Chicago Equity Partners LLC Purchases New Position in SEI Investments (NASDAQ:SEIC)

Chicago Equity Partners LLC purchased a new stake in SEI Investments (NASDAQ:SEIC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,620 shares of the asset manager’s stock, valued at approximately $215,000.

Several other large investors have also made changes to their positions in SEIC. FMR LLC lifted its holdings in shares of SEI Investments by 19.9% in the 1st quarter. FMR LLC now owns 211,097 shares of the asset manager’s stock valued at $11,030,000 after acquiring an additional 35,067 shares during the last quarter. First Trust Advisors LP bought a new position in shares of SEI Investments in the 1st quarter valued at about $1,155,000. Xact Kapitalforvaltning AB lifted its holdings in shares of SEI Investments by 24.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 17,737 shares of the asset manager’s stock valued at $995,000 after acquiring an additional 3,477 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of SEI Investments by 4.3% in the 2nd quarter. Raymond James Trust N.A. now owns 5,967 shares of the asset manager’s stock valued at $335,000 after acquiring an additional 246 shares during the last quarter. Finally, RDL Financial Inc. lifted its holdings in shares of SEI Investments by 3.7% in the 2nd quarter. RDL Financial Inc. now owns 22,332 shares of the asset manager’s stock valued at $1,253,000 after acquiring an additional 794 shares during the last quarter. 69.79% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ SEIC opened at $62.44 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.74 and a quick ratio of 5.59. The company has a market cap of $9.41 billion, a P/E ratio of 19.89, a PEG ratio of 1.61 and a beta of 1.30. SEI Investments has a 1 year low of $42.27 and a 1 year high of $63.22. The firm has a 50-day simple moving average of $59.36 and a two-hundred day simple moving average of $56.56.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.03. The business had revenue of $416.30 million during the quarter, compared to the consensus estimate of $415.52 million. SEI Investments had a net margin of 29.95% and a return on equity of 29.77%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. As a group, equities research analysts expect that SEI Investments will post 3.24 EPS for the current year.

A number of brokerages recently commented on SEIC. BidaskClub raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. ValuEngine downgraded shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $61.50.

In other SEI Investments news, Director William Doran sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $61.00, for a total value of $305,000.00. Following the completion of the sale, the director now owns 671,915 shares of the company’s stock, valued at $40,986,815. The sale was disclosed in a legal 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 dated Monday, November 4th. The stock was sold at an average price of $61.49, for a total transaction of $584,155.00. Following the completion of the sale, the director now directly owns 80,700 shares of the company’s stock, valued at approximately $4,962,243. The disclosure for this sale can be found here. In the last three months, insiders sold 44,500 shares of company stock valued at $2,767,755. 22.60% of the stock is owned by insiders.

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

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