Russell Investments Group Ltd. Decreases Holdings in Exponent, Inc. (NASDAQ:EXPO)

Russell Investments Group Ltd. trimmed its holdings in shares of Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,244 shares of the business services provider’s stock after selling 884 shares during the period. Russell Investments Group Ltd.’s holdings in Exponent were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EXPO. American Century Companies Inc. lifted its holdings in Exponent by 17.2% during the 1st quarter. American Century Companies Inc. now owns 5,865 shares of the business services provider’s stock worth $634,000 after buying an additional 859 shares during the last quarter. MetLife Investment Management LLC increased its position in Exponent by 55.0% in the 1st quarter. MetLife Investment Management LLC now owns 27,848 shares of the business services provider’s stock valued at $3,009,000 after acquiring an additional 9,879 shares during the period. Rhumbline Advisers increased its position in Exponent by 4.3% in the 1st quarter. Rhumbline Advisers now owns 151,520 shares of the business services provider’s stock valued at $16,372,000 after acquiring an additional 6,235 shares during the period. Raymond James Trust N.A. increased its position in Exponent by 12.5% in the 1st quarter. Raymond James Trust N.A. now owns 6,573 shares of the business services provider’s stock valued at $710,000 after acquiring an additional 728 shares during the period. Finally, Sei Investments Co. increased its position in Exponent by 21.2% in the 1st quarter. Sei Investments Co. now owns 69,519 shares of the business services provider’s stock valued at $7,545,000 after acquiring an additional 12,174 shares during the period. 91.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exponent

In related news, VP Joseph Rakow sold 1,388 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $86.59, for a total value of $120,186.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Joseph Rakow sold 1,388 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $86.59, for a total value of $120,186.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Harri Kytomaa sold 350 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $103.24, for a total value of $36,134.00. Following the completion of the sale, the vice president now directly owns 12,064 shares in the company, valued at approximately $1,245,487.36. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EXPO shares. StockNews.com began coverage on Exponent in a research report on Thursday. They set a “hold” rating on the stock. TheStreet cut Exponent from a “b” rating to a “c+” rating in a report on Wednesday.

Exponent Price Performance

EXPO opened at $88.72 on Monday. The stock has a market cap of $4.51 billion, a P/E ratio of 45.27 and a beta of 0.64. The stock’s 50 day simple moving average is $94.82 and its 200 day simple moving average is $99.54. Exponent, Inc. has a 1-year low of $80.97 and a 1-year high of $112.75.

Exponent (NASDAQ:EXPO – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. The business had revenue of $140.30 million for the quarter, compared to analysts’ expectations of $127.17 million. Exponent had a return on equity of 30.86% and a net margin of 19.39%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. Research analysts expect that Exponent, Inc. will post 2.1 EPS for the current fiscal year.

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, June 8th. Exponent’s payout ratio is currently 53.06%.

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 Engineering and Other Scientific, and Environmental and Health segments. The Engineering and Other Scientific segment includes technical consulting in different practices primarily in engineering.