SEI Investments Company (NASDAQ:SEIC) Shares Bought by World Asset Management Inc
World Asset Management Inc boosted its stake in SEI Investments Company (NASDAQ:SEIC) by 8.7% during the second quarter, Holdings Channel reports. The firm owned 10,118 shares of the asset manager’s stock after buying an additional 814 shares during the period. World Asset Management Inc’s holdings in SEI Investments were worth $544,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SEIC. Loomis Sayles & Co. L P boosted its position in shares of SEI Investments by 1.2% in the first quarter. Loomis Sayles & Co. L P now owns 14,210,594 shares of the asset manager’s stock valued at $716,782,000 after buying an additional 163,767 shares during the period. Vanguard Group Inc. boosted its position in shares of SEI Investments by 4.8% in the first quarter. Vanguard Group Inc. now owns 12,903,413 shares of the asset manager’s stock valued at $650,849,000 after buying an additional 595,691 shares during the period. BlackRock Inc. boosted its position in shares of SEI Investments by 3,644.6% in the first quarter. BlackRock Inc. now owns 12,750,729 shares of the asset manager’s stock valued at $643,148,000 after buying an additional 12,410,221 shares during the period. Boston Partners boosted its position in shares of SEI Investments by 12.8% in the first quarter. Boston Partners now owns 2,990,529 shares of the asset manager’s stock valued at $150,843,000 after buying an additional 339,121 shares during the period. Finally, Parnassus Investments CA boosted its position in shares of SEI Investments by 16.6% in the first quarter. Parnassus Investments CA now owns 1,300,000 shares of the asset manager’s stock valued at $65,572,000 after buying an additional 185,000 shares during the period. 70.07% of the stock is currently owned by institutional investors.
SEI Investments Company (NASDAQ:SEIC) opened at 56.11 on Thursday. The company has a 50-day moving average price of $55.10 and a 200 day moving average price of $51.92. SEI Investments Company has a 52 week low of $42.90 and a 52 week high of $57.50. The company has a market cap of $8.87 billion, a PE ratio of 25.73 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million during the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, equities research analysts forecast that SEI Investments Company will post $2.28 EPS for the current fiscal year.
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Several research analysts recently issued reports on SEIC shares. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $58.00 price objective on shares of SEI Investments in a research note on Thursday, July 27th. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Oppenheimer Holdings, Inc. increased their price objective on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 11th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of SEI Investments in a research note on Thursday, April 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $59.75.
In other SEI Investments news, insider Dennis Mcgonigle sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $56.35, for a total value of $845,250.00. Following the completion of the transaction, the insider now owns 612,034 shares in the company, valued at $34,488,115.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alfred P. West, Jr. sold 84,116 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $51.92, for a total transaction of $4,367,302.72. Following the completion of the transaction, the insider now owns 10,952,166 shares of the company’s stock, valued at approximately $568,636,458.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 382,500 shares of company stock valued at $20,982,527. Insiders own 17.10% of the company’s stock.
About SEI Investments
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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