Louisiana State Employees Retirement System Buys 100 Shares of Exponent, Inc. (NASDAQ:EXPO)
Louisiana State Employees Retirement System increased its stake in Exponent, Inc. (NASDAQ:EXPO) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 10,500 shares of the business services provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Exponent were worth $612,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Exponent during the first quarter valued at about $123,000. Ameritas Investment Partners Inc. bought a new position in Exponent during the first quarter valued at about $132,000. Victory Capital Management Inc. raised its position 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 buying an additional 226 shares during the last quarter. State of Alaska Department of Revenue raised its position in Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock valued at $168,000 after buying an additional 20 shares during the last quarter. Finally, Bank of Montreal Can raised its position 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 buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.
Exponent, Inc. (NASDAQ EXPO) traded up 1.428% during midday trading on Tuesday, reaching $67.855. The company’s stock had a trading volume of 32,266 shares. Exponent, Inc. has a 12-month low of $48.42 and a 12-month high of $68.30. The company’s 50-day moving average is $60.42 and its 200 day moving average is $59.43. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 35.176 and a beta of 0.62.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The company had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Equities analysts forecast that Exponent, Inc. will post $1.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.26%. Exponent’s dividend payout ratio is 43.52%.
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EXPO has been the topic of several recent research reports. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, June 29th. Cantor Fitzgerald restated a “buy” rating and set a $75.00 price target (up from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, BidaskClub cut Exponent from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th.
In other news, CEO Paul R. Johnston sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $65.94, for a total transaction of $329,700.00. Following the transaction, the chief executive officer now owns 66,335 shares of the company’s stock, valued at $4,374,129.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sally Shepard sold 1,255 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $65.37, for a total value of $82,039.35. Following the transaction, the insider now directly owns 1,560 shares in the company, valued at approximately $101,977.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,855 shares of company stock worth $646,027. Insiders own 2.80% of the company’s stock.
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.
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