Chicago Equity Partners LLC cut its holdings in SEI Investments (NASDAQ:SEIC) by 9.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,110 shares of the asset manager’s stock after selling 1,520 shares during the quarter. Chicago Equity Partners LLC’s holdings in SEI Investments were worth $1,132,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in shares of SEI Investments by 12.7% during the 4th quarter. Victory Capital Management Inc. now owns 46,345 shares of the asset manager’s stock valued at $3,330,000 after buying an additional 5,228 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of SEI Investments by 73.5% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,900 shares of the asset manager’s stock valued at $424,000 after buying an additional 2,500 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in shares of SEI Investments during the 4th quarter valued at $2,941,000. LPL Financial LLC lifted its holdings in shares of SEI Investments by 11.8% during the 4th quarter. LPL Financial LLC now owns 27,624 shares of the asset manager’s stock valued at $1,985,000 after buying an additional 2,916 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of SEI Investments by 9.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 80,246 shares of the asset manager’s stock valued at $5,767,000 after buying an additional 6,662 shares during the period. 70.41% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Stephen Meyer sold 4,524 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $77.59, for a total value of $351,017.16. Following the transaction, the executive vice president now directly owns 97,748 shares of the company’s stock, valued at approximately $7,584,267.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP N Jeffrey Klauder bought 3,637 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was bought at an average cost of $23.86 per share, for a total transaction of $86,778.82. Following the completion of the acquisition, the executive vice president now owns 45,831 shares in the company, valued at approximately $1,093,527.66. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 45,348 shares of company stock worth $3,448,312. 16.50% of the stock is owned by insiders.
Several research firms have recently weighed in on SEIC. BidaskClub raised SEI Investments from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 22nd. Oppenheimer reissued a “buy” rating and set a $80.00 price target on shares of SEI Investments in a report on Thursday, February 1st. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Sandler O’Neill set a $81.00 price target on SEI Investments and gave the company a “buy” rating in a report on Tuesday, April 10th. Finally, William Blair cut SEI Investments from an “outperform” rating to a “market perform” rating in a report on Thursday, April 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. SEI Investments presently has a consensus rating of “Hold” and an average target price of $75.00.
Shares of SEI Investments stock opened at $65.15 on Friday. SEI Investments has a one year low of $49.45 and a one year high of $78.35. The firm has a market capitalization of $10.19 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a current ratio of 6.43, a quick ratio of 6.31 and a debt-to-equity ratio of 0.01.
SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, April 25th. The asset manager reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.10. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. The company had revenue of $405.60 million for the quarter, compared to analysts’ expectations of $408.10 million. During the same period last year, the firm earned $0.55 EPS. SEI Investments’s revenue for the quarter was up 12.7% compared to the same quarter last year. analysts forecast that SEI Investments will post 3.13 earnings per share for the current year.
SEI Investments Profile
SEI Investments Co is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
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