SEI Investments (SEIC) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC reduced its holdings in shares of SEI Investments (NASDAQ:SEIC) by 63.6% in the first quarter, Holdings Channel reports. The fund owned 700 shares of the asset manager’s stock after selling 1,223 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in SEI Investments were worth $36,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SEIC. Ruggie Capital Group bought a new stake in shares of SEI Investments during the 4th quarter worth approximately $27,000. Global Retirement Partners LLC lifted its stake in shares of SEI Investments by 67.9% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the asset manager’s stock worth $35,000 after acquiring an additional 309 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of SEI Investments by 4,406.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,250,355 shares of the asset manager’s stock worth $70,000 after acquiring an additional 3,178,224 shares during the last quarter. ETF Managers Group LLC lifted its stake in shares of SEI Investments by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 1,722 shares of the asset manager’s stock worth $80,000 after acquiring an additional 234 shares during the last quarter. Finally, First Bank & Trust bought a new stake in shares of SEI Investments during the 1st quarter worth approximately $93,000. 69.39% of the stock is owned by hedge funds and other institutional investors.

SEIC opened at $58.34 on Monday. The firm has a market capitalization of $8.89 billion, a PE ratio of 18.58, a P/E/G ratio of 1.58 and a beta of 1.24. SEI Investments has a 12 month low of $42.27 and a 12 month high of $71.15.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 30th. The asset manager reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.01). The company had revenue of $405.05 million during the quarter, compared to the consensus estimate of $403.45 million. SEI Investments had a return on equity of 31.48% and a net margin of 31.15%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, research analysts anticipate that SEI Investments will post 3.09 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. TheStreet raised SEI Investments from a “c+” rating to a “b-” rating in a research report on Tuesday, March 12th. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Friday, April 12th. 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. Finally, Keefe, Bruyette & Woods lowered SEI Investments from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $56.00 to $64.00 in a research report on Sunday, April 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $66.20.

In related news, EVP Wayne Withrow sold 10,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $50.50, for a total transaction of $505,000.00. Following the transaction, the executive vice president now directly owns 41,714 shares in the company, valued at approximately $2,106,557. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul Klauder purchased 3,110 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were purchased 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 90 days, insiders have sold 307,103 shares of company stock worth $16,143,042. 17.30% of the stock is owned by company insiders.

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SEI Investments Company 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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