JPMorgan Chase & Co. lessened its stake in Exponent, Inc. (NASDAQ:EXPO) by 79.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,700 shares of the business services provider’s stock after selling 45,655 shares during the quarter. JPMorgan Chase & Co.’s holdings in Exponent were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverhead Capital Management LLC raised its position in shares of Exponent by 89.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock worth $111,000 after purchasing an additional 897 shares during the last quarter. Advisor Group Inc. raised its position in shares of Exponent by 15.4% in the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock worth $124,000 after purchasing an additional 284 shares during the last quarter. Victory Capital Management Inc. raised its position in Exponent by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,157 shares of the business services provider’s stock worth $184,000 after buying an additional 474 shares during the last quarter. Pinebridge Investments L.P. raised its position in Exponent by 2.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock worth $199,000 after buying an additional 70 shares during the last quarter. Finally, Amalgamated Bank raised its position in Exponent by 5.1% in the 2nd quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock worth $207,000 after buying an additional 171 shares during the last quarter. 88.58% of the stock is owned by hedge funds and other institutional investors.

Exponent, Inc. (NASDAQ EXPO) opened at $71.80 on Friday. Exponent, Inc. has a 52-week low of $55.75 and a 52-week high of $77.15. The firm has a market capitalization of $1,853.23, a PE ratio of 39.23 and a beta of 0.57.

Exponent (NASDAQ:EXPO) last issued its earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The business had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. During the same quarter in the previous year, the firm earned $0.42 EPS. Exponent’s revenue was up 12.9% on a year-over-year basis. analysts anticipate that Exponent, Inc. will post 2.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 30th. Exponent’s dividend payout ratio (DPR) is 40.98%.

A number of brokerages have weighed in on EXPO. BidaskClub lowered Exponent from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Zacks Investment Research lowered Exponent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Cantor Fitzgerald reissued a “buy” rating and issued a $82.00 target price on shares of Exponent in a research report on Sunday, November 5th. Finally, SunTrust Banks reissued a “hold” rating and issued a $77.00 target price on shares of Exponent in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $80.00.

TRADEMARK VIOLATION WARNING: This news story was reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2018/01/14/exponent-inc-expo-stake-lessened-by-jpmorgan-chase-co.html.

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.

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).

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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.com's FREE daily email newsletter.