Atlanta Capital Management Co. L L C reduced its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,886,781 shares of the asset manager’s stock after selling 36,079 shares during the quarter. SEI Investments accounts for approximately 2.4% of Atlanta Capital Management Co. L L C’s portfolio, making the stock its 4th largest holding. Atlanta Capital Management Co. L L C owned 4.37% of SEI Investments worth $420,507,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of SEI Investments by 5.5% in 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. grew its position in shares of SEI Investments by 2.8% in 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 grew its position in shares of SEI Investments by 0.4% in 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. Arrowstreet Capital Limited Partnership grew its position in shares of SEI Investments by 47.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,907,730 shares of the asset manager’s stock valued at $102,598,000 after purchasing an additional 615,539 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of SEI Investments by 0.9% in the third quarter. American Century Companies Inc. now owns 1,786,915 shares of the asset manager’s stock valued at $109,109,000 after purchasing an additional 16,248 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $64.64, for a total transaction of $3,232,000.00. Following the transaction, the insider now owns 10,619,272 shares of the company’s stock, valued at $686,429,742.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Wayne Withrow sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $70.35, for a total transaction of $703,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,250 shares of company stock worth $13,246,650. 16.50% of the stock is currently owned by insiders.

Shares of SEI Investments Company (SEIC) opened at $70.70 on Friday. SEI Investments Company has a 1 year low of $47.88 and a 1 year high of $71.77. The stock has a market cap of $11,106.58, a P/E ratio of 30.67, a P/E/G ratio of 2.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.41 and a current ratio of 5.52.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.06. The firm had revenue of $368.02 million for the quarter, compared to analyst estimates of $384.43 million. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. SEI Investments’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. analysts forecast that SEI Investments Company will post 2.35 EPS for the current year.

SEI Investments declared that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the asset manager to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

A number of analysts recently issued reports on SEIC shares. Mizuho restated a “buy” rating and set a $72.00 target price on shares of SEI Investments in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, October 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $58.00 target price on shares of SEI Investments in a research report on Sunday, September 3rd. Finally, Oppenheimer raised their target price on shares of SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $67.25.

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

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