State of Alaska Department of Revenue raised its stake in Exponent, Inc. (NASDAQ:EXPO) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,668 shares of the business services provider’s stock after acquiring an additional 313 shares during the quarter. State of Alaska Department of Revenue’s holdings in Exponent were worth $1,034,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. MML Investors Services LLC raised its holdings in Exponent by 14.0% in the 4th quarter. MML Investors Services LLC now owns 5,425 shares of the business services provider’s stock valued at $275,000 after acquiring an additional 665 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Exponent by 230.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,965 shares of the business services provider’s stock valued at $1,012,000 after acquiring an additional 13,923 shares during the period. California State Teachers Retirement System raised its holdings in Exponent by 2.1% in the 4th quarter. California State Teachers Retirement System now owns 80,783 shares of the business services provider’s stock valued at $4,097,000 after acquiring an additional 1,644 shares during the period. Advisor Group Inc. raised its holdings in Exponent by 147.0% in the 1st quarter. Advisor Group Inc. now owns 17,652 shares of the business services provider’s stock valued at $1,019,000 after acquiring an additional 10,505 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Exponent by 0.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 36,680 shares of the business services provider’s stock valued at $1,860,000 after acquiring an additional 247 shares during the period. 88.51% of the stock is currently owned by hedge funds and other institutional investors.
In other Exponent news, Director Carol Lindstrom sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $56.92, for a total value of $102,456.00. Following the sale, the director now owns 3,212 shares in the company, valued at $182,827.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.
Shares of NASDAQ EXPO traded up $1.03 during trading hours on Friday, hitting $68.37. 7,297 shares of the stock were exchanged, compared to its average volume of 199,594. The company has a current ratio of 3.60, a quick ratio of 4.22 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.51 billion, a P/E ratio of 54.76 and a beta of 0.44. The firm has a fifty day moving average of $59.95. Exponent, Inc. has a 1-year low of $44.44 and a 1-year high of $68.12.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.06. The business had revenue of $106.50 million for the quarter, compared to analyst estimates of $95.77 million. Exponent had a net margin of 19.64% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Equities analysts anticipate that Exponent, Inc. will post 1.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.64 annualized dividend and a dividend yield of 0.94%. Exponent’s dividend payout ratio is 51.20%.
EXPO has been the topic of several recent research reports. Cantor Fitzgerald set a $620.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, July 19th. SunTrust Banks set a $70.00 target price on shares of Exponent and gave the stock a “buy” rating in a report on Friday, July 19th. William Blair reaffirmed a “market perform” rating on shares of W W Grainger in a report on Monday, April 22nd. BidaskClub cut shares of Ames National from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Finally, Zacks Investment Research raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Exponent currently has an average rating of “Buy” and an average target price of $73.00.
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
Recommended Story: Preferred Stock
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.