The SEI Investments Co. (SEIC) Stake Decreased by BlackRock Advisors LLC

The SEI Investments Co. (SEIC) Stake Decreased by BlackRock Advisors LLC

BlackRock Advisors LLC lowered its stake in SEI Investments Co. (NASDAQ:SEIC) by 3.1% during the second quarter, Holdings Channel reports. The fund owned 173,923 shares of the company’s stock after selling 5,532 shares during the period. BlackRock Advisors LLC owned about 0.11% of SEI Investments worth $8,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SEIC. Zebra Capital Management LLC acquired a new position in shares of SEI Investments during the first quarter valued at approximately $522,000. BB&T Securities LLC raised its stake in shares of SEI Investments by 14.9% in the first quarter. BB&T Securities LLC now owns 6,444 shares of the company’s stock valued at $277,000 after buying an additional 835 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of SEI Investments by 292.2% in the first quarter. Canada Pension Plan Investment Board now owns 120,800 shares of the company’s stock valued at $5,200,000 after buying an additional 90,000 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of SEI Investments during the first quarter valued at about $283,000. Finally, Aviva PLC raised its stake in shares of SEI Investments by 0.6% in the first quarter. Aviva PLC now owns 64,863 shares of the company’s stock valued at $2,792,000 after buying an additional 371 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Shares of SEI Investments Co. (NASDAQ:SEIC) opened at 44.29 on Wednesday. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 23.07 and a beta of 1.26. SEI Investments Co. has a 1-year low of $32.01 and a 1-year high of $55.11. The stock’s 50 day moving average price is $45.54 and its 200-day moving average price is $47.23.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, July 27th. The company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. The company earned $343.83 million during the quarter, compared to analysts’ expectations of $346.92 million. SEI Investments had a return on equity of 24.48% and a net margin of 23.67%. SEI Investments’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. On average, equities research analysts forecast that SEI Investments Co. will post $1.92 earnings per share for the current year.

Several analysts have issued reports on SEIC shares. Zacks Investment Research raised SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Keefe, Bruyette & Woods cut their target price on SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a research note on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. cut their target price on SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th.

In related news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the business’s 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 completion of the transaction, the insider now owns 11,641,864 shares in the company, valued at approximately $523,651,042.72. The transaction was disclosed in a document filed with the SEC, which is available through 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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