Cubist Systematic Strategies LLC Invests $15.35 Million in Exponent, Inc. $EXPO

Key Points

• Cubist Systematic Strategies LLC acquired a new stake in Exponent, Inc. worth approximately $15.35 million, representing about 0.37% ownership, according to a recent SEC filing.
• Exponent reported earnings of $0.52 per share in its latest quarterly results, surpassing estimates and showing a 7.3% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.30 per share, with a payout date set for September 19th, and an annualized dividend yield of 1.7%.

Cubist Systematic Strategies LLC purchased a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 189,350 shares of the business services provider's stock, valued at approximately $15,349,000. Cubist Systematic Strategies LLC owned approximately 0.37% of Exponent as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Exponent by 0.7% in the first quarter. Royal Bank of Canada now owns 261,740 shares of the business services provider's stock valued at $21,216,000 after purchasing an additional 1,889 shares in the last quarter. Magnetar Financial LLC acquired a new position in Exponent in the first quarter valued at approximately $1,976,000. State of Wyoming boosted its holdings in Exponent by 10.3% in the first quarter. State of Wyoming now owns 3,583 shares of the business services provider's stock valued at $290,000 after purchasing an additional 335 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Exponent in the first quarter valued at approximately $948,000. Finally, Jane Street Group LLC boosted its holdings in shares of Exponent by 1,481.0% in the first quarter. Jane Street Group LLC now owns 127,222 shares of the business services provider's stock valued at $10,313,000 after acquiring an additional 119,175 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exponent

In other news, VP Joseph Sala sold 1,595 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total value of $112,670.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Catherine Corrigan sold 4,896 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $71.09, for a total value of $348,056.64. Following the completion of the sale, the chief executive officer directly owned 81,342 shares of the company's stock, valued at $5,782,602.78. The trade was a 5.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Exponent Price Performance

Shares of EXPO stock traded down $1.56 during trading hours on Friday, hitting $71.42. The stock had a trading volume of 365,089 shares, compared to its average volume of 446,063. The firm has a market capitalization of $3.61 billion, a PE ratio of 35.71 and a beta of 0.94. Exponent, Inc. has a twelve month low of $63.81 and a twelve month high of $115.75. The stock's 50 day moving average is $72.27 and its 200 day moving average is $76.81.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $132.87 million during the quarter, compared to the consensus estimate of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. As a group, equities analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Exponent's dividend payout ratio is presently 60.00%.

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.