Robeco Institutional Asset Management B.V. decreased its stake in SEI Investments Co. (NASDAQ:SEIC) by 21.4% during the second quarter, Holdings Channel reports. The fund owned 27,500 shares of the company’s stock after selling 7,500 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in SEI Investments were worth $1,323,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Gateway Investment Advisers LLC boosted its stake in SEI Investments by 1.1% in the second quarter. Gateway Investment Advisers LLC now owns 4,820 shares of the company’s stock valued at $232,000 after buying an additional 53 shares during the last quarter. Commonwealth Equity Services Inc purchased a new position in shares of SEI Investments during the first quarter worth approximately $255,000. BB&T Securities LLC boosted its position in shares of SEI Investments by 14.9% in the first quarter. BB&T Securities LLC now owns 6,444 shares of the company’s stock worth $277,000 after buying an additional 835 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of SEI Investments during the first quarter worth approximately $283,000. Finally, Atria Investments LLC purchased a new position in shares of SEI Investments during the second quarter worth approximately $290,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.
SEI Investments Co. (NASDAQ:SEIC) traded down 1.16% during mid-day trading on Friday, reaching $46.08. The company had a trading volume of 365,764 shares. The firm has a 50-day moving average price of $45.90 and a 200 day moving average price of $46.80. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 24.00 and a beta of 1.28. SEI Investments Co. has a 12-month low of $32.01 and a 12-month high of $55.11.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. SEI Investments had a return on equity of 24.48% and a net margin of 23.67%. The company had revenue of $343.83 million for the quarter, compared to the consensus estimate of $346.92 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. Analysts expect that SEI Investments Co. will post $1.92 EPS for the current year.
SEIC has been the subject of a number of research reports. Oppenheimer Holdings Inc. dropped their price target on SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Keefe, Bruyette & Woods dropped their price target on SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a research note on Thursday, July 28th.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $44.98, for a total value of $4,048,200.00. Following the completion of the sale, the insider now directly owns 11,641,864 shares of the company’s stock, valued at $523,651,042.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is currently owned by company insiders.
About SEI Investments
SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.
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