Farther Finance Advisors LLC Buys 753 Shares of Exponent, Inc. (NASDAQ:EXPO)

Farther Finance Advisors LLC raised its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 29.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,274 shares of the business services provider’s stock after buying an additional 753 shares during the period. Farther Finance Advisors LLC’s holdings in Exponent were worth $265,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXPO. Raymond James Financial Inc. bought a new position in Exponent in the 4th quarter worth $55,131,000. Norges Bank bought a new position in Exponent in the 4th quarter worth $52,381,000. Resona Asset Management Co. Ltd. bought a new position in Exponent in the 4th quarter worth $38,538,000. BLI Banque de Luxembourg Investments bought a new position in Exponent in the 4th quarter worth $12,564,000. Finally, Barclays PLC raised its holdings in Exponent by 88.5% in the 4th quarter. Barclays PLC now owns 181,921 shares of the business services provider’s stock worth $16,209,000 after acquiring an additional 85,395 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Insider Activity

In other Exponent news, VP Bradley A. James sold 2,694 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total transaction of $214,226.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joseph Rakow sold 1,573 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,267 shares of company stock worth $489,120. Corporate insiders own 1.60% of the company’s stock.

Exponent Price Performance

Shares of EXPO opened at $75.05 on Thursday. The company has a market capitalization of $3.81 billion, a PE ratio of 36.61 and a beta of 0.92. Exponent, Inc. has a one year low of $73.37 and a one year high of $115.75. The company’s fifty day moving average price is $77.73 and its 200 day moving average price is $84.34.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Exponent had a net margin of 18.87% and a return on equity of 25.33%. The company had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. Exponent’s dividend payout ratio (DPR) is currently 58.54%.

Exponent Company 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.