Axa Sells 25,200 Shares of SEI Investments Company (SEIC)

Axa reduced its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 2.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 876,353 shares of the asset manager’s stock after selling 25,200 shares during the period. Axa’s holdings in SEI Investments Company were worth $44,203,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SEIC. Van ECK Associates Corp boosted its stake in SEI Investments Company by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 2,086 shares of the asset manager’s stock valued at $103,000 after buying an additional 101 shares in the last quarter. First Mercantile Trust Co. boosted its stake in SEI Investments Company by 165.6% in the first quarter. First Mercantile Trust Co. now owns 2,404 shares of the asset manager’s stock valued at $121,000 after buying an additional 1,499 shares in the last quarter. Pacer Advisors Inc. boosted its stake in SEI Investments Company by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after buying an additional 77 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in SEI Investments Company by 12.9% in the third quarter. Mosaic Family Wealth LLC now owns 2,873 shares of the asset manager’s stock valued at $131,000 after buying an additional 328 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in SEI Investments Company during the first quarter valued at approximately $159,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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

SEI Investments Company (NASDAQ:SEIC) traded up 0.86% during midday trading on Thursday, reaching $50.27. 54,870 shares of the company traded hands. SEI Investments Company has a 12-month low of $42.12 and a 12-month high of $52.60. The stock has a market capitalization of $7.98 billion, a P/E ratio of 23.82 and a beta of 1.45. The company has a 50 day moving average of $50.90 and a 200-day moving average of $49.93.

SEI Investments Company (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 19th. The asset manager reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $359.98 million during the quarter, compared to analysts’ expectations of $362.65 million. SEI Investments Company had a net margin of 23.82% and a return on equity of 25.53%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. Equities analysts anticipate that SEI Investments Company will post $2.24 EPS for the current fiscal year.

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Several equities research analysts recently commented on SEIC shares. Zacks Investment Research raised shares of SEI Investments Company from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Friday, April 7th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of SEI Investments Company in a research report on Thursday, April 20th.

In other SEI Investments Company news, insider Stephen Meyer sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $51.26, for a total value of $512,600.00. Following the transaction, the insider now directly owns 103,224 shares of the company’s stock, valued at $5,291,262.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carmen Romeo sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $51.60, for a total transaction of $258,000.00. Following the completion of the transaction, the director now directly owns 1,600,952 shares in the company, valued at $82,609,123.20. The disclosure for this sale can be found here. Insiders sold 285,000 shares of company stock valued at $14,521,550 over the last 90 days. Corporate insiders own 17.10% of the company’s stock.

About SEI Investments Company

SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.

12 Month 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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