Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Holdings in SEI Investments Company (SEIC)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in SEI Investments Company (NASDAQ:SEIC) by 0.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,457 shares of the asset manager’s stock after selling 74 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SEI Investments were worth $1,046,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in SEIC. BlackRock Inc. raised its holdings in shares of SEI Investments by 3,644.6% during the 1st quarter. BlackRock Inc. now owns 12,750,729 shares of the asset manager’s stock worth $643,148,000 after acquiring an additional 12,410,221 shares during the period. Vanguard Group Inc. raised its holdings in shares of SEI Investments by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 12,903,413 shares of the asset manager’s stock worth $650,849,000 after acquiring an additional 595,691 shares during the period. Frontier Capital Management Co. LLC raised its holdings in shares of SEI Investments by 123.0% during the 1st quarter. Frontier Capital Management Co. LLC now owns 642,811 shares of the asset manager’s stock worth $32,423,000 after acquiring an additional 354,536 shares during the period. JLB & Associates Inc. purchased a new position in shares of SEI Investments during the 2nd quarter worth $11,631,000. Finally, Ngam Advisors L.P. raised its holdings in shares of SEI Investments by 18.8% during the 1st quarter. Ngam Advisors L.P. now owns 1,096,136 shares of the asset manager’s stock worth $55,289,000 after acquiring an additional 173,819 shares during the period. Institutional investors own 68.66% of the company’s stock.
Shares of SEI Investments Company (SEIC) opened at 56.82 on Tuesday. The company has a 50-day moving average of $56.54 and a 200 day moving average of $53.04. SEI Investments Company has a one year low of $43.54 and a one year high of $58.62. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 26.05 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 26th. The asset manager reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The firm had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts forecast that SEI Investments Company will post $2.28 earnings per share for the current fiscal year.
SEIC has been the topic of several analyst reports. BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $58.00 price target on shares of SEI Investments in a report on Thursday, July 27th. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. lifted their price target on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Finally, Mizuho initiated coverage on SEI Investments in a report on Tuesday, June 27th. They set a “buy” rating and a $60.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $59.75.
In related news, insider N Jeffrey Klauder sold 30,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $56.35, for a total transaction of $1,690,500.00. Following the transaction, the insider now directly owns 82,194 shares in the company, valued at $4,631,631.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Doran sold 10,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $57.49, for a total value of $574,900.00. Following the transaction, the director now owns 671,015 shares in the company, valued at $38,576,652.35. The disclosure for this sale can be found here. Insiders have sold 280,000 shares of company stock worth $15,693,150 over the last quarter. 16.50% of the stock is currently owned by company insiders.
About SEI Investments
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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