Abbot Financial Management Inc. purchased a new stake in shares of SEI Investments Company (NASDAQ:SEIC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,900 shares of the asset manager’s stock, valued at approximately $694,000.

Several other large investors have also recently bought and sold shares of the company. Quantitative Investment Management LLC grew its holdings in shares of SEI Investments by 208.1% during the second quarter. Quantitative Investment Management LLC now owns 90,900 shares of the asset manager’s stock valued at $4,888,000 after buying an additional 61,400 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of SEI Investments by 2.4% during the second quarter. Mutual of America Capital Management LLC now owns 118,193 shares of the asset manager’s stock valued at $6,356,000 after buying an additional 2,816 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of SEI Investments by 7.3% during the second quarter. Thrivent Financial For Lutherans now owns 26,940 shares of the asset manager’s stock valued at $1,449,000 after buying an additional 1,830 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of SEI Investments by 2.0% during the second quarter. ProShare Advisors LLC now owns 212,006 shares of the asset manager’s stock valued at $11,402,000 after buying an additional 4,162 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of SEI Investments during the second quarter valued at approximately $647,000. Hedge funds and other institutional investors own 68.65% of the company’s stock.

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A number of equities research analysts have recently commented on SEIC shares. BidaskClub cut shares of 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 shares of 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. increased their price target on shares of SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Finally, Mizuho started coverage on shares of SEI Investments in a research report on Tuesday, June 27th. They set a “buy” rating and a $60.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.75.

In other SEI Investments news, Director William Doran sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $57.49, for a total transaction of $574,900.00. Following the sale, the director now owns 671,015 shares of the company’s stock, valued at approximately $38,576,652.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider N Jeffrey Klauder sold 30,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 82,194 shares in the company, valued at approximately $4,631,631.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 255,000 shares of company stock worth $14,350,650. 16.50% of the stock is owned by insiders.

Shares of SEI Investments Company (SEIC) traded up 1.36% on Tuesday, reaching $58.74. 125,805 shares of the company were exchanged. The firm’s 50 day moving average price is $56.69 and its 200 day moving average price is $53.31. SEI Investments Company has a 52 week low of $43.54 and a 52 week high of $58.77. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 26.93 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 consensus estimate of $0.55 by $0.02. The company had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. SEI Investments’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. Equities research analysts anticipate that SEI Investments Company will post $2.28 EPS for the current year.

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.

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

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