Argent Capital Management LLC lessened its holdings in Exponent, Inc. (NASDAQ:EXPO) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,995 shares of the business services provider’s stock after selling 275 shares during the period. Argent Capital Management LLC’s holdings in Exponent were worth $389,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Graves Light Private Wealth Management Inc. acquired a new stake in shares of Exponent in the 4th quarter valued at approximately $46,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Exponent by 47.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 595 shares of the business services provider’s stock worth $54,000 after buying an additional 191 shares in the last quarter. CI Investments Inc. lifted its stake in shares of Exponent by 126.3% in the 4th quarter. CI Investments Inc. now owns 835 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 466 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Exponent by 12.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,356 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 155 shares in the last quarter. Finally, Veriti Management LLC bought a new stake in Exponent during the 4th quarter worth $142,000. 89.50% of the stock is owned by hedge funds and other institutional investors.
In other Exponent news, VP Bradley A. James sold 3,120 shares of the stock in a transaction that occurred on Thursday, May 27th. The shares were sold at an average price of $91.29, for a total transaction of $284,824.80. Following the completion of the sale, the vice president now owns 4,222 shares of the company’s stock, valued at approximately $385,426.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, April 29th. The business services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.16. The business had revenue of $109.58 million during the quarter, compared to the consensus estimate of $101.81 million. Exponent had a return on equity of 24.63% and a net margin of 21.23%. As a group, analysts expect that Exponent, Inc. will post 1.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Friday, June 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.90%. Exponent’s dividend payout ratio (DPR) is 51.61%.
Separately, Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Tuesday, May 4th.
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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