Envestnet Asset Management Inc. Sells 34,400 Shares of Exponent, Inc. (NASDAQ:EXPO)

Envestnet Asset Management Inc. lowered its stake in Exponent, Inc. (NASDAQ:EXPO) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 433,145 shares of the business services provider’s stock after selling 34,400 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Exponent were worth $38,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Exponent by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider’s stock valued at $476,284,000 after buying an additional 67,296 shares in the last quarter. State Street Corp grew its holdings in Exponent by 0.7% during the 3rd quarter. State Street Corp now owns 1,840,313 shares of the business services provider’s stock valued at $212,151,000 after buying an additional 13,644 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Exponent by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,519,584 shares of the business services provider’s stock valued at $135,419,000 after buying an additional 13,932 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Exponent by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 739,710 shares of the business services provider’s stock worth $65,908,000 after buying an additional 4,704 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Exponent by 63.6% during the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider’s stock worth $72,701,000 after acquiring an additional 245,086 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Exponent Stock Up 1.7 %

EXPO opened at $80.32 on Friday. Exponent, Inc. has a 52 week low of $73.83 and a 52 week high of $115.75. The firm has a 50-day simple moving average of $83.53 and a two-hundred day simple moving average of $93.26. The company has a market capitalization of $4.08 billion, a PE ratio of 37.89 and a beta of 0.84.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same period last year, the firm earned $0.41 earnings per share. As a group, sell-side analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Richard Reiss sold 1,736 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the sale, the vice president now owns 1,800 shares in the company, valued at approximately $154,674. This represents a 49.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

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.