Public Employees Retirement System of Ohio boosted its holdings in SEI Investments (NASDAQ:SEIC) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,163 shares of the asset manager’s stock after acquiring an additional 9,520 shares during the quarter. Public Employees Retirement System of Ohio owned 0.14% of SEI Investments worth $10,403,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ruggie Capital Group bought a new stake in shares of SEI Investments during the 4th quarter worth $27,000. Oregon Public Employees Retirement Fund boosted its position in shares of SEI Investments by 4,406.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,250,355 shares of the asset manager’s stock worth $70,000 after buying an additional 3,178,224 shares during the period. ETF Managers Group LLC boosted its position in shares of SEI Investments by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 1,722 shares of the asset manager’s stock worth $80,000 after buying an additional 234 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in shares of SEI Investments in the fourth quarter worth $170,000. Finally, FDx Advisors Inc. acquired a new stake in shares of SEI Investments in the third quarter worth $206,000. Hedge funds and other institutional investors own 69.39% of the company’s stock.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $52.65, for a total transaction of $5,265,000.00. Following the transaction, the insider now directly owns 10,106,713 shares in the company, valued at $532,118,439.45. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Klauder bought 3,110 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were bought at an average price of $49.81 per share, for a total transaction of $154,909.10. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 307,103 shares of company stock valued at $16,143,042. 17.30% of the stock is owned by corporate insiders.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.01). SEI Investments had a return on equity of 31.48% and a net margin of 31.15%. The firm had revenue of $405.05 million for the quarter, compared to analysts’ expectations of $403.45 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. SEI Investments’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that SEI Investments will post 3.09 earnings per share for the current fiscal year.
Several analysts have recently commented on SEIC shares. Zacks Investment Research cut SEI Investments from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. BidaskClub raised SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine raised SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. TheStreet raised SEI Investments from a “c+” rating to a “b-” rating in a research report on Tuesday, March 12th. Finally, Oppenheimer decreased their target price on SEI Investments from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, January 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. SEI Investments presently has a consensus rating of “Hold” and a consensus target price of $66.20.
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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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