Emerald Advisers Inc. PA Reduces Stake in SEI Investments Co. (SEIC)
Emerald Advisers Inc. PA decreased its position in shares of SEI Investments Co. (NASDAQ:SEIC) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,710 shares of the company’s stock after selling 740 shares during the period. Emerald Advisers Inc. PA’s holdings in SEI Investments were worth $4,316,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of SEI Investments by 3.4% in the first quarter. Geode Capital Management LLC now owns 979,410 shares of the company’s stock worth $42,141,000 after buying an additional 31,798 shares during the period. Dividend Assets Capital LLC acquired a new position in shares of SEI Investments during the second quarter worth about $31,140,000. RS Investment Management Co. LLC raised its position in shares of SEI Investments by 7.8% in the second quarter. RS Investment Management Co. LLC now owns 590,598 shares of the company’s stock worth $28,414,000 after buying an additional 42,688 shares during the period. JPMorgan Chase & Co. raised its position in shares of SEI Investments by 70.0% in the first quarter. JPMorgan Chase & Co. now owns 586,533 shares of the company’s stock worth $25,251,000 after buying an additional 241,599 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of SEI Investments by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 131,020 shares of the company’s stock worth $5,640,000 after buying an additional 2,814 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.
SEI Investments Co. (NASDAQ:SEIC) traded down 0.67% on Friday, reaching $44.81. The company had a trading volume of 685,082 shares. SEI Investments Co. has a 52-week low of $32.01 and a 52-week high of $55.11. The company’s 50-day moving average is $45.61 and its 200-day moving average is $47.15. The company has a market capitalization of $7.23 billion, a PE ratio of 23.34 and a beta of 1.26.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. The company 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 revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. Equities analysts anticipate that SEI Investments Co. will post $1.92 EPS for the current fiscal year.
A number of research analysts have recently issued reports on SEIC shares. Zacks Investment Research upgraded SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Oppenheimer Holdings Inc. decreased their target price on SEI Investments from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods decreased their target price on SEI Investments from $51.00 to $47.00 and set a “market perform” rating on the stock in a research report on Thursday, July 28th.
In other news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 11,641,864 shares of the company’s stock, valued at $523,651,042.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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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