First Trust Advisors LP reduced its position in SEI Investments Co. (NASDAQ:SEIC) by 83.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,538 shares of the company’s stock after selling 158,030 shares during the period. First Trust Advisors LP’s holdings in SEI Investments were worth $1,469,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of SEI Investments by 3.4% in the first quarter. Geode Capital Management LLC now owns 979,410 shares of the company’s stock worth $42,141,000 after buying an additional 31,798 shares during the last quarter. RS Investment Management Co. LLC increased its stake in shares of SEI Investments by 7.8% in the second quarter. RS Investment Management Co. LLC now owns 590,598 shares of the company’s stock worth $28,414,000 after buying an additional 42,688 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of SEI Investments during the second quarter worth about $1,063,000. Metropolitan Life Insurance Co. NY increased its stake in shares of SEI Investments by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 131,020 shares of the company’s stock worth $5,640,000 after buying an additional 2,814 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C increased its stake in shares of SEI Investments by 32.5% in the first quarter. Atlanta Capital Management Co. L L C now owns 7,039,569 shares of the company’s stock worth $303,054,000 after buying an additional 1,725,468 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.
SEI Investments Co. (NASDAQ:SEIC) traded down 1.84% on Thursday, hitting $45.39. 297,547 shares of the stock were exchanged. The company has a 50-day moving average of $45.85 and a 200-day moving average of $46.98. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 23.64 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 earnings results on Wednesday, July 27th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 earned $343.83 million during the quarter, compared to analysts’ expectations of $346.92 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts predict that SEI Investments Co. will post $1.92 EPS for the current year.
SEIC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Oppenheimer Holdings Inc. reduced their price objective on shares of SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a research report on Thursday, July 28th.
In related news, major shareholder Alfred P. West, Jr. sold 90,000 shares of SEI Investments stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $44.98, for a total transaction of $4,048,200.00. Following the completion of the transaction, the insider now directly owns 11,641,864 shares of the company’s stock, valued at approximately $523,651,042.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 17.10% of the company’s stock.
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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