Parallel Advisors LLC Sells 319 Shares of Exponent, Inc. (NASDAQ:EXPO)

Parallel Advisors LLC trimmed its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,869 shares of the business services provider’s stock after selling 319 shares during the period. Parallel Advisors LLC’s holdings in Exponent were worth $1,503,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXPO. Cibc World Markets Corp bought a new stake in Exponent during the fourth quarter worth about $421,000. Royce & Associates LP grew its position in Exponent by 8.1% during the 4th quarter. Royce & Associates LP now owns 202,981 shares of the business services provider’s stock valued at $18,086,000 after purchasing an additional 15,255 shares during the last quarter. Atala Financial Inc purchased a new stake in shares of Exponent during the fourth quarter valued at approximately $25,000. Impact Capital Partners LLC bought a new stake in shares of Exponent during the fourth quarter valued at approximately $379,000. Finally, Swiss National Bank raised its holdings in Exponent by 0.8% in the 4th quarter. Swiss National Bank now owns 99,800 shares of the business services provider’s stock worth $8,892,000 after acquiring an additional 800 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Activity

In other Exponent news, VP Richard Reiss sold 1,736 shares of Exponent stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 owns 1,800 shares of the company’s stock, valued at approximately $154,674. The trade was a 49.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Exponent Trading Down 0.5 %

EXPO stock opened at $82.60 on Wednesday. The stock has a market capitalization of $4.20 billion, a PE ratio of 38.96 and a beta of 0.77. The stock’s 50 day simple moving average is $88.37 and its 200 day simple moving average is $97.00. Exponent, Inc. has a 12-month low of $77.30 and a 12-month high of $115.75.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, beating 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 previous year, the firm earned $0.41 EPS. On average, research analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current year.

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.