California State Teachers Retirement System cut its position in Exponent, Inc. (NASDAQ:EXPO) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,468 shares of the business services provider’s stock after selling 4,874 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Exponent worth $2,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its stake in Exponent by 89.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 897 shares during the period. Advisor Group Inc. boosted its stake in Exponent by 15.4% in the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 284 shares during the period. Victory Capital Management Inc. boosted its stake in Exponent by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,157 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 474 shares during the period. Bank of Montreal Can boosted its stake in Exponent by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 22 shares during the period. Finally, Sei Investments Co. boosted its stake in Exponent by 28.8% in the 2nd quarter. Sei Investments Co. now owns 3,392 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 759 shares during the period. Institutional investors and hedge funds own 88.85% of the company’s stock.

In other news, CEO Paul R. Johnston sold 3,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $74.01, for a total transaction of $222,030.00. Following the completion of the sale, the chief executive officer now directly owns 32,342 shares in the company, valued at approximately $2,393,631.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Paul R. Johnston sold 5,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $64.41, for a total value of $322,050.00. Following the sale, the chief executive officer now owns 66,335 shares of the company’s stock, valued at $4,272,637.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,993 shares of company stock valued at $3,326,475. Corporate insiders own 2.80% of the company’s stock.

Several analysts recently issued reports on EXPO shares. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Friday, October 20th. Cantor Fitzgerald boosted their price target on Exponent to $82.00 and gave the company an “overweight” rating in a research note on Thursday, October 19th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $77.00 target price on shares of Exponent in a research report on Thursday, October 19th. Finally, ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Exponent has a consensus rating of “Hold” and a consensus price target of $80.00.

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Shares of Exponent, Inc. (EXPO) opened at $71.05 on Friday. The firm has a market capitalization of $1,829.98, a price-to-earnings ratio of 38.74 and a beta of 0.58. Exponent, Inc. has a 1 year low of $55.75 and a 1 year high of $77.15.

Exponent (NASDAQ:EXPO) last released its earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $87.60 million during the quarter, compared to the consensus estimate of $79.69 million. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. equities analysts expect that Exponent, Inc. will post 2.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.18%. Exponent’s payout ratio is 40.98%.

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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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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