Northern Trust Corp raised its stake in Exponent, Inc. (NASDAQ:EXPO) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 478,610 shares of the business services provider’s stock after purchasing an additional 9,593 shares during the period. Northern Trust Corp owned 1.81% of Exponent worth $27,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXPO. Riverhead Capital Management LLC increased its stake in Exponent by 89.7% in the second 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 in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Exponent in the first quarter valued at $132,000. Victory Capital Management Inc. increased its stake in Exponent by 9.2% in the first quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 226 shares in the last quarter. Bank of Montreal Can increased its stake in Exponent by 0.7% in the second 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 in the last quarter. Finally, Sei Investments Co. increased its stake in Exponent by 28.8% in the second 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 in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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In other Exponent news, insider John Pye sold 3,600 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $65.08, for a total transaction of $234,288.00. Following the completion of the sale, the insider now directly owns 14,767 shares in the company, valued at approximately $961,036.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Harri Kytomaa sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $66.38, for a total transaction of $796,560.00. Following the sale, the insider now owns 11,360 shares of the company’s stock, valued at $754,076.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,593 shares of company stock valued at $5,343,437. 2.80% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of Exponent to $82.00 and gave the company an “overweight” rating in a research note on Thursday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $77.00 price objective on shares of Exponent in a report on Thursday. Zacks Investment Research cut shares of Exponent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, BidaskClub upgraded shares of Exponent from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $77.67.

Exponent, Inc. (NASDAQ EXPO) opened at 72.05 on Friday. Exponent, Inc. has a one year low of $53.45 and a one year high of $77.15. The stock’s 50 day moving average is $72.60 and its 200-day moving average is $64.11. The firm has a market capitalization of $1.86 billion, a PE ratio of 37.35 and a beta of 0.61.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The company had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. Exponent had a net margin of 16.46% and a return on equity of 17.48%. Exponent’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, analysts anticipate that Exponent, Inc. will post $1.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a $0.21 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.17%. 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.

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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