Simulations Plus, Inc. (NASDAQ:SLP) declared a quarterly dividend on Wednesday, January 17th, Wall Street Journal reports. Stockholders of record on Friday, January 26th will be paid a dividend of 0.06 per share by the technology company on Friday, February 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, January 25th.
Shares of Simulations Plus (SLP) traded down $0.25 during trading on Wednesday, hitting $16.05. The stock had a trading volume of 58,300 shares, compared to its average volume of 54,880. Simulations Plus has a 1-year low of $9.45 and a 1-year high of $17.45. The firm has a market capitalization of $281.87, a P/E ratio of 45.86 and a beta of -0.76.
Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings data on Tuesday, January 9th. The technology company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. Simulations Plus had a return on equity of 24.56% and a net margin of 23.78%. equities analysts forecast that Simulations Plus will post 0.39 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in SLP. State Street Corp boosted its holdings in Simulations Plus by 432.6% in the second quarter. State Street Corp now owns 131,012 shares of the technology company’s stock valued at $1,617,000 after purchasing an additional 106,412 shares in the last quarter. California State Teachers Retirement System acquired a new position in Simulations Plus in the second quarter valued at approximately $240,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in 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 valued at $110,000 after purchasing an additional 1,085 shares in the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on SLP shares. BidaskClub raised Simulations Plus from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research downgraded Simulations Plus from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th.
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About Simulations Plus
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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