OneDigital Investment Advisors LLC Lowers Stake in Exponent, Inc. (NASDAQ:EXPO)

OneDigital Investment Advisors LLC lessened its stake in Exponent, Inc. (NASDAQ:EXPO) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,740 shares of the business services provider’s stock after selling 207 shares during the period. OneDigital Investment Advisors LLC’s holdings in Exponent were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Exponent during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC increased its position in shares of Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock worth $36,000 after acquiring an additional 153 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Exponent by 166.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 323 shares in the last quarter. USA Financial Formulas purchased a new position in Exponent in the third quarter valued at $60,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Exponent by 70.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock worth $83,000 after purchasing an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Trading Up 0.9 %

Exponent stock opened at $95.86 on Friday. The stock has a 50 day moving average of $106.50 and a two-hundred day moving average of $102.05. Exponent, Inc. has a twelve month low of $68.70 and a twelve month high of $115.75. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 46.31 and a beta of 0.69.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s dividend payout ratio is presently 54.11%.

Insider Activity at Exponent

In other Exponent news, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $96.32, for a total value of $100,076.48. Following the completion of the transaction, the director now owns 5,871 shares in the company, valued at approximately $565,494.72. This represents a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $1,464,400.00. Following the completion of the sale, the director now directly owns 80,742 shares of the company’s stock, valued at approximately $8,445,613.20. This trade represents a 14.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,339 shares of company stock worth $3,103,065 in the last three months. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial reiterated a “buy” rating and issued a $120.00 price objective (up previously from $100.00) on shares of Exponent in a research note on Friday, July 26th.

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.