New Mexico Educational Retirement Board bought a new position in shares of SEI Investments (NASDAQ:SEIC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 32,500 shares of the asset manager’s stock, valued at approximately $2,335,000.
Several other hedge funds also recently made changes to their positions in SEIC. Frontier Capital Management Co. LLC lifted its position in shares of SEI Investments by 51.2% during the third quarter. Frontier Capital Management Co. LLC now owns 968,388 shares of the asset manager’s stock worth $59,130,000 after purchasing an additional 328,037 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of SEI Investments by 88.3% during the third quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock worth $31,123,000 after purchasing an additional 239,000 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of SEI Investments by 268.8% during the fourth quarter. Acadian Asset Management LLC now owns 288,565 shares of the asset manager’s stock worth $20,737,000 after purchasing an additional 210,319 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of SEI Investments by 293.8% during the third quarter. BNP Paribas Arbitrage SA now owns 271,156 shares of the asset manager’s stock worth $16,557,000 after purchasing an additional 202,297 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of SEI Investments by 1,300.7% during the second quarter. Janus Henderson Group PLC now owns 182,307 shares of the asset manager’s stock worth $9,805,000 after purchasing an additional 169,292 shares in the last quarter. Institutional investors own 70.03% of the company’s stock.
In other SEI Investments news, insider N Jeffrey Klauder sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $68.39, for a total value of $1,367,800.00. Following the completion of the sale, the insider now owns 62,194 shares of the company’s stock, valued at $4,253,447.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wayne Withrow sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total transaction of $703,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,750 shares of company stock valued at $3,722,650. 16.50% of the stock is currently owned by insiders.
Shares of SEI Investments (NASDAQ SEIC) opened at $73.76 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.07 and a current ratio of 4.14. The firm has a market cap of $11,532.00, a P/E ratio of 31.51, a P/E/G ratio of 1.89 and a beta of 1.30. SEI Investments has a 12 month low of $49.04 and a 12 month high of $77.49.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.15. The business had revenue of $408.22 million during the quarter, compared to the consensus estimate of $397.96 million. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. SEI Investments’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. analysts predict that SEI Investments will post 3.24 EPS for the current year.
SEI Investments announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the asset manager to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
SEIC has been the subject of a number of recent research reports. Mizuho reissued a “buy” rating and set a $72.00 price target on shares of SEI Investments in a research note on Friday, November 17th. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Monday, October 30th. BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Oppenheimer reissued a “buy” rating and set a $80.00 price target on shares of SEI Investments in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $73.50.
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SEI Investments 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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