Hsbc Holdings PLC Reduces Holdings in Exponent, Inc. (NASDAQ:EXPO)

Hsbc Holdings PLC lessened its position in shares of Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,615 shares of the business services provider’s stock after selling 1,452 shares during the period. Hsbc Holdings PLC’s holdings in Exponent were worth $945,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EXPO. Raymond James & Associates lifted its position in shares of Exponent by 112.4% during the 3rd quarter. Raymond James & Associates now owns 438,132 shares of the business services provider’s stock valued at $38,411,000 after buying an additional 231,882 shares during the last quarter. Millennium Management LLC lifted its holdings in Exponent by 86.6% during the 2nd quarter. Millennium Management LLC now owns 379,297 shares of the business services provider’s stock worth $34,694,000 after purchasing an additional 176,062 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Exponent by 30.4% during the 2nd quarter. Wells Fargo & Company MN now owns 753,957 shares of the business services provider’s stock worth $68,964,000 after purchasing an additional 175,563 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Exponent by 541.1% during the 2nd quarter. Renaissance Technologies LLC now owns 194,900 shares of the business services provider’s stock worth $17,828,000 after purchasing an additional 164,500 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Exponent by 550.2% during the 2nd quarter. Citadel Advisors LLC now owns 172,567 shares of the business services provider’s stock worth $15,785,000 after purchasing an additional 146,028 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Exponent Stock Performance

Shares of EXPO opened at $104.21 on Friday. The stock’s 50-day simple moving average is $102.72 and its 200 day simple moving average is $98.37. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 53.17 and a beta of 0.65. Exponent, Inc. has a 52-week low of $80.97 and a 52-week high of $112.75.

Exponent (NASDAQ:EXPO – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.59 million for the quarter, compared to analysts’ expectations of $111.47 million. Exponent had a return on equity of 30.00% and a net margin of 19.94%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, research analysts forecast that Exponent, Inc. will post 2.08 earnings per share for the current fiscal year.

Exponent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a dividend of $0.26 per share. This is a boost from Exponent’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, March 9th. This represents a $1.04 dividend on an annualized basis and a yield of 1.00%. Exponent’s dividend payout ratio is 48.98%.

Insider Buying and Selling

In other Exponent news, VP Harri Kytomaa sold 350 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $106.00, for a total value of $37,100.00. Following the transaction, the vice president now directly owns 13,114 shares in the company, valued at approximately $1,390,084. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Exponent news, VP Steven J. Murray sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $106.78, for a total value of $106,780.00. Following the transaction, the vice president now directly owns 24,958 shares in the company, valued at approximately $2,665,015.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Harri Kytomaa sold 350 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $106.00, for a total value of $37,100.00. Following the completion of the transaction, the vice president now owns 13,114 shares in the company, valued at $1,390,084. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,275 shares of company stock valued at $455,120. Corporate insiders own 2.00% of the company’s stock.

Exponent Profile

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Exponent, Inc is an engineering and scientific consulting company, which engages in the provision of engineering, scientific, environmental, and health consulting services. It operates through the following segments: Engineering and Other Scientific and Environmental and Health. The Engineering and Other Scientific segment include technical consulting in different practices primarily in engineering.