Sandler Capital Management Sells 28,590 Shares of Exponent, Inc. (EXPO)

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Sandler Capital Management decreased its stake in Exponent, Inc. (NASDAQ:EXPO) by 23.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,230 shares of the business services provider’s stock after selling 28,590 shares during the quarter. Sandler Capital Management owned 0.36% of Exponent worth $7,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. We Are One Seven LLC lifted its position in shares of Exponent by 259.4% during the 1st quarter. We Are One Seven LLC now owns 1,434 shares of the business services provider’s stock worth $113,000 after buying an additional 1,035 shares during the period. SG Americas Securities LLC bought a new position in Exponent in the 1st quarter valued at $205,000. Stifel Financial Corp bought a new position in Exponent in the 1st quarter valued at $270,000. Capital Fund Management S.A. bought a new position in Exponent in the 4th quarter valued at $277,000. Finally, Global X Management Co. LLC raised its position in shares of Exponent by 197.6% during the first quarter. Global X Management Co. LLC now owns 3,991 shares of the business services provider’s stock worth $314,000 after acquiring an additional 2,650 shares during the last quarter. 43.59% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Debra Zumwalt sold 500 shares of Exponent stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $96.01, for a total value of $48,005.00. Following the sale, the director now owns 6,940 shares of the company’s stock, valued at approximately $666,309.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Harri Kytomaa sold 2,639 shares of Exponent stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $94.04, for a total transaction of $248,171.56. Following the completion of the sale, the insider now directly owns 8,045 shares in the company, valued at approximately $756,551.80. The disclosure for this sale can be found here. Insiders have sold a total of 40,262 shares of company stock valued at $3,586,801 in the last quarter. Company insiders own 2.80% of the company’s stock.

A number of equities research analysts recently commented on EXPO shares. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, April 23rd. SunTrust Banks boosted their price target on Exponent to $23.75 and gave the company a “buy” rating in a report on Monday, April 23rd. ValuEngine upgraded Exponent from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 5th. Cantor Fitzgerald reiterated a “buy” rating and set a $24.00 target price on shares of Exponent in a report on Friday, April 20th. Finally, BidaskClub upgraded Exponent from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.92.

Shares of NASDAQ:EXPO opened at $48.30 on Friday. Exponent, Inc. has a 1 year low of $28.52 and a 1 year high of $52.63. The company has a market cap of $2.55 billion, a P/E ratio of 45.96 and a beta of 0.64.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, April 19th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Exponent had a return on equity of 19.47% and a net margin of 12.52%. The business had revenue of $96.50 million during the quarter, compared to analyst estimates of $87.54 million. During the same period last year, the company earned $0.15 EPS. Exponent’s revenue for the quarter was up 14.7% compared to the same quarter last year. analysts forecast that Exponent, Inc. will post 1.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Friday, June 8th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.04 dividend on an annualized basis and a yield of 2.15%. Exponent’s dividend payout ratio (DPR) is currently 48.60%.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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