Rice Hall James & Associates LLC Purchases 31,413 Shares of Simulations Plus, Inc. $SLP

Rice Hall James & Associates LLC boosted its position in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 44.8% in the first quarter, Holdings Channel reports. The fund owned 101,598 shares of the technology company’s stock after purchasing an additional 31,413 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Simulations Plus were worth $1,201,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Simulations Plus by 26.6% during the 1st quarter. Royal Bank of Canada now owns 114,885 shares of the technology company’s stock valued at $2,817,000 after purchasing an additional 24,132 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Simulations Plus by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,493 shares of the technology company’s stock valued at $233,000 after purchasing an additional 390 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Simulations Plus in the 1st quarter worth approximately $255,000. Woodline Partners LP lifted its stake in shares of Simulations Plus by 32.1% in the 1st quarter. Woodline Partners LP now owns 13,239 shares of the technology company’s stock worth $325,000 after purchasing an additional 3,220 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Simulations Plus by 12.2% in the second quarter. Rhumbline Advisers now owns 74,325 shares of the technology company’s stock worth $1,297,000 after buying an additional 8,103 shares during the last quarter. Institutional investors own 78.08% of the company’s stock.

Simulations Plus Price Performance

SLP stock opened at $18.34 on Monday. Simulations Plus, Inc. has a twelve month low of $11.09 and a twelve month high of $21.01. The stock has a market cap of $371.02 million, a P/E ratio of 45.85 and a beta of 1.30. The business’s 50-day moving average price is $17.25 and its 200-day moving average price is $15.44.

Simulations Plus (NASDAQ:SLP) last released its earnings results on Thursday, July 9th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. The company had revenue of $21.89 million during the quarter, compared to analyst estimates of $20.90 million. Simulations Plus had a net margin of 9.88% and a return on equity of 13.50%. On average, equities research analysts expect that Simulations Plus, Inc. will post 0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Simulations Plus news, Director Walter S. Woltosz sold 4,177 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $18.44, for a total value of $77,023.88. Following the completion of the transaction, the director directly owned 3,202,131 shares in the company, valued at $59,047,295.64. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SLP has been the subject of several recent research reports. Wall Street Zen lowered shares of Simulations Plus from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded shares of Simulations Plus from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. TD Cowen dropped their price target on shares of Simulations Plus from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, April 10th. William Blair downgraded shares of Simulations Plus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 17th. Finally, Craig Hallum downgraded shares of Simulations Plus from a “buy” rating to a “hold” rating and set a $18.50 price objective for the company. in a research report on Thursday, June 18th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $17.25.

Simulations Plus Company Profile

Simulations Plus, Inc (NASDAQ: SLP) specializes in advanced modeling and simulation software tailored to the pharmaceutical, biotechnology and chemical industries. The company’s flagship products include ADMET Predictor, a quantitative structure-activity relationship (QSAR) tool for predicting absorption, distribution, metabolism, excretion and toxicity properties, and GastroPlus, a physiologically based pharmacokinetic (PBPK) modeling platform for simulating drug absorption and pharmacokinetics.