Orion Portfolio Solutions LLC Lowers Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Orion Portfolio Solutions LLC trimmed its holdings in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 30.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,932 shares of the business services provider's stock after selling 3,525 shares during the period. Orion Portfolio Solutions LLC's holdings in Exponent were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in EXPO. Vanguard Group Inc. lifted its stake in Exponent by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider's stock worth $476,284,000 after purchasing an additional 67,296 shares during the last quarter. State Street Corp raised its holdings in Exponent by 0.7% during the third quarter. State Street Corp now owns 1,840,313 shares of the business services provider's stock worth $212,151,000 after purchasing an additional 13,644 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Exponent by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider's stock worth $173,597,000 after buying an additional 69,099 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Exponent by 63.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider's stock valued at $72,701,000 after buying an additional 245,086 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Exponent in the 4th quarter valued at $55,131,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Trading Up 1.7 %

NASDAQ:EXPO traded up $1.32 during midday trading on Friday, hitting $80.32. 307,072 shares of the company were exchanged, compared to its average volume of 242,311. Exponent, Inc. has a fifty-two week low of $73.83 and a fifty-two week high of $115.75. The company has a market capitalization of $4.08 billion, a PE ratio of 37.89 and a beta of 0.84. The company has a fifty day simple moving average of $83.53 and a 200 day simple moving average of $93.26.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the company earned $0.41 EPS. As a group, equities research analysts expect that Exponent, Inc. will post 1.98 EPS for the current year.

Insiders Place Their Bets

In other news, VP Richard Reiss sold 1,736 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the sale, the vice president now directly owns 1,800 shares of the company's stock, valued at approximately $154,674. This represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate 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.