Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Holdings in Exponent, Inc. (EXPO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Exponent, Inc. (NASDAQ:EXPO) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,423 shares of the business services provider’s stock after purchasing an additional 1,421 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Exponent were worth $666,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Bank of Montreal Can bought a new position in Exponent in the 2nd quarter worth about $341,000. Texas Permanent School Fund boosted its holdings in shares of Exponent by 96.8% in the second quarter. Texas Permanent School Fund now owns 33,567 shares of the business services provider’s stock valued at $1,621,000 after acquiring an additional 16,508 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Exponent by 109.3% in the second quarter. Aperio Group LLC now owns 23,980 shares of the business services provider’s stock valued at $1,158,000 after acquiring an additional 12,521 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Exponent by 101.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 124,715 shares of the business services provider’s stock valued at $6,024,000 after acquiring an additional 62,681 shares in the last quarter. Finally, Alps Advisors Inc. bought a new position in shares of Exponent in the second quarter valued at approximately $478,000. 88.13% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Harri Kytomaa sold 3,000 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $51.50, for a total transaction of $154,500.00. Following the completion of the sale, the vice president now directly owns 6,090 shares of the company’s stock, valued at $313,635. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on EXPO shares. BidaskClub cut shares of Exponent from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. Berenberg Bank started coverage on shares of Exponent in a report on Wednesday, September 12th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Monday, October 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $45.00.

Exponent stock opened at $48.69 on Friday. The company has a market capitalization of $2.50 billion, a PE ratio of 45.50 and a beta of 0.61. Exponent, Inc. has a 12-month low of $34.90 and a 12-month high of $54.58.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, October 18th. The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. Exponent had a net margin of 13.98% and a return on equity of 20.92%. The business had revenue of $88.71 million during the quarter, compared to analyst estimates of $88.52 million. During the same period in the prior year, the business earned $0.27 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that Exponent, Inc. will post 1.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, December 6th. Exponent’s dividend payout ratio is presently 48.60%.

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Exponent Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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