Aviva PLC lowered its position in Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 25.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,105 shares of the business services provider’s stock after selling 5,911 shares during the period. Aviva PLC’s holdings in Exponent were worth $1,500,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its position in Exponent by 152.6% in the 3rd quarter. IFP Advisors Inc now owns 245 shares of the business services provider’s stock worth $28,000 after purchasing an additional 148 shares during the last quarter. First Horizon Advisors Inc. raised its position in Exponent by 332.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 419 shares of the business services provider’s stock worth $38,000 after purchasing an additional 322 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Exponent in the 2nd quarter worth approximately $40,000. SRS Capital Advisors Inc. raised its position in Exponent by 66.9% in the 2nd quarter. SRS Capital Advisors Inc. now owns 574 shares of the business services provider’s stock worth $53,000 after purchasing an additional 230 shares during the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in Exponent in the 3rd quarter worth approximately $56,000. Institutional investors own 91.32% of the company’s stock.
Insider Buying and Selling at Exponent
In other Exponent news, Director Carol Lindstrom sold 1,875 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $106.59, for a total transaction of $199,856.25. Following the completion of the sale, the director now owns 4,847 shares in the company, valued at approximately $516,641.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Carol Lindstrom sold 1,875 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $106.59, for a total value of $199,856.25. Following the completion of the transaction, the director now owns 4,847 shares of the company’s stock, valued at approximately $516,641.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Steven J. Murray sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $106.78, for a total transaction of $106,780.00. Following the completion of the transaction, the vice president now directly owns 24,958 shares of the company’s stock, valued at approximately $2,665,015.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,275 shares of company stock worth $455,120. Insiders own 2.00% of the company’s stock.
Analyst Ratings Changes
Exponent Stock Performance
Shares of Exponent stock opened at $103.63 on Friday. The firm has a fifty day moving average of $102.39 and a two-hundred day moving average of $98.26. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 52.87 and a beta of 0.63. Exponent, Inc. has a 52 week low of $80.97 and a 52 week high of $112.75.
Exponent (NASDAQ:EXPO – Get Rating) last issued its earnings results on Thursday, February 2nd. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.59 million during the quarter, compared to analysts’ expectations of $111.47 million. Exponent had a net margin of 19.94% and a return on equity of 30.00%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, research analysts forecast that Exponent, Inc. will post 2.08 EPS for the current fiscal year.
Exponent Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be given a dividend of $0.26 per share. This is a boost from Exponent’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, March 9th. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. Exponent’s payout ratio is presently 48.98%.
Exponent Company Profile
Exponent, Inc is an engineering and scientific consulting company, which engages in the provision of engineering, scientific, environmental, and health consulting services. It operates through the following segments: Engineering and Other Scientific and Environmental and Health. The Engineering and Other Scientific segment include technical consulting in different practices primarily in engineering.
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