State of Alaska Department of Revenue increased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 126.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,038 shares of the business services provider’s stock after acquiring an additional 22,370 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.08% of Exponent worth $2,798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its position in Exponent by 787.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 612 shares of the business services provider’s stock worth $36,000 after buying an additional 543 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Exponent in the second quarter worth $91,000. Atria Investments LLC bought a new stake in shares of Exponent in the second quarter worth $115,000. Cim LLC bought a new stake in shares of Exponent in the second quarter worth $200,000. Finally, Clarus Wealth Advisors lifted its position in shares of Exponent by 5.1% in the second quarter. Clarus Wealth Advisors now owns 4,022 shares of the business services provider’s stock worth $235,000 after purchasing an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Exponent stock traded up $0.32 during trading hours on Wednesday, hitting $69.70. 118 shares of the stock traded hands, compared to its average volume of 229,888. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.60 and a quick ratio of 3.60. The firm’s 50 day moving average price is $70.15 and its 200-day moving average price is $62.30. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 55.95 and a beta of 0.41. Exponent, Inc. has a 1 year low of $44.44 and a 1 year high of $72.70.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, July 18th. The business services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $106.50 million during the quarter, compared to analysts’ expectations of $95.77 million. Exponent had a return on equity of 23.44% and a net margin of 19.64%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Research analysts forecast that Exponent, Inc. will post 1.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Thursday, September 5th. Exponent’s payout ratio is 51.20%.

EXPO has been the topic of a number of research reports. Cantor Fitzgerald boosted their price objective on shares of Exponent from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. SunTrust Banks boosted their price objective on shares of Exponent from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. BidaskClub lowered shares of Exponent from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. ValuEngine lowered shares of Exponent from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Exponent from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective on the stock in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.75.

In other Exponent news, CFO Richard L. Schlenker, Jr. sold 22,243 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $70.57, for a total value of $1,569,688.51. Following the completion of the transaction, the chief financial officer now directly owns 247,118 shares in the company, valued at approximately $17,439,117.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Harri Kytomaa sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $70.09, for a total value of $140,180.00. Following the completion of the transaction, the insider now owns 9,399 shares of the company’s stock, valued at $658,775.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,773 shares of company stock worth $7,227,536. Corporate insiders own 2.30% of the company’s stock.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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