the director now owns 20,331 shares in the company, valued at $1,483,959.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,870 shares of company stock valued at $7,001,958. 24.45% of the stock is currently owned by corporate insiders.

About Simulations Plus

Simulations Plus, Inc develops drug discovery and development software for mechanistic modeling and simulation, and prediction of properties of molecules utilizing artificial-intelligence- and machine-learning-based technology worldwide. The company offers GastroPlus, which simulates the absorption, pharmacokinetics (PK), pharmacodynamics, and drug-drug interactions of compounds administered to humans and animals; DDDPlus that simulates in vitro laboratory experiments; and MembranePlus, which simulates laboratory experiments.

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Institutional Ownership by Quarter for Simulations Plus (NASDAQ:SLP)

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