Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC cut its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,161,164 shares of the business services provider's stock after selling 231,471 shares during the period. Neuberger Berman Group LLC owned about 4.26% of Exponent worth $192,560,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Exponent by 1.3% in 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 acquiring an additional 67,296 shares during the period. State Street Corp grew its stake in Exponent by 0.7% in the third quarter. State Street Corp now owns 1,840,313 shares of the business services provider's stock valued at $212,151,000 after purchasing an additional 13,644 shares during the last quarter. Geode Capital Management LLC lifted 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. Invesco Ltd. boosted its holdings in shares of Exponent by 1.1% in the 4th quarter. Invesco Ltd. now owns 1,188,373 shares of the business services provider's stock valued at $105,884,000 after buying an additional 13,263 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Exponent by 0.6% in the 4th 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 during the last quarter. 92.37% of the stock is owned by institutional investors.

Exponent Stock Performance

EXPO traded down $0.78 during trading on Tuesday, hitting $80.20. The stock had a trading volume of 82,746 shares, compared to its average volume of 242,202. The stock has a 50 day simple moving average of $83.30 and a two-hundred day simple moving average of $92.89. Exponent, Inc. has a twelve month low of $73.83 and a twelve month high of $115.75. The company has a market capitalization of $4.08 billion, a PE ratio of 37.83 and a beta of 0.84.

Exponent (NASDAQ:EXPO - Get Free Report) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Exponent had a return on equity of 27.27% and a net margin of 19.52%. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities research analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Insider Activity at Exponent

In other Exponent news, VP Richard Reiss sold 1,736 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

About Exponent

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.