OppenheimerFunds Inc. acquired a new position in shares of Exponent, Inc. (NASDAQ:EXPO) during the first quarter, Holdings Channel reports. The institutional investor acquired 4,385 shares of the business services provider’s stock, valued at approximately $261,000.
A number of other large investors also recently modified their holdings of EXPO. Advisory Services Network LLC bought a new stake in shares of Exponent during the first quarter worth about $123,000. Ameritas Investment Partners Inc. bought a new stake in shares of Exponent during the first quarter worth about $132,000. Victory Capital Management Inc. increased its stake in shares of Exponent by 9.2% in the first quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock worth $160,000 after buying an additional 226 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock worth $168,000 after buying an additional 20 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Exponent by 21.8% in the first quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock worth $192,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 90.10% of the company’s stock.
Exponent, Inc. (NASDAQ:EXPO) opened at 65.45 on Tuesday. The stock’s 50 day moving average price is $59.54 and its 200-day moving average price is $59.14. The company has a market cap of $1.73 billion, a PE ratio of 33.93 and a beta of 0.60. Exponent, Inc. has a 1-year low of $48.42 and a 1-year high of $68.30.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The firm had revenue of $84.10 million for the quarter, compared to analyst estimates of $79.30 million. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. On average, analysts forecast that Exponent, Inc. will post $1.90 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, August 30th. Exponent’s payout ratio is presently 43.52%.
A number of brokerages have issued reports on EXPO. Cantor Fitzgerald restated a “buy” rating and set a $75.00 price objective (up from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Zacks Investment Research downgraded Exponent from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded Exponent from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th.
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.
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