Rice Hall James & Associates LLC Trims Position in Exponent, Inc. (NASDAQ:EXPO)

Rice Hall James & Associates LLC lessened its stake in Exponent, Inc. (NASDAQ:EXPO) by 6.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 36,855 shares of the business services provider’s stock after selling 2,355 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Exponent were worth $2,157,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan increased its stake in Exponent by 1.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,400 shares of the business services provider’s stock worth $902,000 after buying an additional 150 shares during the period. Clarus Wealth Advisors increased its stake in Exponent by 5.1% in the 2nd quarter. Clarus Wealth Advisors now owns 4,022 shares of the business services provider’s stock worth $235,000 after buying an additional 194 shares during the period. State of Alaska Department of Revenue increased its stake in Exponent by 1.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 17,668 shares of the business services provider’s stock worth $1,034,000 after buying an additional 313 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Exponent by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,144 shares of the business services provider’s stock worth $1,163,000 after buying an additional 364 shares during the period. Finally, Mason Street Advisors LLC increased its stake in Exponent by 2.4% in the 1st quarter. Mason Street Advisors LLC now owns 16,539 shares of the business services provider’s stock worth $955,000 after buying an additional 387 shares during the period. 88.68% of the stock is currently owned by institutional investors.

In other news, insider John Pye sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $70.31, for a total value of $210,930.00. Following the sale, the insider now directly owns 25,747 shares in the company, valued at approximately $1,810,271.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Harri Kytomaa sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.09, for a total transaction of $140,180.00. Following the completion of the sale, the insider now owns 9,399 shares in the company, valued at $658,775.91. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.



Several research analysts recently commented on the stock. Cantor Fitzgerald raised their price target on shares of Exponent from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. William Blair reaffirmed a “market perform” rating on shares of Exponent in a research note on Monday, April 22nd. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “strong-buy” rating and set a $76.00 price target on the stock in a research note on Monday, July 22nd. SunTrust Banks set a $70.00 price target on shares of Exponent and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, ValuEngine downgraded shares of Exponent from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $73.00.

NASDAQ EXPO traded up $0.40 during trading on Friday, reaching $70.45. 1,793 shares of the company’s stock traded hands, compared to its average volume of 240,012. 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 has a market cap of $3.65 billion, a price-to-earnings ratio of 56.41 and a beta of 0.43. The company’s 50 day simple moving average is $64.37 and its two-hundred day simple moving average is $58.37. Exponent, Inc. has a 12-month low of $44.44 and a 12-month high of $70.92.

Exponent (NASDAQ:EXPO) last posted 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 for the quarter, compared to the consensus estimate of $95.77 million. Exponent had a net margin of 19.64% and a return on equity of 23.44%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Research analysts expect that Exponent, Inc. will post 1.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, September 5th. Exponent’s dividend payout ratio (DPR) is 51.20%.

Exponent Company Profile

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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