Kayne Anderson Rudnick Investment Management LLC bought a new stake in SEI Investments (NASDAQ:SEIC) during the 1st quarter, HoldingsChannel.com reports. The fund bought 194,044 shares of the asset manager’s stock, valued at approximately $14,536,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in SEI Investments by 12.7% during the 4th quarter. Victory Capital Management Inc. now owns 46,345 shares of the asset manager’s stock worth $3,330,000 after acquiring an additional 5,228 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in SEI Investments by 73.5% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,900 shares of the asset manager’s stock worth $424,000 after acquiring an additional 2,500 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in SEI Investments during the 4th quarter worth approximately $2,941,000. LPL Financial LLC boosted its stake in SEI Investments by 11.8% during the 4th quarter. LPL Financial LLC now owns 27,624 shares of the asset manager’s stock worth $1,985,000 after acquiring an additional 2,916 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in SEI Investments by 9.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 80,246 shares of the asset manager’s stock worth $5,767,000 after acquiring an additional 6,662 shares during the last quarter. 69.98% of the stock is currently owned by institutional investors.
Shares of SEI Investments opened at $65.05 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.31 and a current ratio of 6.43. SEI Investments has a twelve month low of $49.45 and a twelve month high of $78.35. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 1.73 and a beta of 1.28.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, April 25th. The asset manager reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.10. SEI Investments had a net margin of 28.97% and a return on equity of 29.07%. The firm had revenue of $405.60 million for the quarter, compared to analyst estimates of $408.10 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. analysts anticipate that SEI Investments will post 3.13 earnings per share for the current year.
In other news, insider Stephen Meyer sold 20,424 shares of SEI Investments stock in a transaction that occurred 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 in the company, valued at $7,610,493.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carmen Romeo sold 15,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 in the company, valued at $118,742,609.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,348 shares of company stock worth $3,448,312. Insiders own 16.50% of the company’s stock.
Several research analysts recently weighed in on the stock. Oppenheimer reissued a “buy” rating and set a $80.00 price objective on shares of SEI Investments in a research note on Thursday, February 1st. Zacks Investment Research lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Sandler O’Neill set a $81.00 price objective on shares of SEI Investments and gave the stock a “buy” rating in a research note on Tuesday, April 10th. BidaskClub raised shares of SEI Investments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd. Finally, William Blair lowered shares of SEI Investments from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $75.00.
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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