Raymond James Financial Services Advisors Inc. increased its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,282 shares of the business services provider’s stock after purchasing an additional 2,097 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Exponent were worth $4,073,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Trexquant Investment LP bought a new stake in Exponent during the third quarter valued at about $224,000. Cubist Systematic Strategies LLC bought a new stake in Exponent during the third quarter valued at about $242,000. Stifel Financial Corp bought a new stake in Exponent during the third quarter valued at about $249,000. Capital Fund Management S.A. bought a new stake in Exponent during the fourth quarter valued at about $277,000. Finally, Sei Investments Co. boosted its position in Exponent by 31.7% during the third quarter. Sei Investments Co. now owns 4,467 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 1,075 shares in the last quarter. Hedge funds and other institutional investors own 91.42% of the company’s stock.
Shares of Exponent, Inc. (NASDAQ EXPO) opened at $78.80 on Tuesday. Exponent, Inc. has a 12-month low of $56.95 and a 12-month high of $78.95. The firm has a market capitalization of $2,004.84, a PE ratio of 40.73 and a beta of 0.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Exponent’s previous quarterly dividend of $0.21. Exponent’s dividend payout ratio (DPR) is currently 55.26%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, January 23rd. BidaskClub downgraded Exponent from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. SunTrust Banks raised Exponent from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Friday, January 26th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $82.00 price objective on shares of Exponent in a research report on Sunday, November 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.67.
ILLEGAL ACTIVITY WARNING: “Raymond James Financial Services Advisors Inc. Increases Stake in Exponent, Inc. (EXPO)” was reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.tickerreport.com/banking-finance/3225565/raymond-james-financial-services-advisors-inc-increases-stake-in-exponent-inc-expo.html.
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
Want to see what other hedge funds are holding EXPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exponent, Inc. (NASDAQ:EXPO).
Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.