KCG Holdings Inc. purchased a new position in shares of Simulations Plus, Inc. (NASDAQ:SLP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,913 shares of the technology company’s stock, valued at approximately $152,000. KCG Holdings Inc. owned 0.07% of Simulations Plus as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Simulations Plus by 7.0% in the first quarter. Renaissance Technologies LLC now owns 515,000 shares of the technology company’s stock worth $6,051,000 after buying an additional 33,700 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Simulations Plus by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 368,194 shares of the technology company’s stock worth $4,326,000 after buying an additional 16,362 shares during the last quarter. Menta Capital LLC increased its stake in shares of Simulations Plus by 33.9% in the first quarter. Menta Capital LLC now owns 40,102 shares of the technology company’s stock worth $471,000 after buying an additional 10,157 shares during the last quarter. Spark Investment Management LLC increased its stake in shares of Simulations Plus by 70.9% in the first quarter. Spark Investment Management LLC now owns 30,600 shares of the technology company’s stock worth $359,000 after buying an additional 12,700 shares during the last quarter. Finally, Cadence Capital Management LLC increased its stake in shares of Simulations Plus by 59.3% in the first quarter. Cadence Capital Management LLC now owns 104,624 shares of the technology company’s stock worth $1,229,000 after buying an additional 38,955 shares during the last quarter. 28.46% of the stock is owned by institutional investors.

Shares of Simulations Plus, Inc. (SLP) traded down 1.02% during mid-day trading on Tuesday, hitting $14.50. The company had a trading volume of 8,876 shares. The firm has a 50-day moving average price of $13.39 and a 200-day moving average price of $11.58. Simulations Plus, Inc. has a 52 week low of $7.90 and a 52 week high of $16.15. The firm has a market capitalization of $250.05 million, a PE ratio of 46.03 and a beta of -0.71.

Simulations Plus (NASDAQ:SLP) last released its quarterly earnings data on Friday, July 14th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $6.75 million for the quarter, compared to analysts’ expectations of $6.48 million. Simulations Plus had a return on equity of 23.21% and a net margin of 24.86%. Equities analysts forecast that Simulations Plus, Inc. will post $0.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 28th were given a $0.05 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $0.20 annualized dividend and a yield of 1.37%. Simulations Plus’s dividend payout ratio (DPR) is presently 62.50%.

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A number of analysts recently commented on the company. BidaskClub downgraded Simulations Plus from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised Simulations Plus from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, July 25th.

In other Simulations Plus news, Director Argenio David Z. D sold 7,304 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $11.46, for a total transaction of $83,703.84. Following the completion of the sale, the director now directly owns 63,608 shares in the company, valued at approximately $728,947.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Thaddeus Henry Grasela, Jr. sold 37,031 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $11.63, for a total transaction of $430,670.53. Following the sale, the president now owns 426,852 shares of the company’s stock, valued at $4,964,288.76. The disclosure for this sale can be found here. Insiders sold a total of 116,891 shares of company stock worth $1,420,606 over the last ninety days. 36.93% of the stock is currently owned by insiders.

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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