Exponent, Inc. (EXPO) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in Exponent, Inc. (NASDAQ:EXPO) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,446 shares of the business services provider’s stock after purchasing an additional 1,846 shares during the period. California Public Employees Retirement System owned about 0.32% of Exponent worth $6,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Riverhead Capital Management LLC raised its holdings in Exponent by 89.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after buying an additional 897 shares during the last quarter. Advisor Group Inc. raised its holdings in Exponent by 15.4% in the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after buying an additional 284 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Exponent by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,157 shares of the business services provider’s stock valued at $184,000 after buying an additional 474 shares during the last quarter. Sei Investments Co. raised its holdings in Exponent by 28.8% in the 2nd quarter. Sei Investments Co. now owns 3,392 shares of the business services provider’s stock valued at $198,000 after buying an additional 759 shares during the last quarter. Finally, Pinebridge Investments L.P. raised its holdings in Exponent by 2.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock valued at $199,000 after buying an additional 70 shares during the last quarter. Institutional investors own 88.58% of the company’s stock.

Exponent, Inc. (NASDAQ EXPO) opened at $70.90 on Friday. Exponent, Inc. has a fifty-two week low of $55.75 and a fifty-two week high of $77.15. The stock has a market cap of $1,820.00, a P/E ratio of 34.59 and a beta of 0.58.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.09. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The firm had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. During the same quarter last year, the business earned $0.42 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. equities analysts forecast that Exponent, Inc. will post 2.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.84 annualized dividend and a yield of 1.18%. Exponent’s payout ratio is 40.98%.

EXPO has been the subject of a number of research reports. BidaskClub upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Cantor Fitzgerald raised their price objective on shares of Exponent to $82.00 and gave the company an “overweight” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Friday, October 20th. Finally, SunTrust Banks restated a “hold” rating and set a $77.00 price target on shares of Exponent in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $80.00.

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Exponent Company Profile

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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