AMP Capital Investors Ltd decreased its position in shares of SEI Investments (NASDAQ:SEIC) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,921 shares of the asset manager’s stock after selling 4,185 shares during the period. AMP Capital Investors Ltd owned 0.09% of SEI Investments worth $9,699,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Profund Advisors LLC raised its holdings in SEI Investments by 6.3% during the fourth quarter. Profund Advisors LLC now owns 15,860 shares of the asset manager’s stock valued at $1,140,000 after buying an additional 941 shares in the last quarter. MML Investors Services LLC bought a new position in shares of SEI Investments in the fourth quarter worth about $411,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of SEI Investments in the fourth quarter worth about $2,941,000. USA Financial Portformulas Corp increased its stake in shares of SEI Investments by 229.4% in the fourth quarter. USA Financial Portformulas Corp now owns 15,914 shares of the asset manager’s stock worth $1,144,000 after purchasing an additional 11,083 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of SEI Investments by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,352,174 shares of the asset manager’s stock worth $97,117,000 after purchasing an additional 35,184 shares during the period. 70.50% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on SEIC. Oppenheimer reiterated a “buy” rating and issued a $80.00 price objective on shares of SEI Investments in a research note on Thursday, February 1st. Zacks Investment Research lowered SEI Investments from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, BidaskClub upgraded SEI Investments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. SEI Investments currently has a consensus rating of “Buy” and an average target price of $73.50.
SEIC stock traded down $1.85 during trading on Friday, reaching $72.78. 517,755 shares of the stock were exchanged, compared to its average volume of 612,369. SEI Investments has a twelve month low of $49.45 and a twelve month high of $78.35. The company has a market cap of $11,737.68, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The business had revenue of $408.22 million for the quarter, compared to the consensus estimate of $397.96 million. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. equities research analysts anticipate that SEI Investments will post 3.24 EPS for the current year.
In other SEI Investments news, insider Stephen Meyer sold 20,424 shares of SEI Investments stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $77.44, for a total transaction of $1,581,634.56. Following the sale, the insider now directly owns 98,276 shares of the company’s stock, valued at $7,610,493.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider N Jeffrey Klauder sold 20,000 shares of SEI Investments stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $73.77, for a total value of $1,475,400.00. Following the sale, the insider now directly owns 52,194 shares in the company, valued at $3,850,351.38. The disclosure for this sale can be found here. Insiders have sold 95,348 shares of company stock worth $7,115,112 over the last ninety days. Company insiders own 16.50% of the company’s stock.
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About SEI Investments
SEI Investments Co is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
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