Exponent, Inc. (EXPO) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund trimmed its holdings in Exponent, Inc. (NASDAQ:EXPO) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,447 shares of the business services provider’s stock after selling 1,383 shares during the quarter. Texas Permanent School Fund owned about 0.07% of Exponent worth $1,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisor Group Inc. lifted its stake in Exponent by 15.4% in the second quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after buying an additional 284 shares during the last quarter. Trexquant Investment LP purchased a new stake in Exponent in the third quarter valued at approximately $224,000. Cubist Systematic Strategies LLC purchased a new stake in Exponent in the third quarter valued at approximately $242,000. Stifel Financial Corp purchased a new stake in shares of Exponent during the third quarter worth approximately $249,000. Finally, Amalgamated Bank raised its stake in shares of Exponent by 5.1% during the second quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock worth $207,000 after purchasing an additional 171 shares during the last quarter. 88.97% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on EXPO shares. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Tuesday, January 23rd. BidaskClub upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Cantor Fitzgerald upped their price target on Exponent to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 19th. Finally, SunTrust Banks upgraded Exponent from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $82.67.

Exponent, Inc. (NASDAQ EXPO) opened at $72.10 on Tuesday. The stock has a market capitalization of $1,860.95, a price-to-earnings ratio of 37.75 and a beta of 0.72. Exponent, Inc. has a 52-week low of $56.43 and a 52-week high of $78.39.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The firm had revenue of $82.72 million during the quarter, compared to analysts’ expectations of $80.27 million. Exponent had a return on equity of 17.81% and a net margin of 11.88%. Exponent’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. analysts expect that Exponent, Inc. will post 2.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be given a $0.26 dividend. This is a boost from Exponent’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 1st. This represents a $1.04 annualized dividend and a yield of 1.44%. Exponent’s dividend payout ratio is presently 55.26%.

COPYRIGHT VIOLATION WARNING: This story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://ledgergazette.com/2018/02/13/exponent-inc-expo-shares-sold-by-texas-permanent-school-fund.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.

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.

Leave a Reply