Haverford Trust Co. bought a new position in SEI Investments (NASDAQ:SEIC) in the first quarter, HoldingsChannel.com reports. The firm bought 6,300 shares of the asset manager’s stock, valued at approximately $472,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Icon Wealth Partners LLC bought a new position in shares of SEI Investments in the fourth quarter worth $121,000. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of SEI Investments in the fourth quarter worth $122,000. Gradient Investments LLC bought a new position in shares of SEI Investments in the fourth quarter worth $207,000. Cape Cod Five Cents Savings Bank bought a new position in shares of SEI Investments in the first quarter worth $208,000. Finally, Two Sigma Securities LLC bought a new position in shares of SEI Investments in the fourth quarter worth $212,000. 69.98% of the stock is owned by institutional investors and hedge funds.
SEIC has been the subject of a number of analyst reports. Sandler O’Neill set a $81.00 price target on SEI Investments and gave the stock a “buy” rating in a report on Tuesday, April 10th. BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 12th. Oppenheimer reaffirmed a “buy” rating and issued a $80.00 price target on shares of SEI Investments in a report on Thursday, February 1st. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, William Blair lowered SEI Investments from an “outperform” rating to a “market perform” rating in a report on Thursday, April 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. SEI Investments presently has an average rating of “Hold” and a consensus price target of $75.00.
In related news, Director Carmen Romeo sold 15,000 shares of SEI Investments stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.17, for a total transaction of $1,112,550.00. Following the completion of the sale, the director now owns 1,600,952 shares of the company’s stock, valued at $118,742,609.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Meyer sold 20,424 shares of SEI Investments stock in a transaction on Monday, March 12th. The shares were sold at an average price of $77.44, for a total value of $1,581,634.56. Following the sale, the insider now directly owns 98,276 shares of the company’s stock, valued at approximately $7,610,493.44. The disclosure for this sale can be found here. Insiders have sold 45,348 shares of company stock valued at $3,448,312 in the last three months. 17.30% of the stock is owned by corporate insiders.
SEI Investments stock opened at $65.45 on Tuesday. SEI Investments has a one year low of $49.45 and a one year high of $78.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.43 and a quick ratio of 6.31. The firm has a market capitalization of $10.30 billion, a PE ratio of 28.21, a P/E/G ratio of 1.74 and a beta of 1.28.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, April 25th. The asset manager reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.10. The company had revenue of $405.60 million during the quarter, compared to analyst estimates of $408.10 million. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. analysts anticipate that SEI Investments will post 3.13 EPS for the current fiscal year.
SEI Investments Company Profile
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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