Dynamic Technology Lab Private Ltd boosted its position in SEI Investments Company (NASDAQ:SEIC) by 212.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,960 shares of the asset manager’s stock after buying an additional 9,499 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in SEI Investments were worth $750,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SEIC. First Trust Advisors LP purchased a new position in SEI Investments in the 1st quarter valued at $713,000. JPMorgan Chase & Co. grew its position in SEI Investments by 32.2% in the 1st quarter. JPMorgan Chase & Co. now owns 320,687 shares of the asset manager’s stock valued at $16,176,000 after buying an additional 78,158 shares during the last quarter. Victory Capital Management Inc. grew its position in SEI Investments by 65.1% in the 1st quarter. Victory Capital Management Inc. now owns 22,574 shares of the asset manager’s stock valued at $1,139,000 after buying an additional 8,903 shares during the last quarter. OppenheimerFunds Inc. grew its position in SEI Investments by 14.8% in the 1st quarter. OppenheimerFunds Inc. now owns 6,710 shares of the asset manager’s stock valued at $338,000 after buying an additional 863 shares during the last quarter. Finally, FMR LLC grew its position in SEI Investments by 1.8% in the 1st quarter. FMR LLC now owns 245,094 shares of the asset manager’s stock valued at $12,362,000 after buying an additional 4,244 shares during the last quarter. Hedge funds and other institutional investors own 68.65% of the company’s stock.
SEI Investments Company (SEIC) traded up 0.02% on Wednesday, hitting $63.33. The stock had a trading volume of 51,987 shares. The company has a market cap of $10.01 billion, a PE ratio of 29.04 and a beta of 1.35. SEI Investments Company has a one year low of $43.63 and a one year high of $64.08. The stock has a 50-day moving average of $59.62 and a 200-day moving average of $54.72.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 26th. The asset manager reported $0.57 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $372.30 million during the quarter, compared to analyst estimates of $369.88 million. During the same quarter last year, the company posted $0.49 EPS. SEI Investments’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts expect that SEI Investments Company will post $2.28 earnings per share for the current fiscal year.
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In related news, insider N Jeffrey Klauder sold 30,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $56.35, for a total value of $1,690,500.00. Following the completion of the sale, the insider now directly owns 82,194 shares of the company’s stock, valued at approximately $4,631,631.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Doran sold 10,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $57.49, for a total value of $574,900.00. Following the completion of the sale, the director now directly owns 671,015 shares of the company’s stock, valued at $38,576,652.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 325,000 shares of company stock valued at $18,540,250. Company insiders own 16.50% of the company’s stock.
A number of equities analysts recently weighed in on SEIC shares. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 price objective on shares of SEI Investments in a research report on Sunday, September 3rd. Mizuho started coverage on shares of SEI Investments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price objective on the stock. BidaskClub lowered shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. lifted their price objective on shares of SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $61.50.
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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