Jump Financial LLC Makes New $500,000 Investment in Simulations Plus, Inc. (NASDAQ:SLP)

Jump Financial LLC purchased a new position in shares of Simulations Plus, Inc. (NASDAQ:SLPFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,000 shares of the technology company’s stock, valued at approximately $500,000. Jump Financial LLC owned 0.06% of Simulations Plus as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its holdings in shares of Simulations Plus by 0.5% during the first quarter. Rhumbline Advisers now owns 59,693 shares of the technology company’s stock valued at $3,043,000 after acquiring an additional 279 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Simulations Plus by 6.1% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 4,868 shares of the technology company’s stock worth $211,000 after purchasing an additional 280 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Simulations Plus by 0.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 51,715 shares of the technology company’s stock valued at $2,551,000 after purchasing an additional 284 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Simulations Plus by 0.8% in the second quarter. Nuveen Asset Management LLC now owns 46,852 shares of the technology company’s stock valued at $2,030,000 after buying an additional 370 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Simulations Plus by 64.7% during the second quarter. Fifth Third Bancorp now owns 985 shares of the technology company’s stock worth $43,000 after buying an additional 387 shares during the last quarter. 74.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised their target price on Simulations Plus from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, January 4th.

View Our Latest Research Report on SLP

Insider Activity at Simulations Plus

In other news, Director Walter S. Woltosz sold 21,802 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $38.67, for a total value of $843,083.34. Following the transaction, the director now directly owns 3,771,453 shares in the company, valued at approximately $145,842,087.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Walter S. Woltosz sold 31,148 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $38.80, for a total value of $1,208,542.40. Following the sale, the director now directly owns 3,793,255 shares of the company’s stock, valued at approximately $147,178,294. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Walter S. Woltosz sold 21,802 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $38.67, for a total transaction of $843,083.34. Following the completion of the transaction, the director now directly owns 3,771,453 shares of the company’s stock, valued at $145,842,087.51. The disclosure for this sale can be found here. Insiders have sold 98,306 shares of company stock worth $3,949,215 over the last ninety days. Company insiders own 20.90% of the company’s stock.

Simulations Plus Stock Up 1.8 %

SLP stock opened at $41.48 on Friday. Simulations Plus, Inc. has a twelve month low of $32.69 and a twelve month high of $52.69. The company has a market cap of $828.36 million, a P/E ratio of 78.27 and a beta of 0.72. The business has a fifty day moving average of $40.54 and a 200-day moving average of $41.59.

Simulations Plus (NASDAQ:SLPGet Free Report) last announced its quarterly earnings data on Wednesday, January 3rd. The technology company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Simulations Plus had a return on equity of 8.18% and a net margin of 17.12%. The firm had revenue of $14.50 million during the quarter, compared to analyst estimates of $13.94 million. During the same period last year, the company earned $0.06 earnings per share. The company’s revenue was up 21.2% on a year-over-year basis. As a group, equities research analysts anticipate that Simulations Plus, Inc. will post 0.67 earnings per share for the current fiscal year.

Simulations Plus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Monday, January 29th were issued a $0.06 dividend. The ex-dividend date was Friday, January 26th. This represents a $0.24 annualized dividend and a yield of 0.58%. Simulations Plus’s dividend payout ratio is currently 45.28%.

About Simulations Plus

(Free Report)

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.

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

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