Emerald Acquisition Ltd. Takes Position in SEI Investments Co. (SEIC)
Emerald Acquisition Ltd. purchased a new stake in SEI Investments Co. (NASDAQ:SEIC) during the second quarter, Holdings Channel reports. The institutional investor purchased 36,878 shares of the company’s stock, valued at approximately $1,774,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zebra Capital Management LLC bought a new stake in SEI Investments during the first quarter worth approximately $522,000. BB&T Securities LLC boosted its stake in SEI Investments by 14.9% in the first quarter. BB&T Securities LLC now owns 6,444 shares of the company’s stock worth $277,000 after buying an additional 835 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in SEI Investments by 292.2% in the first quarter. Canada Pension Plan Investment Board now owns 120,800 shares of the company’s stock worth $5,200,000 after buying an additional 90,000 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new stake in SEI Investments during the first quarter worth approximately $283,000. Finally, Aviva PLC boosted its stake in SEI Investments by 0.6% in the first quarter. Aviva PLC now owns 64,863 shares of the company’s stock worth $2,792,000 after buying an additional 371 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.
SEI Investments Co. (NASDAQ:SEIC) traded down 0.90% during mid-day trading on Monday, reaching $45.20. The company’s stock had a trading volume of 270,167 shares. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 23.54 and a beta of 1.26. The firm has a 50-day moving average of $45.80 and a 200 day moving average of $47.00. SEI Investments Co. has a 1-year low of $32.01 and a 1-year high of $55.11.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The firm earned $343.83 million during the quarter, compared to analyst estimates of $346.92 million. SEI Investments had a net margin of 23.67% and a return on equity of 24.48%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. Equities analysts expect that SEI Investments Co. will post $1.92 earnings per share for the current year.
A number of research firms recently commented on SEIC. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Keefe, Bruyette & Woods dropped their price objective on SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. dropped their price objective on SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th.
In other news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $44.98, for a total value of $4,048,200.00. Following the completion of the sale, the insider now owns 11,641,864 shares in the company, valued at $523,651,042.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. 17.10% of the stock is owned by insiders.
SEI Investments Company Profile
SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.
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