Inspire Advisors LLC Sells 336 Shares of Exponent, Inc. (NASDAQ:EXPO)

Inspire Advisors LLC lessened its stake in Exponent, Inc. (NASDAQ:EXPO) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,279 shares of the business services provider’s stock after selling 336 shares during the period. Inspire Advisors LLC’s holdings in Exponent were worth $839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Exponent by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 4,995,605 shares of the business services provider’s stock worth $439,813,000 after buying an additional 19,795 shares during the last quarter. Quadrature Capital Ltd lifted its stake in shares of Exponent by 56.9% in the 4th quarter. Quadrature Capital Ltd now owns 3,847 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 1,395 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of Exponent during the 4th quarter valued at about $262,000. Mather Group LLC. acquired a new stake in Exponent during the first quarter worth approximately $132,000. Finally, Bridge City Capital LLC increased its holdings in Exponent by 24.9% in the first quarter. Bridge City Capital LLC now owns 35,299 shares of the business services provider’s stock worth $2,919,000 after purchasing an additional 7,032 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity at Exponent

In other Exponent news, VP John Pye sold 3,956 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total transaction of $415,380.00. Following the transaction, the vice president now owns 28,422 shares in the company, valued at approximately $2,984,310. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Truist Financial reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $100.00) on shares of Exponent in a research report on Friday, July 26th.

Exponent Trading Down 0.4 %

Shares of NASDAQ EXPO opened at $112.90 on Friday. The firm has a market capitalization of $5.72 billion, a P/E ratio of 57.02 and a beta of 0.66. The firm’s 50-day moving average price is $108.81 and its 200-day moving average price is $99.13. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $115.75.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $132.43 million for the quarter, compared to the consensus estimate of $130.83 million. Exponent had a return on equity of 28.39% and a net margin of 19.35%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. Equities research analysts forecast that Exponent, Inc. will post 2.04 EPS for the current year.

Exponent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 6th. Exponent’s dividend payout ratio is currently 56.57%.

Exponent Profile

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.