Avantax Advisory Services Inc. Decreases Holdings in Exponent, Inc. (NASDAQ:EXPO)

Avantax Advisory Services Inc. reduced its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,884 shares of the business services provider’s stock after selling 1,076 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Exponent were worth $1,683,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Venturi Wealth Management LLC increased its stake in Exponent by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 111 shares during the last quarter. Heritage Family Offices LLP grew its position in shares of Exponent by 3.8% in the 4th quarter. Heritage Family Offices LLP now owns 3,123 shares of the business services provider’s stock valued at $278,000 after buying an additional 114 shares during the last quarter. Arizona State Retirement System grew its position in shares of Exponent by 0.9% in the 4th quarter. Arizona State Retirement System now owns 14,723 shares of the business services provider’s stock valued at $1,312,000 after buying an additional 133 shares during the last quarter. Private Trust Co. NA raised its stake in Exponent by 129.8% during the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Exponent by 2.4% in the fourth quarter. Pacer Advisors Inc. now owns 7,574 shares of the business services provider’s stock valued at $675,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity at Exponent

In other Exponent news, VP Richard Reiss sold 1,736 shares of Exponent stock in a transaction 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 transaction, the vice president now directly owns 1,800 shares in the company, valued at approximately $154,674. The trade was a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Exponent Stock Performance

EXPO opened at $83.02 on Tuesday. Exponent, Inc. has a one year low of $77.30 and a one year high of $115.75. The stock has a market capitalization of $4.22 billion, a P/E ratio of 39.16 and a beta of 0.77. The business’s 50-day simple moving average is $88.45 and its 200-day simple moving average is $97.18.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS 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 last year, the business earned $0.41 EPS. On average, equities research analysts forecast that Exponent, Inc. will post 1.98 EPS for the current fiscal 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.