Capstone Asset Management Co. raised its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,948 shares of the asset manager’s stock after buying an additional 20 shares during the period. Capstone Asset Management Co.’s holdings in SEI Investments were worth $750,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in SEIC. Russell Investments Group Ltd. acquired a new position in SEI Investments during the fourth quarter valued at approximately $1,139,000. FMR LLC increased its position in SEI Investments by 23.0% in the fourth quarter. FMR LLC now owns 240,850 shares of the asset manager’s stock valued at $11,889,000 after buying an additional 45,074 shares during the period. Renaissance Technologies LLC acquired a new position in SEI Investments during the fourth quarter valued at approximately $2,933,000. UBS Asset Management Americas Inc. increased its position in SEI Investments by 107.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 685,000 shares of the asset manager’s stock valued at $33,811,000 after buying an additional 355,130 shares during the period. Finally, Teachers Advisors LLC increased its position in SEI Investments by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 122,376 shares of the asset manager’s stock valued at $6,040,000 after buying an additional 6,204 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.
SEI Investments Company (SEIC) traded down 0.14% during midday trading on Friday, hitting $56.00. 235,375 shares of the stock were exchanged. SEI Investments Company has a 1-year low of $42.90 and a 1-year high of $57.50. The company’s 50 day moving average is $54.72 and its 200 day moving average is $51.69. The company has a market capitalization of $8.85 billion, a P/E ratio of 25.68 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The company had revenue of $372.30 million during the quarter, compared to analyst estimates of $369.88 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. SEI Investments’s revenue was up 8.3% on a year-over-year basis. Analysts predict that SEI Investments Company will post $2.28 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Mizuho assumed coverage on shares of SEI Investments in a research note on Tuesday, June 27th. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Friday, April 7th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of SEI Investments in a research note on Thursday, April 20th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. SEI Investments presently has a consensus rating of “Buy” and a consensus target price of $59.75.
In other news, Director Carmen Romeo sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $51.60, for a total transaction of $258,000.00. Following the completion of the transaction, the director now owns 1,600,952 shares of the company’s stock, valued at $82,609,123.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph P. Ujobai sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $51.16, for a total value of $1,534,800.00. Following the transaction, the insider now directly owns 42,540 shares of the company’s stock, valued at approximately $2,176,346.40. The disclosure for this sale can be found here. Insiders have sold 302,500 shares of company stock valued at $16,330,077 in the last three months. 17.10% of the stock is owned by insiders.
SEI Investments Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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