SEI Investments Co. (SEIC) Shares Bought by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund increased its position in SEI Investments Co. (NASDAQ:SEIC) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,931 shares of the company’s stock after buying an additional 1,931 shares during the period. Oregon Public Employees Retirement Fund’s holdings in SEI Investments were worth $3,007,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Independent Portfolio Consultants Inc. raised its stake in shares of SEI Investments by 0.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 12,776 shares of the company’s stock worth $583,000 after buying an additional 50 shares in the last quarter. North Star Asset Management Inc. raised its stake in SEI Investments by 2.3% in the third quarter. North Star Asset Management Inc. now owns 141,647 shares of the company’s stock valued at $6,460,000 after buying an additional 3,185 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in SEI Investments during the second quarter valued at approximately $2,985,000. Northwestern Mutual Wealth Management Co. raised its stake in SEI Investments by 193.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,127 shares of the company’s stock valued at $102,000 after buying an additional 1,402 shares in the last quarter. Finally, Front Street Capital Management Inc. acquired a new stake in SEI Investments during the second quarter valued at approximately $7,114,000. 70.59% of the stock is owned by institutional investors.
SEI Investments Co. (NASDAQ:SEIC) traded down 0.69% during mid-day trading on Tuesday, reaching $47.42. 686,251 shares of the company traded hands. SEI Investments Co. has a one year low of $32.01 and a one year high of $55.02. The stock’s 50-day moving average price is $45.51 and its 200-day moving average price is $47.09. The firm has a market cap of $7.59 billion, a PE ratio of 23.95 and a beta of 1.43.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The company earned $354.60 million during the quarter, compared to analyst estimates of $353.82 million. SEI Investments had a net margin of 23.87% and a return on equity of 25.02%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Analysts forecast that SEI Investments Co. will post $1.98 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th.
In related news, Director Carmen Romeo sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $47.30, for a total value of $189,200.00. Following the completion of the sale, the director now owns 1,555,418 shares of the company’s stock, valued at $73,571,271.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 64,822 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $44.48, for a total transaction of $2,883,282.56. Following the completion of the sale, the insider now directly owns 11,427,042 shares of the company’s stock, valued at approximately $508,274,828.16. The disclosure for this sale can be found here. Insiders own 17.10% of the company’s stock.
SEI Investments Company Profile
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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