Teacher Retirement System of Texas Grows Position in Exponent, Inc. (NASDAQ:EXPO)

Teacher Retirement System of Texas increased its holdings in Exponent, Inc. (NASDAQ:EXPO) by 64.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,663 shares of the business services provider’s stock after acquiring an additional 37,716 shares during the quarter. Teacher Retirement System of Texas’ holdings in Exponent were worth $8,613,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EXPO. Raymond James Financial Inc. purchased a new stake in Exponent in the fourth quarter worth about $55,131,000. JPMorgan Chase & Co. lifted its stake in Exponent by 63.6% in the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider’s stock worth $72,701,000 after acquiring an additional 245,086 shares during the period. Geode Capital Management LLC lifted its stake in Exponent by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider’s stock worth $173,597,000 after acquiring an additional 69,099 shares during the period. Barclays PLC raised its holdings in Exponent by 219.0% in the third quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock worth $11,127,000 after purchasing an additional 66,263 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in Exponent by 22.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 342,850 shares of the business services provider’s stock worth $30,548,000 after purchasing an additional 62,760 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Richard Reiss sold 1,736 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the transaction, the vice president now owns 1,800 shares in the company, valued at $154,674. This represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Exponent Stock Performance

Shares of Exponent stock opened at $78.90 on Friday. The company has a market capitalization of $4.01 billion, a PE ratio of 37.22 and a beta of 0.77. The company has a 50-day simple moving average of $87.84 and a two-hundred day simple moving average of $96.51. Exponent, Inc. has a one year low of $77.30 and a one year high of $115.75.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping 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 period in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts predict that Exponent, Inc. will post 1.98 earnings per share 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.