2 weeks Ago By ABMN Staff
Hsbc Holdings PLC lowered its stake in Exponent, Inc. ( NASDAQ:EXPO – Free Report ) by 23.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 11,408 shares of the business services provider’s stock after selling 3,563 shares during the period. Hsbc Holdings PLC’s holdings in Exponent were worth $1,091,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in EXPO.
Inspire Advisors LLC lifted its position in shares of Exponent by 1.3% in the 2nd quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider’s stock worth $724,000 after acquiring an additional 98 shares during the period.
Caprock Group LLC increased its holdings in Exponent by 4.2% during the 2nd quarter. Caprock Group LLC now owns 3,296 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 134 shares in the last quarter.
GAMMA Investing LLC increased its holdings in Exponent by 67.7% during the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter.
Retirement Systems of Alabama increased its holdings in Exponent by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock valued at $5,256,000 after purchasing an additional 167 shares in the last quarter.
Finally, Raymond James Trust N.A. increased its holdings in Exponent by 2.
8% during the 2nd quarter. Raymond James Trust N.A.
now owns 6,230 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.
Insider Transactions at Exponent In other news, VP John Pye sold 3,956 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $105.00, for a total value of $415,380.
00. Following the transaction, the vice president now directly owns 28,422 shares in the company, valued at approximately $2,984,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
2.10% of the stock is owned by corporate insiders. Exponent Stock Performance Exponent ( NASDAQ:EXPO – Get Free Report ) last released its earnings results on Thursday, July 25th.
The business services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.
07. The company had revenue of $132.43 million during the quarter, compared to analysts’ expectations of $130.
83 million. Exponent had a return on equity of 28.39% and a net margin of 19.
35%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis.
During the same period last year, the firm earned $0.50 EPS. Equities research analysts forecast that Exponent, Inc.
will post 2.04 earnings per share for the current fiscal year. Exponent Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, September 20th.
Stockholders of record on Friday, September 6th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 6th.
This represents a $1.12 annualized dividend and a dividend yield of 0.99%.
Exponent’s dividend payout ratio is currently 56.57%. Wall Street Analyst Weigh In Separately, Truist Financial reaffirmed a “buy” rating and set a $120.
00 price target (up from $100.00) on shares of Exponent in a report on Friday, July 26th. View Our Latest Research Report on EXPO About Exponent ( Free Report ) Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally.
The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering. Further Reading 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 – Free Report ). 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.
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