Victory Capital Management Inc. Lowers Stake in Exponent, Inc. (NASDAQ:EXPO)

Victory Capital Management Inc. lessened its holdings in Exponent, Inc. (NASDAQ:EXPO) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,574 shares of the business services provider’s stock after selling 4,811 shares during the period. Victory Capital Management Inc.’s holdings in Exponent were worth $3,525,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EXPO. Russell Investments Group Ltd. raised its stake in Exponent by 5.2% during the 1st quarter. Russell Investments Group Ltd. now owns 16,038 shares of the business services provider’s stock worth $1,326,000 after acquiring an additional 786 shares in the last quarter. Vanguard Group Inc. boosted its position in Exponent by 5.8% during the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock worth $437,153,000 after acquiring an additional 291,047 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Exponent by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 38,341 shares of the business services provider’s stock worth $3,165,000 after acquiring an additional 206 shares during the last quarter. Quadrature Capital Ltd raised its stake in Exponent by 18.6% during the first quarter. Quadrature Capital Ltd now owns 4,562 shares of the business services provider’s stock worth $377,000 after purchasing an additional 715 shares during the period. Finally, LRI Investments LLC purchased a new position in Exponent during the first quarter worth approximately $123,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Exponent news, Director Paul R. Johnston sold 14,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the completion of the transaction, the director now directly owns 80,742 shares of the company’s stock, valued at $8,445,613.20. This trade represents a 14.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carol Lindstrom sold 1,039 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $96.32, for a total transaction of $100,076.48. Following the transaction, the director now directly owns 5,871 shares of the company’s stock, valued at approximately $565,494.72. This represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,339 shares of company stock valued at $3,103,065 in the last quarter. Company insiders own 2.10% of the company’s stock.

Exponent Trading Up 2.3 %

Shares of EXPO stock opened at $98.04 on Friday. The company’s fifty day simple moving average is $106.31 and its 200-day simple moving average is $102.12. Exponent, Inc. has a 52 week low of $68.70 and a 52 week high of $115.75. The company has a market cap of $4.98 billion, a PE ratio of 47.36 and a beta of 0.69.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s dividend payout ratio is presently 54.11%.

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.