Morris Capital Advisors LLC lessened its stake in shares of SEI Investments (NASDAQ:SEIC) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,896 shares of the asset manager’s stock after selling 3,400 shares during the quarter. SEI Investments accounts for about 1.7% of Morris Capital Advisors LLC’s holdings, making the stock its 28th biggest holding. Morris Capital Advisors LLC’s holdings in SEI Investments were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of SEI Investments by 1.2% in the second quarter. BlackRock Inc. now owns 13,950,907 shares of the asset manager’s stock valued at $782,645,000 after purchasing an additional 165,595 shares during the period. Atlanta Capital Management Co. L L C boosted its stake in shares of SEI Investments by 0.8% in the second quarter. Atlanta Capital Management Co. L L C now owns 5,624,150 shares of the asset manager’s stock valued at $315,515,000 after purchasing an additional 45,892 shares during the period. Bank of America Corp DE boosted its stake in shares of SEI Investments by 4.1% in the second quarter. Bank of America Corp DE now owns 4,364,268 shares of the asset manager’s stock valued at $244,834,000 after purchasing an additional 172,443 shares during the period. Citadel Advisors LLC boosted its stake in shares of SEI Investments by 249.1% in the second quarter. Citadel Advisors LLC now owns 1,928,938 shares of the asset manager’s stock valued at $108,214,000 after purchasing an additional 1,376,469 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of SEI Investments by 15.4% in the second quarter. Renaissance Technologies LLC now owns 1,120,226 shares of the asset manager’s stock valued at $62,845,000 after purchasing an additional 149,900 shares during the period. 69.32% of the stock is owned by institutional investors.
NASDAQ:SEIC traded down $0.09 during mid-day trading on Monday, hitting $58.61. The stock had a trading volume of 21,448 shares, compared to its average volume of 558,481. The stock has a 50-day simple moving average of $58.77 and a two-hundred day simple moving average of $56.12. The company has a market capitalization of $8.86 billion, a PE ratio of 18.74, a PEG ratio of 1.52 and a beta of 1.31. SEI Investments has a twelve month low of $42.27 and a twelve month high of $61.35. The company has a current ratio of 5.78, a quick ratio of 5.61 and a debt-to-equity ratio of 0.02.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 24th. The asset manager reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The firm had revenue of $409.60 million for the quarter, compared to analysts’ expectations of $412.28 million. SEI Investments had a net margin of 29.85% and a return on equity of 29.86%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Sell-side analysts predict that SEI Investments will post 3.21 EPS for the current fiscal year.
In other SEI Investments news, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $58.25, for a total transaction of $291,250.00. Following the sale, the director now owns 10,681 shares of the company’s stock, valued at $622,168.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathryn Mccarthy sold 9,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $60.90, for a total transaction of $578,550.00. Following the sale, the director now directly owns 75,200 shares in the company, valued at approximately $4,579,680. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,222 shares of company stock worth $2,322,423. 22.60% of the stock is owned by corporate insiders.
SEIC has been the subject of several recent research reports. BidaskClub raised shares of SEI Investments from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. ValuEngine cut shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.50.
SEI Investments Company Profile
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.
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