Andra AP fonden lifted its position in SEI Investments (NASDAQ:SEIC) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,800 shares of the asset manager’s stock after acquiring an additional 3,500 shares during the period. Andra AP fonden owned 0.07% of SEI Investments worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Ropes Wealth Advisors LLC acquired a new position in SEI Investments during the second quarter worth $100,000. Private Capital Group LLC boosted its stake in SEI Investments by 1,562.0% during the first quarter. Private Capital Group LLC now owns 1,662 shares of the asset manager’s stock worth $125,000 after buying an additional 1,562 shares during the last quarter. First Hawaiian Bank acquired a new position in SEI Investments during the third quarter worth $102,000. Cerebellum GP LLC boosted its stake in SEI Investments by 2,524.0% during the second quarter. Cerebellum GP LLC now owns 2,729 shares of the asset manager’s stock worth $171,000 after buying an additional 2,625 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in SEI Investments during the second quarter worth $177,000. 69.22% of the stock is currently owned by hedge funds and other institutional investors.
In other SEI Investments news, insider Joseph P. Ujobai sold 1,473 shares of SEI Investments stock in a transaction on Monday, August 13th. The stock was sold at an average price of $59.84, for a total value of $88,144.32. Following the sale, the insider now owns 14,013 shares in the company, valued at $838,537.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dennis Mcgonigle sold 15,000 shares of SEI Investments stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $62.83, for a total value of $942,450.00. Following the completion of the sale, the insider now owns 27,540 shares in the company, valued at approximately $1,730,338.20. The disclosure for this sale can be found here. Insiders sold 42,973 shares of company stock worth $2,598,794 in the last 90 days. Company insiders own 16.50% of the company’s stock.
SEI Investments (NASDAQ:SEIC) last posted its earnings results on Thursday, July 19th. The asset manager reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.01). SEI Investments had a net margin of 30.25% and a return on equity of 29.98%. The business had revenue of $404.80 million during the quarter, compared to analysts’ expectations of $405.58 million. During the same quarter in the prior year, the firm earned $0.57 EPS. SEI Investments’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts expect that SEI Investments will post 3.18 EPS for the current fiscal year.
A number of equities analysts have weighed in on SEIC shares. BidaskClub lowered SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 4th. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Thursday, August 23rd. Mizuho reissued a “buy” rating and set a $85.00 price objective on shares of SEI Investments in a research note on Friday, July 20th. Finally, ValuEngine lowered SEI Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.75.
About SEI Investments
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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