GW Henssler & Associates Ltd. boosted its position in SEI Investments Co. (NASDAQ:SEIC) by 9.9% during the second quarter, Holdings Channel reports. The firm owned 204,005 shares of the company’s stock after buying an additional 18,349 shares during the period. GW Henssler & Associates Ltd.’s holdings in SEI Investments were worth $9,815,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Atlanta Capital Management Co. L L C boosted its position in shares of SEI Investments by 32.5% in the first quarter. Atlanta Capital Management Co. L L C now owns 7,039,569 shares of the company’s stock valued at $303,054,000 after buying an additional 1,725,468 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of SEI Investments by 9.4% in the first quarter. Loomis Sayles & Co. L P now owns 11,987,507 shares of the company’s stock valued at $516,062,000 after buying an additional 1,033,841 shares in the last quarter. Dividend Assets Capital LLC acquired a new stake in SEI Investments during the second quarter worth approximately $31,140,000. AXA boosted its stake in SEI Investments by 60.4% in the first quarter. AXA now owns 1,005,087 shares of the company’s stock worth $43,269,000 after buying an additional 378,405 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in SEI Investments by 70.0% in the first quarter. JPMorgan Chase & Co. now owns 586,533 shares of the company’s stock worth $25,251,000 after buying an additional 241,599 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.
Shares of SEI Investments Co. (NASDAQ:SEIC) traded up 0.41% during mid-day trading on Friday, hitting $44.19. The company had a trading volume of 570,475 shares. SEI Investments Co. has a 12 month low of $32.01 and a 12 month high of $55.11. The firm has a 50-day moving average price of $45.43 and a 200 day moving average price of $47.19. The firm has a market capitalization of $7.13 billion, a P/E 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. SEI Investments had a net margin of 23.67% and a return on equity of 24.48%. The firm earned $343.83 million during the quarter, compared to analyst estimates of $346.92 million. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that SEI Investments Co. will post $1.92 earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. Zacks Investment Research cut SEI Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Oppenheimer Holdings Inc. cut their price objective on SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods cut their price objective on SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a research report on Thursday, July 28th.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 11,641,864 shares of the company’s stock, valued at approximately $523,651,042.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.