Man Group plc Buys 4,153 Shares of Exponent, Inc. (NASDAQ:EXPO)

Man Group plc boosted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,243 shares of the business services provider’s stock after purchasing an additional 4,153 shares during the quarter. Man Group plc owned about 0.45% of Exponent worth $20,515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Exponent in the fourth quarter valued at about $55,131,000. Norges Bank acquired a new position in Exponent in the fourth quarter valued at about $52,381,000. Resona Asset Management Co. Ltd. acquired a new position in Exponent in the fourth quarter valued at about $38,538,000. BLI Banque de Luxembourg Investments acquired a new position in Exponent in the fourth quarter valued at about $12,564,000. Finally, Barclays PLC raised its stake in Exponent by 88.5% in the fourth quarter. Barclays PLC now owns 181,921 shares of the business services provider’s stock valued at $16,209,000 after purchasing an additional 85,395 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity

In other news, VP Richard Reiss sold 1,736 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the transaction, the vice president now owns 1,800 shares of the company’s stock, valued at $154,674. This represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Exponent Stock Up 1.0%

EXPO stock opened at $80.05 on Friday. The company has a market cap of $4.06 billion, a PE ratio of 37.76 and a beta of 0.95. The business has a 50-day simple moving average of $79.27 and a 200 day simple moving average of $87.85. Exponent, Inc. has a 52 week low of $73.37 and a 52 week high of $115.75.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $137.44 million during the quarter, compared to the consensus estimate of $134.63 million. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. On average, analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, June 6th. Exponent’s dividend payout ratio is currently 58.54%.

About Exponent

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.