Public Employees Retirement Association of Colorado Sells 2,281 Shares of SEI Investments Co. (SEIC)
Public Employees Retirement Association of Colorado lowered its position in SEI Investments Co. (NASDAQ:SEIC) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 350,132 shares of the company’s stock after selling 2,281 shares during the period. Public Employees Retirement Association of Colorado’s holdings in SEI Investments were worth $16,845,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of SEIC. Geode Capital Management LLC boosted its position in 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 in the last quarter. Dividend Assets Capital LLC bought a new position in SEI Investments during the second quarter worth $31,140,000. RS Investment Management Co. LLC boosted its position in 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 in the last quarter. JPMorgan Chase & Co. boosted its position in 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 in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in 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 in the last quarter. Institutional investors own 70.29% of the company’s stock.
SEI Investments Co. (NASDAQ:SEIC) traded up 0.75% during midday trading on Wednesday, hitting $44.62. 138,732 shares of the stock were exchanged. The stock has a market cap of $7.20 billion, a P/E ratio of 23.24 and a beta of 1.26. SEI Investments Co. has a one year low of $32.01 and a one year high of $55.11. The firm has a 50-day moving average price of $45.54 and a 200-day moving average price of $47.23.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 27th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. SEI Investments had a net margin of 23.67% and a return on equity of 24.48%. The business earned $343.83 million during the quarter, compared to analyst estimates of $346.92 million. During the same period last year, the business posted $0.51 EPS. SEI Investments’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that SEI Investments Co. will post $1.92 EPS for the current fiscal year.
SEIC has been the subject of a number of research reports. Zacks Investment Research lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Oppenheimer Holdings Inc. dropped their target price on shares of SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday, July 28th.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the firm’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 of the company’s stock, valued at $523,651,042.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 17.10% of the stock is owned by company 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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