Conestoga Capital Advisors LLC lifted its stake in Exponent, Inc. (NASDAQ:EXPO) by 13.8% in the 4th quarter, HoldingsChannel reports. The firm owned 973,140 shares of the business services provider’s stock after acquiring an additional 118,350 shares during the period. Exponent makes up 2.7% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 11th largest holding. Conestoga Capital Advisors LLC’s holdings in Exponent were worth $69,190,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Exponent by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,261,432 shares of the business services provider’s stock worth $131,841,000 after purchasing an additional 85,291 shares in the last quarter. State Street Corp increased its stake in shares of Exponent by 4.5% in the 2nd quarter. State Street Corp now owns 642,196 shares of the business services provider’s stock worth $37,436,000 after purchasing an additional 27,930 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Exponent by 43.8% in the 2nd quarter. Renaissance Technologies LLC now owns 530,700 shares of the business services provider’s stock worth $30,940,000 after purchasing an additional 161,600 shares in the last quarter. GW&K Investment Management LLC increased its stake in shares of Exponent by 17.9% in the 4th quarter. GW&K Investment Management LLC now owns 496,857 shares of the business services provider’s stock worth $35,327,000 after purchasing an additional 75,277 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Exponent by 2.0% in the 2nd quarter. Northern Trust Corp now owns 478,610 shares of the business services provider’s stock worth $27,903,000 after purchasing an additional 9,593 shares in the last quarter. Hedge funds and other institutional investors own 88.61% of the company’s stock.

Shares of Exponent, Inc. (EXPO) traded up $1.10 during mid-day trading on Monday, reaching $73.55. The company’s stock had a trading volume of 71,000 shares, compared to its average volume of 78,831. Exponent, Inc. has a 1-year low of $55.75 and a 1-year high of $77.15. The stock has a market cap of $1,898.38, a price-to-earnings ratio of 35.88 and a beta of 0.57.

EXPO has been the subject of several analyst reports. Cantor Fitzgerald upped their price objective on Exponent to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 19th. BidaskClub upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Friday, October 20th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $77.00 price target on shares of Exponent in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $80.00.

COPYRIGHT VIOLATION NOTICE: “Conestoga Capital Advisors LLC Has $69.19 Million Stake in Exponent, Inc. (EXPO)” was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.watchlistnews.com/conestoga-capital-advisors-llc-has-69-19-million-stake-in-exponent-inc-expo/1818534.html.

Exponent 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.

Want to see what other hedge funds are holding EXPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exponent, Inc. (NASDAQ:EXPO).

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.