Argent Capital Management LLC reduced its position in Exponent, Inc. (NASDAQ:EXPO) by 6.4% during the first quarter, HoldingsChannel reports. The fund owned 3,995 shares of the business services provider’s stock after selling 275 shares during the quarter. Argent Capital Management LLC’s holdings in Exponent were worth $389,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPO. Vestmark Advisory Solutions Inc. increased its stake in shares of Exponent by 55.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 23,114 shares of the business services provider’s stock worth $2,252,000 after purchasing an additional 8,283 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Exponent by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 51,922 shares of the business services provider’s stock valued at $4,675,000 after acquiring an additional 200 shares during the period. Intellectus Partners LLC bought a new stake in Exponent during the 4th quarter valued at $234,000. Swiss National Bank lifted its position in shares of Exponent by 1.0% during the first quarter. Swiss National Bank now owns 118,000 shares of the business services provider’s stock worth $11,499,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Exponent by 1.1% in the first quarter. Rhumbline Advisers now owns 163,454 shares of the business services provider’s stock worth $15,929,000 after acquiring an additional 1,799 shares during the period. 89.50% of the stock is currently owned by institutional investors and hedge funds.
In other Exponent news, VP Bradley A. James sold 3,120 shares of the firm’s stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of $91.29, for a total value of $284,824.80. Following 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 SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, April 29th. The business services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.16. Exponent had a net margin of 21.23% and a return on equity of 24.63%. The firm had revenue of $109.58 million during the quarter, compared to the consensus estimate of $101.81 million. On average, analysts forecast that Exponent, Inc. will post 1.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, June 11th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, June 10th. Exponent’s payout ratio is 51.61%.
Separately, Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a report 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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