Victory Capital Management Inc. Sells 4,811 Shares of Exponent, Inc. (NASDAQ:EXPO)

Victory Capital Management Inc. trimmed its position in Exponent, Inc. (NASDAQ:EXPO) by 13.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,574 shares of the business services provider’s stock after selling 4,811 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Exponent worth $3,525,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EXPO. Vanguard Group Inc. boosted its position in shares of Exponent by 5.8% during the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock valued at $437,153,000 after buying an additional 291,047 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Exponent by 6.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock worth $441,414,000 after purchasing an additional 284,179 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Exponent by 1.6% during the third quarter. Conestoga Capital Advisors LLC now owns 2,806,517 shares of the business services provider’s stock worth $323,535,000 after purchasing an additional 43,257 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Exponent by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,019,085 shares of the business services provider’s stock valued at $96,937,000 after acquiring an additional 6,108 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Exponent by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 534,520 shares of the business services provider’s stock valued at $50,844,000 after acquiring an additional 17,849 shares during the period. 92.37% of the stock is owned by institutional investors.

Exponent Stock Performance

NASDAQ:EXPO opened at $98.04 on Friday. Exponent, Inc. has a one year low of $68.70 and a one year high of $115.75. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 47.36 and a beta of 0.69. The firm’s fifty day moving average is $106.31 and its two-hundred day moving average is $102.12.

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s payout ratio is 54.11%.

Insider Transactions at Exponent

In other news, Director Carol Lindstrom sold 1,039 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $96.32, for a total transaction of $100,076.48. Following the completion of the sale, the director now owns 5,871 shares in the company, valued at $565,494.72. This trade represents a 15.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul R. Johnston sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $95.03, for a total transaction of $123,539.00. Following the sale, the director now owns 59,406 shares of the company’s stock, valued at $5,645,352.18. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,339 shares of company stock valued at $3,103,065 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

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.