BlackRock Inc. raised its position in shares of SEI Investments (NASDAQ:SEIC) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,950,907 shares of the asset manager’s stock after buying an additional 165,595 shares during the quarter. BlackRock Inc. owned 9.24% of SEI Investments worth $782,645,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in SEI Investments during the second quarter valued at about $35,000. Machina Capital S.A.S. purchased a new stake in SEI Investments during the second quarter valued at about $48,000. Flagship Harbor Advisors LLC lifted its stake in SEI Investments by 28.6% during the second quarter. Flagship Harbor Advisors LLC now owns 900 shares of the asset manager’s stock valued at $50,000 after buying an additional 200 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in shares of SEI Investments in the second quarter worth approximately $92,000. Finally, Private Capital Group LLC lifted its position in shares of SEI Investments by 15.6% in the second quarter. Private Capital Group LLC now owns 1,662 shares of the asset manager’s stock worth $104,000 after purchasing an additional 224 shares in the last quarter. 69.79% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. BidaskClub raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. SEI Investments currently has a consensus rating of “Hold” and an average price target of $61.50.
NASDAQ SEIC opened at $62.44 on Friday. The company has a 50 day simple moving average of $59.36 and a 200-day simple moving average of $56.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.74 and a quick ratio of 5.59. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.30. SEI Investments has a 52-week low of $42.27 and a 52-week high of $63.22.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $416.30 million during the quarter, compared to analyst estimates of $415.52 million. SEI Investments had a net margin of 29.95% and a return on equity of 29.77%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, analysts predict that SEI Investments will post 3.24 EPS for the current year.
In other news, Director William Doran sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $61.00, for a total value of $305,000.00. Following the completion of the sale, the director now directly owns 671,915 shares of the company’s stock, valued at $40,986,815. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathryn Mccarthy sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $61.49, for a total transaction of $584,155.00. Following the transaction, the director now directly owns 80,700 shares in the company, valued at approximately $4,962,243. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock valued at $2,767,755 over the last three months. 22.60% of the stock is owned by insiders.
SEI Investments Profile
SEI Investments Company 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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