Teacher Retirement System of Texas Buys 2,369 Shares of SEI Investments Co. (SEIC)
Teacher Retirement System of Texas increased its position in shares of SEI Investments Co. (NASDAQ:SEIC) by 31.1% during the second quarter, Holdings Channel reports. The fund owned 9,990 shares of the company’s stock after buying an additional 2,369 shares during the period. Teacher Retirement System of Texas’ holdings in SEI Investments were worth $481,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Gateway Investment Advisers LLC boosted its position in shares of SEI Investments by 1.1% in the second quarter. Gateway Investment Advisers LLC now owns 4,820 shares of the company’s stock valued at $232,000 after buying an additional 53 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in shares of SEI Investments during the first quarter valued at $255,000. HL Financial Services LLC bought a new position in shares of SEI Investments during the second quarter valued at $276,000. BB&T Securities LLC boosted its position in shares of SEI Investments by 14.9% in the first quarter. BB&T Securities LLC now owns 6,444 shares of the company’s stock valued at $277,000 after buying an additional 835 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of SEI Investments during the first quarter valued at $283,000. 70.29% of the stock is currently owned by institutional investors.
Shares of SEI Investments Co. (NASDAQ:SEIC) traded down 0.55% on Thursday, hitting $44.80. The company’s stock had a trading volume of 50,240 shares. The stock’s 50 day moving average price is $45.68 and its 200 day moving average price is $47.14. The stock has a market capitalization of $7.23 billion, a P/E ratio of 23.33 and a beta of 1.26. SEI Investments Co. has a 52 week low of $32.01 and a 52 week high of $55.11.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company earned $343.83 million during the quarter, compared to the consensus estimate of $346.92 million. SEI Investments had a net margin of 23.67% and a return on equity of 24.48%. SEI Investments’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, analysts forecast that SEI Investments Co. will post $1.92 earnings per share for the current fiscal year.
Several brokerages recently weighed in on SEIC. Oppenheimer Holdings Inc. reduced their price target 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. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, Keefe, Bruyette & Woods reduced their price target 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.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $44.98, for a total transaction of $4,048,200.00. Following the sale, the insider now directly owns 11,641,864 shares of the company’s stock, valued at approximately $523,651,042.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.10% of the company’s stock.
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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