First Quadrant L P CA Has $2,565,000 Stake in Exponent, Inc. (EXPO)
First Quadrant L P CA held its position in shares of Exponent, Inc. (NASDAQ:EXPO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,000 shares of the business services provider’s stock at the end of the second quarter. First Quadrant L P CA owned approximately 0.17% of Exponent worth $2,565,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in shares of Exponent during the first quarter valued at about $123,000. Ameritas Investment Partners Inc. bought a new stake in shares of Exponent during the first quarter valued at about $132,000. Victory Capital Management Inc. raised its stake in shares of Exponent by 9.2% in the first quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock valued at $160,000 after buying an additional 226 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock valued at $168,000 after buying an additional 20 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Exponent by 0.7% in the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after buying an additional 22 shares during the last quarter. 90.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exponent, Inc. (EXPO) traded down 1.01% on Friday, hitting $63.85. 90,699 shares of the stock traded hands. The stock’s 50 day moving average price is $62.98 and its 200 day moving average price is $60.12. The stock has a market cap of $1.65 billion, a P/E ratio of 33.10 and a beta of 0.62. Exponent, Inc. has a 52-week low of $48.42 and a 52-week high of $68.30.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.41 by $0.10. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The company had revenue of $84.10 million during the quarter, compared to analysts’ expectations of $79.30 million. During the same quarter in the previous year, the business earned $0.38 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that Exponent, Inc. will post $1.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Wednesday, August 30th. Exponent’s payout ratio is currently 43.52%.
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EXPO has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $69.00 price objective (up from $64.00) on shares of Exponent in a report on Saturday, April 22nd. BidaskClub downgraded shares of Exponent from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Exponent from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th.
In other news, insider Sally Shepard sold 1,255 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $65.37, for a total value of $82,039.35. Following the completion of the sale, the insider now directly owns 1,560 shares in the company, valued at approximately $101,977.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Pye sold 3,600 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $65.08, for a total value of $234,288.00. Following the completion of the sale, the insider now owns 14,767 shares of the company’s stock, valued at $961,036.36. The disclosure for this sale can be found here. Insiders have sold a total of 41,855 shares of company stock valued at $2,747,452 in the last quarter. Company insiders own 2.80% of the company’s stock.
Exponent Company Profile
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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