Exponent, Inc. (EXPO) Holdings Reduced by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,534 shares of the business services provider’s stock after selling 197 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.06% of Exponent worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Exponent by 2.3% during the second quarter. Principal Financial Group Inc. now owns 210,098 shares of the business services provider’s stock worth $12,249,000 after buying an additional 4,794 shares during the period. Victory Capital Management Inc. boosted its stake in Exponent by 17.7% during the second 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 period. BNP Paribas Arbitrage SA boosted its stake in Exponent by 68.9% during the second quarter. BNP Paribas Arbitrage SA now owns 8,731 shares of the business services provider’s stock worth $509,000 after buying an additional 3,562 shares during the period. Legal & General Group Plc boosted its stake in Exponent by 9.3% during the second quarter. Legal & General Group Plc now owns 50,587 shares of the business services provider’s stock worth $2,948,000 after buying an additional 4,318 shares during the period. Finally, Alps Advisors Inc. boosted its stake in Exponent by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock worth $478,000 after buying an additional 21 shares during the period. 88.26% of the stock is owned by institutional investors.

In other Exponent news, CEO Paul R. Johnston sold 4,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $67.74, for a total value of $270,960.00. Following the sale, the chief executive officer now owns 53,240 shares of the company’s stock, valued at approximately $3,606,477.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sally Shepard sold 1,255 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $65.37, for a total value of $82,039.35. Following the completion of the sale, 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. Insiders sold a total of 59,950 shares of company stock worth $3,933,076 in the last ninety days. 2.80% of the stock is owned by corporate insiders.

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Shares of Exponent, Inc. (NASDAQ EXPO) opened at 69.65 on Tuesday. The stock’s 50 day moving average price is $65.98 and its 200 day moving average price is $61.09. The company has a market capitalization of $1.80 billion, a P/E ratio of 36.11 and a beta of 0.62. Exponent, Inc. has a 52-week low of $48.42 and a 52-week high of $69.95.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. The company had revenue of $84.10 million for the quarter, compared to analyst estimates of $79.30 million. Exponent had a return on equity of 16.52% and a net margin of 15.94%. Exponent’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, equities research analysts forecast that Exponent, Inc. will post $1.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, August 30th. Exponent’s dividend payout ratio is currently 43.52%.

Several research analysts have commented on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $75.00 price objective on shares of Exponent in a research note on Thursday, August 31st. ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Thursday, July 20th. Finally, BidaskClub raised shares of Exponent from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th.

Exponent 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)

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