The Manufacturers Life Insurance Company Buys 5,506 Shares of Simulations Plus, Inc. (SLP)

The Manufacturers Life Insurance Company boosted its stake in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 142.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,378 shares of the technology company’s stock after acquiring an additional 5,506 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Simulations Plus were worth $151,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SLP. Cadence Capital Management LLC increased its stake in shares of Simulations Plus by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 116,304 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 5,636 shares during the last quarter. Strs Ohio increased its stake in shares of Simulations Plus by 196.9% in the 4th quarter. Strs Ohio now owns 9,500 shares of the technology company’s stock valued at $152,000 after purchasing an additional 6,300 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Simulations Plus in the 4th quarter valued at $104,000. Algert Global LLC bought a new position in shares of Simulations Plus in the 4th quarter valued at $175,000. Finally, New York State Common Retirement Fund bought a new position in shares of Simulations Plus in the 2nd quarter valued at $143,000. Hedge funds and other institutional investors own 33.93% of the company’s stock.

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Shares of SLP stock opened at $14.95 on Friday. Simulations Plus, Inc. has a twelve month low of $10.55 and a twelve month high of $17.45. The firm has a market capitalization of $274.95, a price-to-earnings ratio of 42.72 and a beta of -0.63.

Simulations Plus (NASDAQ:SLP) last released its quarterly earnings data on Tuesday, January 9th. The technology company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ 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%. The company had revenue of $7.07 million for the quarter, compared to the consensus estimate of $6.57 million. equities research analysts anticipate that Simulations Plus, Inc. will post 0.4 earnings per share for the current year.

In related news, CEO Walter S. Woltosz sold 18,500 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $16.25, for a total transaction of $300,625.00. Following the sale, the chief executive officer now owns 5,502,416 shares of the company’s stock, valued at approximately $89,414,260. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 55,500 shares of company stock worth $899,655. 33.45% of the stock is currently owned by company insiders.

SLP has been the topic of several recent analyst reports. Zacks Investment Research lowered Simulations Plus from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. BidaskClub upgraded Simulations Plus from a “hold” rating to a “buy” rating in a research note on Saturday, February 24th.

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

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