Stone Ridge Asset Management LLC purchased a new stake in SEI Investments (NASDAQ:SEIC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,214 shares of the asset manager’s stock, valued at approximately $1,021,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of SEIC. First Trust Advisors LP raised its holdings in SEI Investments by 30.9% in the third quarter. First Trust Advisors LP now owns 63,949 shares of the asset manager’s stock valued at $3,905,000 after acquiring an additional 15,101 shares in the last quarter. Victory Capital Management Inc. raised its holdings in SEI Investments by 50.2% in the third quarter. Victory Capital Management Inc. now owns 41,117 shares of the asset manager’s stock valued at $2,511,000 after acquiring an additional 13,735 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in SEI Investments by 5.0% in the third quarter. State of Wisconsin Investment Board now owns 122,409 shares of the asset manager’s stock valued at $7,474,000 after acquiring an additional 5,788 shares in the last quarter. New York State Common Retirement Fund raised its holdings in SEI Investments by 15.8% in the third quarter. New York State Common Retirement Fund now owns 579,586 shares of the asset manager’s stock valued at $35,390,000 after acquiring an additional 79,278 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in SEI Investments by 242.8% in the third quarter. Toronto Dominion Bank now owns 5,698 shares of the asset manager’s stock valued at $348,000 after acquiring an additional 4,036 shares in the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on SEIC. Oppenheimer reaffirmed a “buy” rating and issued a $80.00 price target on shares of SEI Investments in a report on Thursday, February 1st. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 target price on the stock in a report on Friday, January 5th. Finally, BidaskClub raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $73.50.
Shares of SEI Investments (NASDAQ:SEIC) opened at $76.62 on Friday. The firm has a market cap of $12,050.64, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.28. SEI Investments has a twelve month low of $49.26 and a twelve month high of $78.00. The company has a current ratio of 4.14, a quick ratio of 4.07 and a debt-to-equity ratio of 0.02.
SEI Investments (NASDAQ:SEIC) last issued its 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 company had revenue of $408.22 million for the quarter, compared to analysts’ expectations of $397.96 million. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. sell-side analysts anticipate that SEI Investments will post 3.24 EPS for the current fiscal year.
In other news, insider N Jeffrey Klauder sold 20,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $73.77, for a total transaction of $1,475,400.00. Following the completion of the transaction, the insider now owns 52,194 shares in the company, valued at $3,850,351.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Meyer sold 20,424 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $77.44, for a total transaction of $1,581,634.56. Following the transaction, the insider now owns 98,276 shares of the company’s stock, valued at approximately $7,610,493.44. The disclosure for this sale can be found here. Insiders have sold 90,824 shares of company stock worth $6,764,095 over the last three months. 16.50% of the stock is owned by corporate 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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