Parametric Portfolio Associates LLC Buys 2,903 Shares of SEI Investments (NASDAQ:SEIC)

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Parametric Portfolio Associates LLC raised its stake in SEI Investments (NASDAQ:SEIC) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 403,395 shares of the asset manager’s stock after acquiring an additional 2,903 shares during the period. Parametric Portfolio Associates LLC’s holdings in SEI Investments were worth $22,630,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. MUFG Securities EMEA plc bought a new stake in SEI Investments in the second quarter valued at approximately $1,066,000. RBF Capital LLC bought a new stake in SEI Investments in the second quarter valued at approximately $1,173,000. Haverford Trust Co. raised its holdings in shares of SEI Investments by 6.7% during the second quarter. Haverford Trust Co. now owns 8,000 shares of the asset manager’s stock valued at $449,000 after acquiring an additional 500 shares in the last quarter. Natixis raised its holdings in shares of SEI Investments by 75.7% during the second quarter. Natixis now owns 109,645 shares of the asset manager’s stock valued at $6,151,000 after acquiring an additional 47,258 shares in the last quarter. Finally, Ossiam bought a new position in shares of SEI Investments during the second quarter valued at approximately $433,000. Hedge funds and other institutional investors own 69.24% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating and set a $63.00 target price for the company. in a report on Tuesday, June 11th. BidaskClub upgraded SEI Investments from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Finally, ValuEngine upgraded SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. SEI Investments has an average rating of “Hold” and an average price target of $61.50.

In related news, insider Dennis Mcgonigle sold 19,722 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $58.19, for a total value of $1,147,623.18. Following the sale, the insider now directly owns 587,262 shares of the company’s stock, valued at $34,172,775.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Doran sold 5,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $61.00, for a total value of $305,000.00. Following the completion of the sale, the director now directly owns 671,915 shares in the company, valued at $40,986,815. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,222 shares of company stock valued at $2,322,423. 22.60% of the stock is owned by corporate insiders.

Shares of SEI Investments stock traded up $0.13 during midday trading on Thursday, reaching $60.37. 17,525 shares of the company’s stock traded hands, compared to its average volume of 320,703. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.61 and a current ratio of 5.78. The company has a market cap of $9.15 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.32. The stock has a 50 day moving average of $57.79 and a 200-day moving average of $55.04. SEI Investments has a 12 month low of $42.27 and a 12 month high of $63.44.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, July 24th. The asset manager reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $409.60 million during the quarter, compared to the consensus estimate of $412.28 million. SEI Investments had a return on equity of 29.86% and a net margin of 29.85%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, equities analysts anticipate that SEI Investments will post 3.22 earnings per share for the current fiscal year.

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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Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments (NASDAQ:SEIC).

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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