Burney Co. boosted its position in SEI Investments Company (NASDAQ:SEIC) by 59.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,262 shares of the company’s stock after buying an additional 4,555 shares during the period. Burney Co.’s holdings in SEI Investments Company were worth $605,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of SEIC. Bronfman E.L. Rothschild L.P. increased its position in shares of SEI Investments Company by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,054 shares of the company’s stock worth $276,000 after buying an additional 20 shares during the last quarter. Northwest Investment Counselors LLC raised its stake in SEI Investments Company by 0.3% in the third quarter. Northwest Investment Counselors LLC now owns 14,141 shares of the company’s stock worth $645,000 after buying an additional 40 shares during the period. Independent Portfolio Consultants Inc. raised its stake in SEI Investments Company by 0.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 12,776 shares of the company’s stock worth $583,000 after buying an additional 50 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in SEI Investments Company by 0.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,618 shares of the company’s stock worth $2,098,000 after buying an additional 127 shares during the period. Finally, Nicolet Bankshares Inc. raised its stake in SEI Investments Company by 3.5% in the third quarter. Nicolet Bankshares Inc. now owns 6,215 shares of the company’s stock worth $283,000 after buying an additional 208 shares during the period. 71.10% of the stock is owned by institutional investors.
Shares of SEI Investments Company (NASDAQ:SEIC) traded up 0.94% during mid-day trading on Friday, hitting $49.62. The stock had a trading volume of 428,919 shares. The stock has a 50 day moving average of $49.91 and a 200-day moving average of $47.11. SEI Investments Company has a 52 week low of $36.50 and a 52 week high of $52.54. The stock has a market capitalization of $7.89 billion, a P/E ratio of 24.44 and a beta of 1.45.
SEI Investments Company (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company earned $368.80 million during the quarter, compared to analysts’ expectations of $362.34 million. SEI Investments Company had a return on equity of 25.53% and a net margin of 23.82%. SEI Investments Company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. On average, equities research analysts predict that SEI Investments Company will post $2.23 earnings per share for the current year.
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Separately, Zacks Investment Research raised SEI Investments Company from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, January 10th.
In related news, insider Kevin Barr sold 3,925 shares of the company’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $49.61, for a total transaction of $194,719.25. Following the sale, the insider now owns 48,059 shares in the company, valued at $2,384,206.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alfred P. West, Jr. sold 65,000 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $49.00, for a total value of $3,185,000.00. Following the sale, the insider now owns 11,282,282 shares in the company, valued at approximately $552,831,818. The disclosure for this sale can be found here. Insiders have sold 206,425 shares of company stock valued at $10,126,224 over the last ninety days. 17.10% of the stock is owned by insiders.
SEI Investments Company Company Profile
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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