Symphony Asset Management LLC Sells 132 Shares of SEI Investments Company (SEIC)
Symphony Asset Management LLC decreased its position in SEI Investments Company (NASDAQ:SEIC) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,565 shares of the asset manager’s stock after selling 132 shares during the quarter. Symphony Asset Management LLC’s holdings in SEI Investments were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in SEIC. Van ECK Associates Corp lifted its position in SEI Investments by 6.5% in the 1st quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock worth $112,000 after buying an additional 136 shares during the last quarter. Pacer Advisors Inc. lifted its position in SEI Investments by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock worth $125,000 after buying an additional 77 shares during the last quarter. Quantbot Technologies LP bought a new stake in SEI Investments in the 1st quarter worth approximately $159,000. Mosaic Family Wealth LLC lifted its position in SEI Investments by 6.7% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the asset manager’s stock worth $171,000 after buying an additional 200 shares during the last quarter. Finally, Meadow Creek Investment Management LLC lifted its position in SEI Investments by 13.9% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,936 shares of the asset manager’s stock worth $198,000 after buying an additional 480 shares during the last quarter. Institutional investors own 68.66% of the company’s stock.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 100,000 shares of SEI Investments stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $56.40, for a total transaction of $5,640,000.00. Following the completion of the sale, the insider now directly owns 10,836,282 shares of the company’s stock, valued at approximately $611,166,304.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph P. Ujobai sold 25,000 shares of SEI Investments stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $53.70, for a total value of $1,342,500.00. Following the sale, the insider now directly owns 37,540 shares of the company’s stock, valued at $2,015,898. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 280,000 shares of company stock valued at $15,693,150. 16.50% of the stock is currently owned by corporate insiders.
A number of analysts recently weighed in on the company. BidaskClub downgraded SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Mizuho assumed coverage on SEI Investments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 target price for the company. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Oppenheimer Holdings, Inc. boosted their target price on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $54.00 target price on shares of SEI Investments in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $59.75.
Shares of SEI Investments Company (NASDAQ SEIC) opened at 57.58 on Friday. The company has a market cap of $9.10 billion, a P/E ratio of 26.40 and a beta of 1.33. The firm has a 50-day moving average price of $56.64 and a 200 day moving average price of $53.22. SEI Investments Company has a 12 month low of $43.54 and a 12 month high of $58.62.
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 the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million during the quarter, compared to analyst estimates of $369.88 million. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. SEI Investments’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Equities analysts predict that SEI Investments Company will post $2.28 earnings per share for the current year.
SEI Investments 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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