Yousif Capital Management LLC Sells 764 Shares of Exponent, Inc. (NASDAQ:EXPO)

Yousif Capital Management LLC reduced its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 4.1% in the fourth quarter, Holdings Channel reports. The fund owned 17,942 shares of the business services provider’s stock after selling 764 shares during the quarter. Yousif Capital Management LLC’s holdings in Exponent were worth $1,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPO. JPMorgan Chase & Co. lifted its stake in Exponent by 63.6% in the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider’s stock valued at $72,701,000 after purchasing an additional 245,086 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Exponent in the third quarter valued at $11,261,000. Geode Capital Management LLC lifted its position in shares of Exponent by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider’s stock valued at $173,597,000 after buying an additional 69,099 shares during the last quarter. Barclays PLC lifted its position in shares of Exponent by 219.0% during the 3rd quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock valued at $11,127,000 after buying an additional 66,263 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in shares of Exponent by 21.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 280,090 shares of the business services provider’s stock worth $32,289,000 after acquiring an additional 48,859 shares during the period. 92.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Paul R. Johnston sold 1,300 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $95.03, for a total transaction of $123,539.00. Following the sale, the director now directly owns 59,406 shares in the company, valued at $5,645,352.18. This represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.

Exponent Stock Performance

Shares of Exponent stock opened at $90.52 on Thursday. The stock has a market capitalization of $4.59 billion, a P/E ratio of 42.70 and a beta of 0.71. Exponent, Inc. has a 52-week low of $74.30 and a 52-week high of $115.75. The stock’s 50-day simple moving average is $91.53 and its 200 day simple moving average is $100.38.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.76%. During the same period in the prior year, the business earned $0.41 earnings per share. Equities research analysts forecast that Exponent, Inc. will post 2.11 EPS for the current fiscal year.

Exponent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.30 per share. This is a boost from Exponent’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.33%. Exponent’s payout ratio is presently 52.83%.

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.