Commonwealth Equity Services LLC decreased its stake in SEI Investments (NASDAQ:SEIC) by 2.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,126 shares of the asset manager’s stock after selling 201 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SEI Investments were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC increased its position in shares of SEI Investments by 19.9% in the first quarter. FMR LLC now owns 211,097 shares of the asset manager’s stock worth $11,030,000 after acquiring an additional 35,067 shares in the last quarter. First Trust Advisors LP acquired a new position in SEI Investments during the first quarter valued at $1,155,000. Public Employees Retirement Association of Colorado raised its position in SEI Investments by 31.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 18,701 shares of the asset manager’s stock valued at $867,000 after buying an additional 4,516 shares during the period. Aperio Group LLC lifted its stake in SEI Investments by 15.9% in the 1st quarter. Aperio Group LLC now owns 51,471 shares of the asset manager’s stock worth $2,386,000 after acquiring an additional 7,064 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in SEI Investments by 8.7% during the 1st quarter. Rhumbline Advisers now owns 394,596 shares of the asset manager’s stock worth $18,286,000 after acquiring an additional 31,628 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SEIC stock opened at $50.06 on Wednesday. SEI Investments has a 12 month low of $35.40 and a 12 month high of $69.61. The firm has a market cap of $7.33 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The stock has a 50 day moving average of $52.25 and a 200-day moving average of $52.14.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 22nd. The asset manager reported $0.68 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. SEI Investments had a net margin of 28.47% and a return on equity of 27.38%. The firm had revenue of $400.65 million during the quarter, compared to analysts’ expectations of $403.16 million. During the same period in the prior year, the company earned $0.82 EPS. On average, equities analysts expect that SEI Investments will post 2.98 EPS for the current fiscal year.
Several research firms have weighed in on SEIC. BidaskClub lowered shares of SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Oppenheimer lifted their price objective on SEI Investments from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research report on Wednesday, September 9th. TheStreet raised shares of SEI Investments from a “c” rating to a “b-” rating in a research report on Tuesday, June 2nd. Finally, Rosenblatt Securities reissued a “neutral” rating on shares of SEI Investments in a research note on Monday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. SEI Investments currently has a consensus rating of “Hold” and a consensus target price of $55.00.
About SEI Investments
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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