State of Wisconsin Investment Board Reduces Stake in SEI Investments Co. (SEIC)
State of Wisconsin Investment Board cut its position in SEI Investments Co. (NASDAQ:SEIC) by 4.0% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 81,704 shares of the company’s stock after selling 3,400 shares during the period. State of Wisconsin Investment Board owned 0.05% of SEI Investments worth $3,727,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of SEI Investments by 193.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,127 shares of the company’s stock worth $102,000 after buying an additional 1,402 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of SEI Investments by 7.6% in the second quarter. Pacer Advisors Inc. now owns 2,423 shares of the company’s stock worth $117,000 after buying an additional 172 shares in the last quarter. MSI Financial Services Inc boosted its position in shares of SEI Investments by 21.9% in the third quarter. MSI Financial Services Inc now owns 3,412 shares of the company’s stock worth $156,000 after buying an additional 614 shares in the last quarter. Zacks Investment Management acquired a new position in shares of SEI Investments during the second quarter worth about $207,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of SEI Investments during the second quarter worth about $214,000. Institutional investors and hedge funds own 70.59% of the company’s stock.
SEI Investments Co. (NASDAQ:SEIC) traded down 0.69% on Tuesday, hitting $47.42. 686,251 shares of the company were exchanged. The company has a 50 day moving average price of $45.51 and a 200-day moving average price of $47.09. The stock has a market capitalization of $7.59 billion, a P/E ratio of 23.95 and a beta of 1.43. SEI Investments Co. has a 52 week low of $32.01 and a 52 week high of $55.02.
SEI Investments (NASDAQ:SEIC) last posted its earnings results on Thursday, October 20th. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. SEI Investments had a net margin of 23.87% and a return on equity of 25.02%. The firm earned $354.60 million during the quarter, compared to analysts’ expectations of $353.82 million. During the same period last year, the company posted $0.47 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts expect 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 report on Wednesday, October 5th.
In related news, major shareholder Alfred P. West, Jr. sold 64,822 shares of SEI Investments stock in a transaction dated 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 transaction, the insider now directly owns 11,427,042 shares of the company’s stock, valued at approximately $508,274,828.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carmen Romeo sold 4,000 shares of SEI Investments stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $47.30, for a total transaction of $189,200.00. Following the transaction, the director now directly owns 1,555,418 shares of the company’s stock, valued at $73,571,271.40. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by insiders.
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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