Taylor Hoffman Wealth Management raised its stake in shares of SEI Investments (NASDAQ:SEIC) by 25.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,857 shares of the asset manager’s stock after purchasing an additional 771 shares during the period. Taylor Hoffman Wealth Management’s holdings in SEI Investments were worth $229,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC raised its position in SEI Investments by 95.0% during the 3rd quarter. Signaturefd LLC now owns 433 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Cutler Group LP raised its position in shares of SEI Investments by 113.5% in the 3rd quarter. Cutler Group LP now owns 565 shares of the asset manager’s stock worth $33,000 after acquiring an additional 4,765 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of SEI Investments in the 2nd quarter worth about $35,000. Meeder Asset Management Inc. raised its position in shares of SEI Investments by 375.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 680 shares of the asset manager’s stock worth $40,000 after acquiring an additional 537 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of SEI Investments in the 2nd quarter worth about $48,000. 69.79% of the stock is owned by institutional investors and hedge funds.

Shares of SEIC stock traded down $0.09 during mid-day trading on Friday, hitting $62.44. The company’s stock had a trading volume of 254,700 shares, compared to its average volume of 609,696. SEI Investments has a 52 week low of $42.27 and a 52 week high of $63.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.59 and a current ratio of 5.74. The company’s fifty day simple moving average is $59.36 and its 200-day simple moving average is $56.56. The company has a market cap of $9.41 billion, a PE ratio of 19.89, a P/E/G ratio of 1.61 and a beta of 1.30.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. SEI Investments had a return on equity of 29.77% and a net margin of 29.95%. The business had revenue of $416.30 million for the quarter, compared to the consensus estimate of $415.52 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. SEI Investments’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that SEI Investments will post 3.24 earnings per share for the current year.

In related news, Director William Doran sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $61.00, for a total value of $305,000.00. Following the transaction, the director now owns 671,915 shares in the company, valued at $40,986,815. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dennis Mcgonigle sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $62.62, for a total value of $1,878,600.00. Following the completion of the transaction, the executive vice president now owns 607,034 shares in the company, valued at approximately $38,012,469.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,500 shares of company stock worth $2,767,755. 22.60% of the stock is owned by company insiders.

Several research analysts have recently weighed in on SEIC shares. BidaskClub raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. ValuEngine lowered SEI Investments from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.50.

SEI Investments Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.

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Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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