Nicholas Company Inc. Has $10,820,000 Holdings in SEI Investments Company (SEIC)
Nicholas Company Inc. maintained its position in SEI Investments Company (NASDAQ:SEIC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,200 shares of the asset manager’s stock at the end of the 2nd quarter. Nicholas Company Inc. owned about 0.13% of SEI Investments worth $10,820,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of SEI Investments by 32.2% during the first quarter. JPMorgan Chase & Co. now owns 320,687 shares of the asset manager’s stock valued at $16,176,000 after acquiring an additional 78,158 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of SEI Investments by 4.2% during the second quarter. Confluence Investment Management LLC now owns 268,543 shares of the asset manager’s stock valued at $14,442,000 after acquiring an additional 10,744 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of SEI Investments by 2.5% during the first quarter. UBS Asset Management Americas Inc. now owns 702,422 shares of the asset manager’s stock valued at $35,430,000 after acquiring an additional 17,422 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of SEI Investments by 1.1% during the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock valued at $405,000 after acquiring an additional 88 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of SEI Investments during the second quarter valued at $208,000. 68.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of SEI Investments Company (NASDAQ:SEIC) traded up 0.65% during mid-day trading on Friday, reaching $57.58. The company’s stock had a trading volume of 807,379 shares. The company has a market capitalization of $9.10 billion, a PE ratio of 26.40 and a beta of 1.33. The firm’s 50 day moving average is $56.64 and its 200-day moving average is $53.22. SEI Investments Company has a 52-week low of $43.54 and a 52-week high of $58.62.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, July 26th. The asset manager reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The business had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. SEI Investments’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts forecast that SEI Investments Company will post $2.28 EPS for the current year.
In other SEI Investments news, insider Joseph P. Ujobai sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $53.70, for a total value of $1,342,500.00. Following the transaction, the insider now owns 37,540 shares in the company, valued at $2,015,898. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $56.40, for a total value of $5,640,000.00. Following the completion of the transaction, the insider now owns 10,836,282 shares in the company, valued at approximately $611,166,304.80. The disclosure for this sale can be found here. Insiders have sold 280,000 shares of company stock worth $15,693,150 in the last quarter. 16.50% of the stock is currently owned by corporate insiders.
A number of analysts recently commented on the company. BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Mizuho assumed coverage on SEI Investments in a research note on Tuesday, June 27th. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Oppenheimer Holdings, Inc. increased their price objective on SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $54.00 price target on shares of SEI Investments in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $59.75.
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SEI Investments Profile
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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