Vaughan Nelson Investment Management L.P. lowered its position in shares of SEI Investments (NASDAQ:SEIC) by 10.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 601,890 shares of the asset manager’s stock after selling 70,835 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.38% of SEI Investments worth $45,088,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SEIC. AGF Investments Inc. bought a new position in shares of SEI Investments during the first quarter worth approximately $38,172,000. BlackRock Inc. increased its stake in shares of SEI Investments by 1.9% during the fourth quarter. BlackRock Inc. now owns 13,949,844 shares of the asset manager’s stock worth $1,002,436,000 after purchasing an additional 254,860 shares during the period. First Trust Advisors LP increased its stake in shares of SEI Investments by 382.4% during the fourth quarter. First Trust Advisors LP now owns 308,516 shares of the asset manager’s stock worth $22,170,000 after purchasing an additional 244,567 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of SEI Investments during the first quarter worth approximately $14,536,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of SEI Investments by 280.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 235,169 shares of the asset manager’s stock worth $17,617,000 after purchasing an additional 173,357 shares during the period. Institutional investors own 69.98% of the company’s stock.
Get SEI Investments alerts:
SEIC has been the topic of a number of recent research reports. Sandler O’Neill set a $81.00 target price on SEI Investments and gave the stock a “buy” rating in a research note on Tuesday, April 10th. BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 12th. Oppenheimer reiterated a “buy” rating and set a $80.00 target price on shares of SEI Investments in a research note on Thursday, February 1st. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, William Blair lowered SEI Investments from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 12th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $75.00.
In related news, Director Carmen Romeo sold 5,400 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $74.65, for a total transaction of $403,110.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Meyer sold 4,524 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $77.59, for a total value of $351,017.16. Following the sale, the executive vice president now directly owns 97,748 shares in the company, valued at approximately $7,584,267.32. The disclosure for this sale can be found here. Insiders have sold 45,348 shares of company stock worth $3,448,312 in the last three months. 17.30% of the stock is currently owned by company insiders.
Shares of NASDAQ:SEIC opened at $64.88 on Wednesday. The company has a market cap of $10.35 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.74 and a beta of 1.28. SEI Investments has a 1 year low of $49.45 and a 1 year high of $78.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.31 and a current ratio of 6.43.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, April 25th. The asset manager reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.10. The business had revenue of $405.60 million for the quarter, compared to the consensus estimate of $408.10 million. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. analysts anticipate that SEI Investments will post 3.13 EPS for the current fiscal year.
About SEI Investments
SEI Investments Co 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.
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 (NASDAQ:SEIC).