American Capital Management Inc. raised its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 845,160 shares of the asset manager’s stock after buying an additional 17,630 shares during the period. SEI Investments accounts for approximately 2.9% of American Capital Management Inc.’s holdings, making the stock its 12th largest position. American Capital Management Inc. owned approximately 0.53% of SEI Investments worth $45,453,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in SEI Investments by 32.2% in the first 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 in the last quarter. UBS Asset Management Americas Inc. raised its stake in SEI Investments by 2.5% in the first quarter. UBS Asset Management Americas Inc. now owns 702,422 shares of the asset manager’s stock valued at $35,430,000 after buying an additional 17,422 shares in the last quarter. Suntrust Banks Inc. raised its stake in SEI Investments by 1.1% in the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock valued at $405,000 after buying an additional 88 shares in the last quarter. Confluence Investment Management LLC raised its stake in SEI Investments by 4.2% in the second quarter. Confluence Investment Management LLC now owns 268,543 shares of the asset manager’s stock valued at $14,442,000 after buying an additional 10,744 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in SEI Investments during the fourth quarter valued at about $2,933,000. 68.58% of the stock is owned by institutional investors.
Shares of SEI Investments Company (NASDAQ SEIC) opened at 55.82 on Friday. The stock has a market cap of $8.83 billion, a P/E ratio of 25.59 and a beta of 1.33. SEI Investments Company has a 52-week low of $42.90 and a 52-week high of $57.50. The firm’s 50-day moving average price is $55.67 and its 200-day moving average price is $52.22.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The business had revenue of $372.30 million during the quarter, compared to the consensus estimate of $369.88 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Equities analysts predict that SEI Investments Company will post $2.28 EPS for the current year.
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SEIC has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $54.00 price target on shares of SEI Investments in a research report on Friday, June 23rd. Mizuho initiated coverage on SEI Investments in a research report on Tuesday, June 27th. They set a “buy” rating and a $60.00 price target on the stock. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. BidaskClub downgraded SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. raised their price target on SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $59.75.
In related news, major shareholder Alfred P. West, Jr. sold 84,116 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $51.92, for a total value of $4,367,302.72. Following the completion of the transaction, the insider now owns 10,952,166 shares of the company’s stock, valued at approximately $568,636,458.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Klauder sold 7,500 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $53.56, for a total transaction of $401,700.00. Following the completion of the transaction, the insider now directly owns 21,629 shares of the company’s stock, valued at approximately $1,158,449.24. The disclosure for this sale can be found here. Insiders have sold a total of 382,500 shares of company stock valued at $20,982,527 in the last three months. 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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