Profund Advisors LLC Buys 207 Shares of SEI Investments (NASDAQ:SEIC)

Profund Advisors LLC raised its stake in shares of SEI Investments (NASDAQ:SEICGet Rating) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,637 shares of the asset manager’s stock after purchasing an additional 207 shares during the quarter. Profund Advisors LLC’s holdings in SEI Investments were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC lifted its holdings in shares of SEI Investments by 16.4% in the 1st quarter. ProShare Advisors LLC now owns 399,213 shares of the asset manager’s stock worth $24,036,000 after acquiring an additional 56,138 shares during the last quarter. Moody Aldrich Partners LLC lifted its holdings in shares of SEI Investments by 33.1% in the 1st quarter. Moody Aldrich Partners LLC now owns 34,853 shares of the asset manager’s stock worth $2,098,000 after acquiring an additional 8,660 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of SEI Investments by 21.4% in the 1st quarter. TD Asset Management Inc. now owns 161,146 shares of the asset manager’s stock worth $9,703,000 after acquiring an additional 28,429 shares during the last quarter. Wrapmanager Inc. bought a new stake in shares of SEI Investments in the 1st quarter worth approximately $265,000. Finally, Van ECK Associates Corp lifted its holdings in shares of SEI Investments by 10.9% in the 1st quarter. Van ECK Associates Corp now owns 15,420 shares of the asset manager’s stock worth $928,000 after acquiring an additional 1,514 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. William Blair restated a “mkt perform” rating on shares of SEI Investments in a report on Monday, July 25th. Morgan Stanley decreased their target price on shares of SEI Investments from $55.00 to $52.00 and set an “underweight” rating on the stock in a research note on Thursday, July 21st. The Goldman Sachs Group decreased their target price on shares of SEI Investments to $58.00 in a research note on Friday, July 22nd. Keefe, Bruyette & Woods decreased their target price on shares of SEI Investments from $62.00 to $55.00 in a research note on Thursday, July 14th. Finally, StockNews.com downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.50.

Insider Transactions at SEI Investments

In other news, EVP Wayne Withrow sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $55.78, for a total value of $836,700.00. Following the sale, the executive vice president now directly owns 38,799 shares of the company’s stock, valued at approximately $2,164,208.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dennis Mcgonigle sold 35,000 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $55.15, for a total value of $1,930,250.00. Following the sale, the insider now directly owns 576,663 shares of the company’s stock, valued at approximately $31,802,964.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wayne Withrow sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $55.78, for a total transaction of $836,700.00. Following the completion of the sale, the executive vice president now directly owns 38,799 shares in the company, valued at $2,164,208.22. The disclosure for this sale can be found here. Insiders own 25.40% of the company’s stock.

SEI Investments Trading Down 2.9 %

Shares of SEI Investments stock opened at $54.53 on Friday. The company’s fifty day simple moving average is $54.96 and its two-hundred day simple moving average is $56.65. The company has a market cap of $7.39 billion, a P/E ratio of 13.08, a PEG ratio of 1.26 and a beta of 0.99. SEI Investments has a 12-month low of $51.07 and a 12-month high of $65.22.

SEI Investments (NASDAQ:SEICGet Rating) last issued its quarterly earnings data on Wednesday, July 20th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The company had revenue of $481.67 million for the quarter, compared to analysts’ expectations of $472.18 million. SEI Investments had a net margin of 28.53% and a return on equity of 30.81%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. Analysts predict that SEI Investments will post 3.71 EPS for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Monday, June 13th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 10th. This is an increase from SEI Investments’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.93%. SEI Investments’s dividend payout ratio is currently 19.18%.

SEI Investments declared that its Board of Directors has initiated a share buyback program on Wednesday, June 1st that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the asset manager to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

SEI Investments Company Profile

(Get Rating)

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.

Featured Articles



Receive News & Ratings for SEI Investments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SEI Investments and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *