LS Investment Advisors LLC raised its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,297 shares of the asset manager’s stock after buying an additional 1,796 shares during the period. LS Investment Advisors LLC’s holdings in SEI Investments were worth $769,000 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. purchased a new stake in SEI Investments during the fourth quarter valued at $1,139,000. FMR LLC boosted its stake 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 purchased a new stake in SEI Investments during the fourth quarter valued at $2,933,000. UBS Asset Management Americas Inc. boosted its stake 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 boosted its stake 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. 68.58% of the stock is owned by hedge funds and other institutional investors.
SEI Investments Company (NASDAQ:SEIC) traded up 0.22% during midday trading on Friday, reaching $55.82. 594,256 shares of the company’s stock were exchanged. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 25.59 and a beta of 1.33. SEI Investments Company has a 12-month low of $42.90 and a 12-month high of $57.50. The firm has a 50-day moving average price of $55.61 and a 200 day moving average price of $52.17.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. On average, analysts expect that SEI Investments Company will post $2.28 EPS for the current fiscal year.
Several research firms have recently weighed in on SEIC. BidaskClub cut shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $58.00 price objective on shares of SEI Investments in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. raised their price target on shares of SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Finally, Mizuho began coverage on shares of SEI Investments in a report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $59.75.
In other news, Director William Doran sold 5,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $52.40, for a total value of $262,000.00. Following the sale, the director now directly owns 681,015 shares of the company’s stock, valued at approximately $35,685,186. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dennis Mcgonigle sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $56.35, for a total transaction of $845,250.00. Following the completion of the sale, the insider now directly owns 612,034 shares in the company, valued at $34,488,115.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 382,500 shares of company stock worth $20,982,527. Insiders own 17.10% of the company’s stock.
About SEI Investments
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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