Royce & Associates LP trimmed its position in SEI Investments (NASDAQ:SEIC) by 8.0% in the fourth quarter, Holdings Channel reports. The fund owned 562,039 shares of the asset manager’s stock after selling 49,032 shares during the quarter. Royce & Associates LP’s holdings in SEI Investments were worth $40,388,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in SEIC. Frontier Capital Management Co. LLC lifted its stake in shares of SEI Investments by 51.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 968,388 shares of the asset manager’s stock valued at $59,130,000 after acquiring an additional 328,037 shares during the last quarter. BlackRock Inc. lifted its stake in shares of SEI Investments by 1.9% in the 4th quarter. BlackRock Inc. now owns 13,949,844 shares of the asset manager’s stock valued at $1,002,436,000 after acquiring an additional 254,860 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of SEI Investments by 382.4% in the 4th quarter. First Trust Advisors LP now owns 308,516 shares of the asset manager’s stock valued at $22,170,000 after acquiring an additional 244,567 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of SEI Investments by 88.3% in the 3rd quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock valued at $31,123,000 after acquiring an additional 239,000 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of SEI Investments by 268.8% in the 4th quarter. Acadian Asset Management LLC now owns 288,565 shares of the asset manager’s stock valued at $20,737,000 after acquiring an additional 210,319 shares during the last quarter. Institutional investors own 70.03% of the company’s stock.
Shares of SEI Investments (SEIC) opened at $73.76 on Friday. The firm has a market capitalization of $11,585.41, a price-to-earnings ratio of 31.66, a P/E/G ratio of 1.90 and a beta of 1.30. SEI Investments has a 1-year low of $49.04 and a 1-year high of $77.49. 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 posted its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.15. The business had revenue of $408.22 million during 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%. SEI Investments’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. equities analysts anticipate that SEI Investments will post 3.24 EPS for the current fiscal year.
SEI Investments announced that its board has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
In related news, insider N Jeffrey Klauder sold 20,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $68.39, for a total value of $1,367,800.00. Following the completion of the sale, the insider now directly owns 62,194 shares in the company, valued at $4,253,447.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dennis Mcgonigle sold 15,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $69.63, for a total value of $1,044,450.00. The disclosure for this sale can be found here. Insiders sold 53,750 shares of company stock valued at $3,722,650 over the last 90 days. 16.50% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on SEIC shares. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Mizuho restated a “buy” rating and issued a $72.00 price objective on shares of SEI Investments in a report on Friday, November 17th. Finally, Oppenheimer restated a “buy” rating and issued a $80.00 price objective on shares of SEI Investments in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $73.50.
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SEI Investments Company 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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