Envestnet Portfolio Solutions Inc. Sells 2,528 Shares of Exponent, Inc. (NASDAQ:EXPO)

Envestnet Portfolio Solutions Inc. lowered its position in Exponent, Inc. (NASDAQ:EXPO) by 22.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 8,767 shares of the business services provider’s stock after selling 2,528 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Exponent were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Bank of Montreal Can lifted its position in shares of Exponent by 1.5% in the fourth quarter. Bank of Montreal Can now owns 8,747 shares of the business services provider’s stock valued at $779,000 after acquiring an additional 131 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Exponent by 0.9% in the fourth quarter. Arizona State Retirement System now owns 14,723 shares of the business services provider’s stock valued at $1,312,000 after acquiring an additional 133 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Exponent by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider’s stock valued at $481,000 after acquiring an additional 155 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Exponent by 129.8% in the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 157 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Exponent by 3.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,418 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling

In other Exponent news, VP John Pye sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $76.32, for a total transaction of $152,640.00. Following the sale, the vice president now directly owns 29,204 shares in the company, valued at $2,228,849.28. This represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Joseph Rakow sold 1,573 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total value of $122,253.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,267 shares of company stock worth $489,120. Corporate insiders own 1.60% of the company’s stock.

Exponent Stock Down 0.9%

Shares of Exponent stock opened at $74.96 on Thursday. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 36.57 and a beta of 0.92. Exponent, Inc. has a 52 week low of $72.43 and a 52 week high of $115.75. The stock’s 50-day simple moving average is $77.18 and its 200-day simple moving average is $83.55.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. Exponent had a return on equity of 25.33% and a net margin of 18.87%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. On average, equities analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Exponent’s dividend payout ratio is currently 58.54%.

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.