Vanguard Group Inc. boosted its position in shares of SEI Investments Co. (NASDAQ:SEIC) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,879,418 shares of the company’s stock after buying an additional 271,832 shares during the period. Vanguard Group Inc. owned approximately 7.36% of SEI Investments worth $571,519,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Atlanta Capital Management Co. L L C raised its stake in 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 in the last quarter. Norges Bank purchased a new stake in SEI Investments during the fourth quarter worth approximately $59,282,000. Loomis Sayles & Co. L P increased its position in SEI Investments by 9.4% in the first quarter. Loomis Sayles & Co. L P now owns 11,987,507 shares of the company’s stock worth $516,062,000 after buying an additional 1,033,841 shares during the last quarter. Dividend Assets Capital LLC bought a new position in SEI Investments during the second quarter worth about $31,140,000. Finally, Boston Partners increased its position in SEI Investments by 11.9% in the second quarter. Boston Partners now owns 3,643,307 shares of the company’s stock worth $175,280,000 after buying an additional 388,821 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.
SEI Investments Co. (NASDAQ:SEIC) opened at 45.61 on Friday. The firm’s 50-day moving average is $45.80 and its 200 day moving average is $47.00. The firm has a market cap of $7.36 billion, a P/E ratio of 23.76 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 analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $343.83 million for the quarter, compared to the consensus estimate of $346.92 million. SEI Investments had a net margin of 23.67% and a return on equity of 24.48%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. Equities analysts forecast that SEI Investments Co. will post $1.92 earnings per share for the current year.
A number of research firms recently issued reports on SEIC. Zacks Investment Research downgraded shares of SEI Investments from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Keefe, Bruyette & Woods dropped their target price on shares of SEI Investments from $51.00 to $47.00 and set a “market perform” rating on the stock in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. dropped their target price on shares of SEI Investments from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, July 28th.
In related news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $44.98, for a total transaction of $4,048,200.00. Following the sale, the insider now owns 11,641,864 shares in the company, valued at approximately $523,651,042.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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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