Sei Investments Co. Sells 18,900 Shares of Exponent, Inc. (NASDAQ:EXPO)

Sei Investments Co. trimmed its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 127,273 shares of the business services provider’s stock after selling 18,900 shares during the period. Sei Investments Co.’s holdings in Exponent were worth $11,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new position in shares of Exponent in the 3rd quarter valued at approximately $26,000. Private Trust Co. NA raised its holdings in Exponent by 129.8% in the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Atala Financial Inc purchased a new position in Exponent during the fourth quarter valued at $25,000. Tortoise Investment Management LLC boosted its holdings in shares of Exponent by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock valued at $39,000 after buying an additional 191 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Exponent in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Price Performance

Shares of Exponent stock opened at $82.23 on Friday. Exponent, Inc. has a 1 year low of $77.30 and a 1 year high of $115.75. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 38.79 and a beta of 0.77. The company has a 50-day moving average of $86.78 and a 200 day moving average of $95.69.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, equities analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Insider Buying and Selling

In other Exponent news, VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the sale, the vice president now directly owns 1,800 shares of the company’s stock, valued at approximately $154,674. The trade was a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.

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.