Simulations Plus (SLP) Raised to “Buy” at BidaskClub

Simulations Plus (NASDAQ:SLP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Zacks Investment Research upgraded shares of Simulations Plus from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th.

Shares of Simulations Plus (SLP) opened at $16.60 on Friday. The company has a market cap of $287.06, a P/E ratio of 47.43 and a beta of -0.74. Simulations Plus has a 52 week low of $9.45 and a 52 week high of $17.45.

Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings results on Tuesday, January 9th. The technology company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The company had revenue of $7.07 million for the quarter, compared to analysts’ expectations of $6.57 million. Simulations Plus had a net margin of 23.78% and a return on equity of 24.56%. analysts forecast that Simulations Plus will post 0.4 EPS for the current year.

In related news, Chairman Walter S. Woltosz sold 18,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $16.25, for a total transaction of $300,625.00. Following the sale, the chairman now directly owns 5,502,416 shares in the company, valued at approximately $89,414,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 55,500 shares of company stock worth $893,180 over the last 90 days. 33.45% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SLP. State Street Corp lifted its stake in Simulations Plus by 432.6% in the 2nd quarter. State Street Corp now owns 131,012 shares of the technology company’s stock worth $1,617,000 after purchasing an additional 106,412 shares in the last quarter. Northern Trust Corp lifted its stake in Simulations Plus by 248.7% in the 2nd quarter. Northern Trust Corp now owns 145,018 shares of the technology company’s stock worth $1,791,000 after purchasing an additional 103,435 shares in the last quarter. Whalerock Point Partners LLC purchased a new stake in Simulations Plus in the 4th quarter worth approximately $820,000. OxFORD Asset Management LLP lifted its stake in Simulations Plus by 471.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 58,336 shares of the technology company’s stock worth $910,000 after purchasing an additional 48,131 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in Simulations Plus in the 3rd quarter worth approximately $730,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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Simulations Plus Company Profile

Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.

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