Frontier Capital Management Co. LLC bought a new position in shares of SEI Investments Company (NASDAQ:SEIC) during the fourth quarter, Holdings Channel reports. The fund bought 288,275 shares of the company’s stock, valued at approximately $14,229,000.
Several other large investors have also made changes to their positions in the stock. Loomis Sayles & Co. L P raised its position in shares of SEI Investments Company by 7.1% in the second quarter. Loomis Sayles & Co. L P now owns 12,835,153 shares of the company’s stock worth $617,499,000 after buying an additional 847,646 shares during the period. BlackRock Fund Advisors raised its position in shares of SEI Investments Company by 4.7% in the third quarter. BlackRock Fund Advisors now owns 5,169,089 shares of the company’s stock valued at $235,762,000 after buying an additional 232,935 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of SEI Investments Company by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 2,379,280 shares of the company’s stock valued at $108,518,000 after buying an additional 55,426 shares during the last quarter. Northern Trust Corp raised its position in shares of SEI Investments Company by 0.8% in the third quarter. Northern Trust Corp now owns 1,468,161 shares of the company’s stock valued at $66,962,000 after buying an additional 11,263 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of SEI Investments Company by 6.1% in the third quarter. Ngam Advisors L.P. now owns 813,835 shares of the company’s stock valued at $37,119,000 after buying an additional 46,698 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.
SEI Investments Company (NASDAQ:SEIC) traded down 0.959% during mid-day trading on Tuesday, hitting $49.065. 75,864 shares of the stock traded hands. The stock has a 50 day moving average price of $49.91 and a 200 day moving average price of $47.12. The firm has a market cap of $7.80 billion, a PE ratio of 24.170 and a beta of 1.45. SEI Investments Company has a 12-month low of $34.51 and a 12-month high of $52.54.
SEI Investments Company (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 25th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.04. SEI Investments Company had a net margin of 23.82% and a return on equity of 25.53%. The business had revenue of $368.80 million for the quarter, compared to analyst estimates of $362.34 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. SEI Investments Company’s revenue was up 10.0% compared to the same quarter last year. On average, analysts expect that SEI Investments Company will post $2.23 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research upgraded shares of SEI Investments Company from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Tuesday, December 6th.
In other SEI Investments Company news, major shareholder Alfred P. West, Jr. sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $48.97, for a total value of $2,448,500.00. Following the sale, the insider now owns 11,257,282 shares of the company’s stock, valued at approximately $551,269,099.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alfred P. West, Jr. sold 71,000 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $49.08, for a total transaction of $3,484,680.00. Following the completion of the sale, the insider now directly owns 11,161,282 shares in the company, valued at approximately $547,795,720.56. The disclosure for this sale can be found here. Insiders have sold 202,425 shares of company stock worth $9,937,024 in the last ninety days. 17.10% of the stock is currently owned by insiders.
About SEI Investments Company
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.
Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments Company (NASDAQ:SEIC).
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