SEI Investments Company (NASDAQ:SEIC) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its position in shares of SEI Investments Company (NASDAQ:SEIC) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 488,046 shares of the asset manager’s stock after buying an additional 9,155 shares during the period. Dimensional Fund Advisors LP owned about 0.31% of SEI Investments worth $24,616,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wagner Bowman Management Corp purchased a new position in SEI Investments during the first quarter worth about $201,000. Retirement Systems of Alabama boosted its position in SEI Investments by 4.6% in the first quarter. Retirement Systems of Alabama now owns 357,318 shares of the asset manager’s stock worth $18,023,000 after buying an additional 15,862 shares during the period. Hermes Investment Management Ltd. boosted its position in SEI Investments by 2.8% in the first quarter. Hermes Investment Management Ltd. now owns 654,562 shares of the asset manager’s stock worth $33,016,000 after buying an additional 17,573 shares during the period. Capital Impact Advisors LLC purchased a new position in SEI Investments during the first quarter worth about $1,772,000. Finally, DnB Asset Management AS purchased a new position in SEI Investments during the first quarter worth about $638,000. Institutional investors own 70.07% of the company’s stock.
SEI Investments Company (NASDAQ:SEIC) traded down 0.02% on Monday, reaching $55.99. 14,395 shares of the company traded hands. SEI Investments Company has a 52-week low of $42.90 and a 52-week high of $57.50. The company has a market capitalization of $8.85 billion, a PE ratio of 25.67 and a beta of 1.33. The stock has a 50-day moving average of $54.72 and a 200 day moving average of $51.69.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 26th. The asset manager reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The firm had revenue of $372.30 million for the quarter, compared to analyst estimates of $369.88 million. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that SEI Investments Company will post $2.28 EPS for the current year.
A number of research analysts have recently issued reports on the stock. BidaskClub cut shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 target price on shares of SEI Investments in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. boosted their price objective on shares of SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. Finally, Mizuho began coverage on shares of SEI Investments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.75.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 84,116 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $51.92, for a total value of $4,367,302.72. Following the sale, the insider now owns 10,952,166 shares in the company, valued at $568,636,458.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph P. Ujobai sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the sale, the insider now owns 42,540 shares in the company, valued at approximately $2,176,346.40. The disclosure for this sale can be found here. Insiders sold 302,500 shares of company stock worth $16,330,077 in the last 90 days. Company insiders own 17.10% of the company’s stock.
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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