SEI Investments Company (SEIC) Holdings Cut by GSA Capital Partners LLP
GSA Capital Partners LLP cut its holdings in SEI Investments Company (NASDAQ:SEIC) by 45.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,130 shares of the asset manager’s stock after selling 16,071 shares during the quarter. GSA Capital Partners LLP’s holdings in SEI Investments were worth $1,029,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings 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 period. Utah Retirement Systems raised its position in shares of SEI Investments by 0.4% during the first quarter. Utah Retirement Systems now owns 23,388 shares of the asset manager’s stock worth $1,179,000 after purchasing an additional 100 shares during the period. Gateway Investment Advisers LLC raised its position in shares of SEI Investments by 2.6% during the second quarter. Gateway Investment Advisers LLC now owns 4,559 shares of the asset manager’s stock worth $245,000 after purchasing an additional 114 shares during the period. Van ECK Associates Corp raised its position in shares of SEI Investments by 6.5% during the first quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock worth $112,000 after purchasing an additional 136 shares during the period. Finally, Mosaic Family Wealth LLC raised its position in shares of SEI Investments by 6.7% during the second quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the asset manager’s stock worth $171,000 after purchasing an additional 200 shares during the period. 68.65% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, insider Wayne Withrow sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $59.97, for a total value of $599,700.00. Following the completion of the transaction, the insider now owns 31,864 shares in the company, valued at approximately $1,910,884.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph P. Ujobai sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.77, for a total value of $1,175,400.00. Following the completion of the transaction, the insider now owns 32,540 shares of the company’s stock, valued at approximately $1,912,375.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,000 shares of company stock valued at $17,310,050. 16.50% of the stock is currently owned by company insiders.
SEI Investments Company (SEIC) opened at 61.06 on Friday. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 28.00 and a beta of 1.33. SEI Investments Company has a 12 month low of $43.54 and a 12 month high of $61.50. The stock’s 50 day moving average price is $56.76 and its 200-day moving average price is $53.36.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The company had revenue of $372.30 million during the quarter, compared to analysts’ expectations of $369.88 million. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Equities analysts anticipate that SEI Investments Company will post $2.28 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. upped their target price on SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $58.00 target price on shares of SEI Investments in a research report on Thursday, July 27th. BidaskClub raised SEI Investments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, July 12th. Finally, Mizuho assumed coverage on SEI Investments in a research report on Tuesday, June 27th. They set a “buy” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $61.50.
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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