California Public Employees Retirement System lifted its holdings in SEI Investments (NASDAQ:SEIC) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 336,884 shares of the asset manager’s stock after purchasing an additional 23,863 shares during the period. California Public Employees Retirement System owned about 0.21% of SEI Investments worth $24,208,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Invictus RG purchased a new stake in shares of SEI Investments during the third quarter worth $111,000. Meeder Asset Management Inc. increased its holdings in SEI Investments by 7,575.0% in the third quarter. Meeder Asset Management Inc. now owns 2,456 shares of the asset manager’s stock valued at $150,000 after buying an additional 2,424 shares during the last quarter. Legacy Advisors LLC purchased a new position in SEI Investments in the third quarter valued at $180,000. Venturi Wealth Management LLC purchased a new position in SEI Investments in the third quarter valued at $208,000. Finally, BLB&B Advisors LLC purchased a new position in SEI Investments in the fourth quarter valued at $208,000. Institutional investors own 70.51% of the company’s stock.
Shares of SEI Investments (NASDAQ:SEIC) traded down $0.67 during midday trading on Wednesday, reaching $75.92. 491,446 shares of the company were exchanged, compared to its average volume of 686,873. The firm has a market capitalization of $12,162.33, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.99 and a beta of 1.28. SEI Investments has a 1 year low of $49.26 and a 1 year high of $78.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.07 and a current ratio of 4.14.
SEIC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 price objective for the company in a research note on Friday, January 5th. BidaskClub upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 3rd. Mizuho restated a “buy” rating and issued a $72.00 price objective on shares of SEI Investments in a research report on Friday, November 17th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $80.00 target price on shares of SEI Investments in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $73.50.
In other news, insider Stephen Meyer sold 20,424 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $77.44, for a total value of $1,581,634.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph P. Ujobai sold 20,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $72.81, for a total transaction of $1,456,200.00. Following the completion of the sale, the executive vice president now directly owns 32,540 shares of the company’s stock, valued at approximately $2,369,237.40. The disclosure for this sale can be found here. Insiders have sold a total of 90,824 shares of company stock worth $6,764,095 in the last ninety days. 16.50% of the stock is currently owned by insiders.
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About SEI Investments
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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