Dimensional Fund Advisors LP raised its position in shares of SEI Investments Company (NASDAQ:SEIC) by 1.2% during the second quarter, according to its most recent disclosure with the Securities Exchange Commission. The institutional investor owned 493,798 shares of the asset manager’s stock after purchasing an additional 5,752 shares during the period. Dimensional Fund Advisors LP owned approximately 0.31% of SEI Investments worth $26,557,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of SEI Investments by 8.2% during the second quarter. Pacer Advisors Inc. now owns 2,675 shares of the asset manager’s stock valued at $144,000 after buying an additional 203 shares during the last quarter. D.A. Davidson CO. grew its stake in shares of SEI Investments by 9.3% during the second quarter. D.A. Davidson CO. now owns 2,983 shares of the asset manager’s stock valued at $160,000 after buying an additional 253 shares during the last quarter. Mosaic Family Wealth LLC grew its stake in shares of SEI Investments by 6.7% during the second quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the asset manager’s stock valued at $171,000 after buying an additional 200 shares during the last quarter. Wedbush Securities Inc. bought a new position in shares of SEI Investments during the second quarter valued at about $208,000. Finally, Gateway Investment Advisers LLC grew its stake in shares of SEI Investments by 2.6% during the second quarter. Gateway Investment Advisers LLC now owns 4,559 shares of the asset manager’s stock valued at $245,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 69.17% of the company’s stock.
In other SEI Investments news, Director William Doran sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $57.49, for a total value of $574,900.00. Following the completion of the sale, the director now directly owns 671,015 shares in the company, valued at $38,576,652.35. The sale was disclosed in a document filed with the Securities Exchange Commission, which is accessible through this link. Also, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $65.33, for a total transaction of $326,650.00. The disclosure for this sale can be found here. Insiders sold 162,500 shares of company stock valued at $10,098,900 over the last 90 days. 16.50% of the stock is currently owned by company insiders.
A number of brokerages have recently issued reports on SEIC. Mizuho reaffirmed a “buy” rating and set a $72.00 price objective on shares of SEI Investments in a research note on Friday. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, October 30th. Oppenheimer Holdings, Inc. raised their target price on SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. Keefe, Bruyette Woods reissued a “hold” rating and issued a $58.00 target price on shares of SEI Investments in a research note on Sunday, September 3rd. Finally, BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $67.25.
SEI Investments Company (SEIC) traded up $0.57 during midday trading on Monday, hitting $67.67. The company had a trading volume of 335,053 shares, compared to its average volume of 560,182. The company has a quick ratio of 5.41, a current ratio of 5.52 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10,570.00, a PE ratio of 29.17, a PEG ratio of 2.38 and a beta of 1.38. SEI Investments Company has a 12 month low of $46.20 and a 12 month high of $67.99.
SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.06. The company had revenue of $368.02 million for the quarter, compared to analysts’ expectations of $384.43 million. SEI Investments had a return on equity of 27.12% and a net margin of 24.94%. SEI Investments’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. equities analysts anticipate that SEI Investments Company will post 2.35 EPS for the current year.
SEI Investments announced that its Board of Directors has approved a stock buyback program on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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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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