Sumitomo Mitsui Asset Management Company LTD decreased its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 9.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,941 shares of the asset manager’s stock after selling 1,065 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in SEI Investments were worth $534,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in SEI Investments by 32.2% in the first quarter. JPMorgan Chase & Co. now owns 320,687 shares of the asset manager’s stock valued at $16,176,000 after buying an additional 78,158 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in SEI Investments by 2.5% in the first quarter. UBS Asset Management Americas Inc. now owns 702,422 shares of the asset manager’s stock valued at $35,430,000 after buying an additional 17,422 shares during the last quarter. Suntrust Banks Inc. boosted its position in SEI Investments by 1.1% in the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock valued at $405,000 after buying an additional 88 shares during the last quarter. Confluence Investment Management LLC boosted its position in SEI Investments by 4.2% in the second quarter. Confluence Investment Management LLC now owns 268,543 shares of the asset manager’s stock valued at $14,442,000 after buying an additional 10,744 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in SEI Investments during the fourth quarter valued at $2,933,000. 70.07% of the stock is owned by institutional investors.
SEI Investments Company (SEIC) opened at 56.11 on Thursday. SEI Investments Company has a 52 week low of $42.90 and a 52 week high of $57.50. The stock has a market capitalization of $8.87 billion, a PE ratio of 25.73 and a beta of 1.33. The firm has a 50 day moving average of $55.10 and a 200-day moving average of $51.92.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. SEI Investments had a net margin of 24.65% and a return on equity of 26.92%. The firm had revenue of $372.30 million during the quarter, compared to analyst estimates of $369.88 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. SEI Investments’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts predict that SEI Investments Company will post $2.28 EPS for the current year.
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SEIC has been the subject of several research analyst reports. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of SEI Investments in a research note on Thursday, April 20th. Mizuho initiated coverage on shares of SEI Investments in a research note on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price objective for the company. BidaskClub cut shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, Oppenheimer Holdings, Inc. lifted their price objective on shares of SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $59.75.
In related news, insider Paul Klauder sold 7,500 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $53.56, for a total value of $401,700.00. Following the completion of the sale, the insider now owns 21,629 shares of the company’s stock, valued at $1,158,449.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Doran sold 5,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $52.40, for a total transaction of $262,000.00. Following the completion of the sale, the director now directly owns 681,015 shares of the company’s stock, valued at approximately $35,685,186. The disclosure for this sale can be found here. Insiders sold 382,500 shares of company stock valued at $20,982,527 in the last three months. 17.10% of the stock is currently owned by 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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