Hsbc Holdings PLC lessened its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,511 shares of the business services provider’s stock after selling 421 shares during the period. Hsbc Holdings PLC’s holdings in Exponent were worth $685,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Bremer Trust National Association bought a new position in Exponent during the 4th quarter valued at about $55,000. First Hawaiian Bank increased its holdings in Exponent by 133.5% in the 4th quarter. First Hawaiian Bank now owns 1,102 shares of the business services provider’s stock worth $56,000 after acquiring an additional 630 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Exponent in the 4th quarter worth approximately $132,000. We Are One Seven LLC purchased a new stake in Exponent in the 4th quarter worth approximately $134,000. Finally, LS Investment Advisors LLC increased its holdings in Exponent by 93.1% in the 4th quarter. LS Investment Advisors LLC now owns 2,723 shares of the business services provider’s stock worth $138,000 after acquiring an additional 1,313 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Exponent stock opened at $57.43 on Wednesday. The company has a market capitalization of $2.95 billion, a P/E ratio of 45.94 and a beta of 0.47. Exponent, Inc. has a 12-month low of $38.17 and a 12-month high of $58.29.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, January 31st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Exponent had a net margin of 19.04% and a return on equity of 21.53%. The company had revenue of $85.27 million during the quarter, compared to analyst estimates of $88.21 million. As a group, analysts predict that Exponent, Inc. will post 1.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.11%. This is an increase from Exponent’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, March 7th. Exponent’s dividend payout ratio is presently 51.20%.

In other Exponent news, insider Harri Kytomaa sold 2,366 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $56.27, for a total value of $133,134.82. Following the completion of the transaction, the insider now directly owns 3,816 shares in the company, valued at approximately $214,726.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Exponent from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research lowered shares of Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Cantor Fitzgerald reissued a “buy” rating and issued a $56.00 target price on shares of Exponent in a report on Friday, February 1st. Finally, ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $56.00.

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About Exponent

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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