Nicolet Bankshares Inc. reduced its stake in SEI Investments Co. (NASDAQ:SEIC) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 6,007 shares of the company’s stock after selling 237 shares during the period. Nicolet Bankshares Inc.’s holdings in SEI Investments were worth $289,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Zebra Capital Management LLC acquired a new stake in SEI Investments during the first quarter valued at approximately $522,000. BB&T Securities LLC increased its stake in 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 increased its stake in 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 SEI Investments during the first quarter valued at about $283,000. Finally, Aviva PLC increased its stake in 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) traded up 0.41% during mid-day trading on Friday, reaching $44.19. 570,475 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $45.43 and its 200-day moving average is $47.19. SEI Investments Co. has a 52-week low of $32.01 and a 52-week high of $55.11. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 23.02 and a beta of 1.26.
SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, July 27th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by $0.01. The company had revenue of $343.83 million for the quarter, compared to analyst estimates of $346.92 million. SEI Investments had a return on equity of 24.48% and a net margin of 23.67%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. On average, equities analysts expect that SEI Investments Co. will post $1.92 EPS for the current year.
Several analysts recently issued reports on SEIC shares. Zacks Investment Research downgraded shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Keefe, Bruyette & Woods decreased their price objective on shares of SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. decreased their price objective on shares of SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, July 28th.
In other news, major shareholder Alfred P. West, Jr. sold 90,000 shares of SEI Investments stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $44.98, for a total value of $4,048,200.00. Following the sale, the insider now directly owns 11,641,864 shares in the company, valued at $523,651,042.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.