Deprince Race & Zollo Inc. expanded its position by 36.4%, adding 23,406 shares to reach 87,681 shares valued at approximately $21.6 million by quarter end. Several other funds also lifted stakes: Aprio Wealth Management by 2.1% to 1,640 shares, Texas Bank & Trust Co by 0.4% to 8,181 shares, Norway Savings Bank by 0.9% to 4,123 shares, Firethorn Wealth Partners by 4.4% to 854 shares and Wealthcare Advisory Partners by 0.8% to 4,902 shares. Collectively, institutional investors and hedge funds now control just over 75% of the company’s stock.

Insiders significantly trimmed holdings during the latest quarter. Manish Sharma sold 6,902 shares for proceeds of about $1.73 million, reducing his stake by 78.8%. CEO Ryoji Sekido disposed of 2,500 shares for about $624,000, a 64.3% cut to his direct holdings. Total insider sales reached 33,319 shares worth $8.34 million, leaving insiders with just 0.02% ownership of the company.

In the most recent quarter, earnings per share of 3.94 exceeded consensus by 0.21, while revenue of 18.74 billion outpaced the consensus of 18.51 billion and rose 5.7% year-over-year. Return on equity stood at 26.65% and net margin at 10.76%. Management set full-year guidance between 13.52 and 13.90 for adjusted EPS, and analysts project 12.73 for the current fiscal year.

The board declared a quarterly dividend of 1.63 per share, implying an annualized payout of 6.52 and a yield of about 2.4%, with a payout ratio of 53.9%. Among research firms, one analyst holds a Strong Buy rating, fifteen recommend Buy, eleven maintain Hold and one recommends Sell, resulting in a consensus Moderate Buy and an average price target of 298.29.