NumerixS Investment Technologies Inc bought a new stake in SEI Investments (NASDAQ:SEIC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,300 shares of the asset manager’s stock, valued at approximately $333,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC boosted its stake in shares of SEI Investments by 5.6% during the 2nd quarter. FMR LLC now owns 206,863 shares of the asset manager’s stock worth $12,934,000 after acquiring an additional 11,055 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of SEI Investments by 29.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 184,537 shares of the asset manager’s stock worth $11,539,000 after acquiring an additional 42,133 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SEI Investments by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 516,778 shares of the asset manager’s stock worth $32,311,000 after acquiring an additional 7,104 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of SEI Investments by 30.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,134,674 shares of the asset manager’s stock worth $70,940,000 after acquiring an additional 268,000 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of SEI Investments by 2.3% during the 2nd quarter. BlackRock Inc. now owns 13,385,091 shares of the asset manager’s stock worth $836,835,000 after acquiring an additional 298,517 shares in the last quarter. Hedge funds and other institutional investors own 68.86% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub lowered SEI Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Finally, Mizuho reissued a “buy” rating and set a $85.00 price objective on shares of SEI Investments in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. SEI Investments currently has an average rating of “Buy” and a consensus target price of $78.75.
SEIC opened at $63.18 on Thursday. The firm has a market cap of $9.89 billion, a PE ratio of 22.37, a P/E/G ratio of 1.67 and a beta of 1.14. SEI Investments has a fifty-two week low of $55.72 and a fifty-two week high of $78.35.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Thursday, July 19th. The asset manager reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). The company had revenue of $404.80 million for the quarter, compared to the consensus estimate of $405.58 million. SEI Investments had a return on equity of 29.98% and a net margin of 30.25%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. research analysts anticipate that SEI Investments will post 3.15 earnings per share for the current year.
SEI Investments announced that its Board of Directors has approved a stock buyback program on Wednesday, May 30th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the asset manager to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Kevin Barr sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $59.14, for a total value of $1,478,500.00. Following the completion of the sale, the executive vice president now owns 69,134 shares of the company’s stock, valued at $4,088,584.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph P. Ujobai sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $66.52, for a total value of $1,330,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,973 shares of company stock valued at $2,986,744. 16.50% of the stock is currently owned by insiders.
About SEI Investments
SEI Investments Co 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.
Featured Article: Closed-End Mutual Funds (CEFs)
Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.