Moors & Cabot Inc. decreased its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,801 shares of the asset manager’s stock after selling 100 shares during the quarter. Moors & Cabot Inc.’s holdings in SEI Investments were worth $1,332,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in SEI Investments by 5.5% during the second quarter. BlackRock Inc. now owns 13,447,854 shares of the asset manager’s stock valued at $723,225,000 after purchasing an additional 697,125 shares during the last quarter. Vanguard Group Inc. lifted its position in SEI Investments by 2.8% during the second quarter. Vanguard Group Inc. now owns 13,260,600 shares of the asset manager’s stock valued at $713,155,000 after purchasing an additional 357,187 shares during the last quarter. State Street Corp lifted its position in SEI Investments by 0.4% during the second quarter. State Street Corp now owns 5,954,992 shares of the asset manager’s stock valued at $320,254,000 after purchasing an additional 21,421 shares during the last quarter. Northern Trust Corp lifted its position in SEI Investments by 1.3% during the second quarter. Northern Trust Corp now owns 1,416,259 shares of the asset manager’s stock valued at $76,167,000 after purchasing an additional 17,776 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in SEI Investments by 9.0% during the first quarter. Geode Capital Management LLC now owns 1,222,209 shares of the asset manager’s stock valued at $61,628,000 after purchasing an additional 101,349 shares during the last quarter. Hedge funds and other institutional investors own 68.65% of the company’s stock.

SEI Investments Company (SEIC) traded up 0.19% during trading on Friday, reaching $62.78. 490,082 shares of the company’s stock traded hands. SEI Investments Company has a one year low of $43.54 and a one year high of $62.90. The company has a 50-day moving average price of $58.56 and a 200 day moving average price of $54.20. The firm has a market capitalization of $9.93 billion, a PE ratio of 28.78 and a beta of 1.35.

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 the consensus estimate of $0.55 by $0.02. The firm had revenue of $372.30 million for the quarter, compared to analysts’ expectations of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. On average, analysts anticipate that SEI Investments Company will post $2.28 earnings per share for the current fiscal year.

In other news, Director William Doran sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $57.49, for a total transaction of $574,900.00. Following the transaction, the director now owns 671,015 shares of the company’s stock, valued at approximately $38,576,652.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider N Jeffrey Klauder sold 30,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were 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 approximately $4,631,631.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 325,000 shares of company stock worth $18,540,250. Corporate insiders own 16.50% of the company’s stock.

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SEIC has been the subject of several research reports. BidaskClub lowered shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $58.00 price objective on shares of SEI Investments in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. increased their price objective on shares of SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, July 12th. Finally, Mizuho initiated 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 for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $61.50.

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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