Public Employees Retirement Association of Colorado Sells 2,281 Shares of SEI Investments Co. (SEIC)
Public Employees Retirement Association of Colorado decreased its position in shares of SEI Investments Co. (NASDAQ:SEIC) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 350,132 shares of the company’s stock after selling 2,281 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.22% of SEI Investments worth $16,845,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in SEIC. Gateway Investment Advisers LLC increased its stake in SEI Investments by 1.1% in the second quarter. Gateway Investment Advisers LLC now owns 4,820 shares of the company’s stock worth $232,000 after buying an additional 53 shares during the last quarter. Commonwealth Equity Services Inc acquired a new stake in SEI Investments during the first quarter worth about $255,000. HL Financial Services LLC acquired a new stake in SEI Investments during the second quarter worth about $276,000. BB&T Securities LLC increased its stake in SEI Investments by 14.9% in the first quarter. BB&T Securities LLC now owns 6,444 shares of the company’s stock worth $277,000 after buying an additional 835 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in SEI Investments during the first quarter worth about $283,000. 70.29% of the stock is currently owned by institutional investors.
SEI Investments Co. (NASDAQ:SEIC) traded up 0.75% on Wednesday, reaching $44.62. 138,732 shares of the company’s stock were exchanged. SEI Investments Co. has a one year low of $32.01 and a one year high of $55.11. The firm has a market cap of $7.20 billion, a PE ratio of 23.24 and a beta of 1.26. The firm has a 50 day moving average price of $45.54 and a 200 day moving average price of $47.23.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. The company had revenue of $343.83 million for the quarter, compared to analyst estimates of $346.92 million. SEI Investments had a return on equity of 24.48% and a net margin of 23.67%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, equities analysts anticipate that SEI Investments Co. will post $1.92 earnings per share for the current year.
A number of research firms recently issued reports on SEIC. Oppenheimer Holdings Inc. decreased their price target on shares of SEI Investments from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of SEI Investments from $51.00 to $47.00 and set a “market perform” rating on the stock in a research note on Thursday, July 28th.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $44.98, for a total transaction of $4,048,200.00. Following the completion of the transaction, the insider now directly owns 11,641,864 shares in the company, valued at $523,651,042.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.10% of the company’s stock.
About SEI Investments
SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.
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