Frontier Capital Management Co. LLC Invests $14,229,000 in SEI Investments Company (SEIC)

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.

Institutional Ownership by Quarter for SEI Investments Company (NASDAQ:SEIC)

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.

“Frontier Capital Management Co. LLC Invests $14,229,000 in SEI Investments Company (SEIC)” was reported by sleekmoney and is owned by of sleekmoney. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. & international trademark and copyright laws. The original version of this news story can be viewed at http://sleekmoney.com/frontier-capital-management-co-llc-invests-14229000-in-sei-investments-company-seic/1660152.html.

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.

5 Day Chart for NASDAQ:SEIC

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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