Bank of America Corp DE Has $23.25 Million Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Bank of America Corp DE decreased its stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,954 shares of the business services provider's stock after selling 28,006 shares during the period. Bank of America Corp DE owned approximately 0.51% of Exponent worth $23,251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BLI Banque de Luxembourg Investments acquired a new stake in Exponent during the fourth quarter worth $12,564,000. Algert Global LLC acquired a new stake in Exponent during the fourth quarter worth $1,030,000. Ameriprise Financial Inc. boosted its stake in Exponent by 7.3% during the fourth quarter. Ameriprise Financial Inc. now owns 646,026 shares of the business services provider's stock worth $57,561,000 after buying an additional 44,002 shares in the last quarter. AXA S.A. boosted its stake in Exponent by 35.4% during the fourth quarter. AXA S.A. now owns 24,000 shares of the business services provider's stock worth $2,138,000 after buying an additional 6,281 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Exponent by 35.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,429 shares of the business services provider's stock worth $216,000 after buying an additional 633 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Insider Activity at Exponent

In other news, VP John Pye sold 2,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the transaction, the vice president now directly owns 29,204 shares in the company, valued at approximately $2,228,849.28. The trade was a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Reiss sold 1,736 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the transaction, the vice president now owns 1,800 shares of the company's stock, valued at $154,674. The trade was a 49.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,430 shares of company stock valued at $516,041 over the last ninety days. 2.10% of the stock is owned by insiders.

Exponent Stock Performance

Shares of NASDAQ EXPO traded down $1.23 during midday trading on Friday, reaching $76.20. 184,953 shares of the company traded hands, compared to its average volume of 246,111. The firm has a market cap of $3.87 billion, a PE ratio of 35.94 and a beta of 0.95. The stock's 50-day simple moving average is $78.82 and its 200-day simple moving average is $87.10. Exponent, Inc. has a 12 month low of $73.37 and a 12 month high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The business had revenue of $137.44 million during the quarter, compared to analysts' expectations of $134.63 million. During the same period in the previous year, the business posted $0.59 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts expect that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.57%. Exponent's dividend payout ratio is 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.