Cetera Investment Advisers Buys 1,112 Shares of Exponent, Inc. (NASDAQ:EXPO)

Cetera Investment Advisers raised its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 12.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,015 shares of the business services provider’s stock after purchasing an additional 1,112 shares during the period. Cetera Investment Advisers’ holdings in Exponent were worth $812,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Exponent by 2.0% in the first quarter. Envestnet Asset Management Inc. now owns 441,646 shares of the business services provider’s stock worth $35,800,000 after acquiring an additional 8,501 shares during the period. Bessemer Group Inc. boosted its stake in shares of Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock worth $55,000 after acquiring an additional 346 shares during the period. SG Americas Securities LLC bought a new position in shares of Exponent in the first quarter worth about $665,000. Fifth Third Bancorp boosted its stake in shares of Exponent by 14.4% in the first quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider’s stock worth $554,000 after acquiring an additional 858 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Exponent by 29.9% in the first quarter. Farther Finance Advisors LLC now owns 3,274 shares of the business services provider’s stock worth $265,000 after acquiring an additional 753 shares during the period. Institutional investors own 92.37% of the company’s stock.

Exponent Stock Up 2.4%

NASDAQ EXPO opened at $72.65 on Thursday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 36.33 and a beta of 0.89. The business has a 50-day moving average price of $73.75 and a 200-day moving average price of $79.13. Exponent, Inc. has a twelve month low of $63.81 and a twelve month high of $115.75.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $132.87 million during the quarter, compared to analyst estimates of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. Research analysts expect that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Exponent’s dividend payout ratio is 60.00%.

Insiders Place Their Bets

In related news, VP John Pye sold 2,000 shares of the business’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $76.32, for a total value of $152,640.00. Following the sale, the vice president directly owned 29,204 shares in the company, valued at approximately $2,228,849.28. The trade was a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph Rakow sold 1,573 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total value of $122,253.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,862 shares of company stock worth $601,791. 1.60% of the stock is currently owned by insiders.

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.