Raymond James Trust N.A. trimmed its stake in SEI Investments Company (NASDAQ:SEIC) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,406 shares of the asset manager’s stock after selling 339 shares during the quarter. Raymond James Trust N.A.’s holdings in SEI Investments were worth $398,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in SEI Investments by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after buying an additional 77 shares during the last quarter. Suntrust Banks Inc. lifted its stake in SEI Investments by 1.1% in the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock valued at $405,000 after buying an additional 88 shares during the last quarter. Utah Retirement Systems lifted its stake in SEI Investments by 0.4% in the first quarter. Utah Retirement Systems now owns 23,388 shares of the asset manager’s stock valued at $1,179,000 after buying an additional 100 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in SEI Investments by 2.6% in the second quarter. Gateway Investment Advisers LLC now owns 4,559 shares of the asset manager’s stock valued at $245,000 after buying an additional 114 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in SEI Investments by 6.5% in the first quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock valued at $112,000 after buying an additional 136 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 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $55.94, for a total value of $2,797,000.00. Following the sale, the insider now directly owns 10,686,282 shares in the company, valued at $597,790,615.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alfred P. West, Jr. sold 100,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $56.40, for a total value of $5,640,000.00. Following the completion of the sale, the insider now owns 10,836,282 shares in the company, valued at $611,166,304.80. The disclosure for this sale can be found here. Insiders sold 280,000 shares of company stock worth $15,693,150 over the last quarter. Company insiders own 16.50% of the company’s stock.

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Shares of SEI Investments Company (SEIC) opened at 57.58 on Friday. The company’s 50 day moving average is $56.64 and its 200-day moving average is $53.22. The company has a market capitalization of $9.10 billion, a PE ratio of 26.40 and a beta of 1.33. SEI Investments Company has a 52 week low of $43.54 and a 52 week high of $58.62.

SEI Investments (NASDAQ:SEIC) last announced its quarterly 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 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 analysts’ expectations of $369.88 million. During the same period in the prior year, the business posted $0.49 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. On average, analysts expect that SEI Investments Company will post $2.28 EPS for the current fiscal year.

SEIC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $54.00 target price on shares of SEI Investments in a research note on Friday, June 23rd. Mizuho initiated coverage on SEI Investments in a research note on Tuesday, June 27th. They issued a “buy” rating and a $60.00 target price on the stock. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Oppenheimer Holdings, Inc. raised their target price on SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SEI Investments has a consensus rating of “Buy” and an average target price of $59.75.

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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Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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