South Dakota Investment Council Takes $1.75 Million Position in SEI Investments (SEIC)

South Dakota Investment Council bought a new stake in shares of SEI Investments (NASDAQ:SEIC) in the first quarter, Holdings Channel reports. The institutional investor bought 33,400 shares of the asset manager’s stock, valued at approximately $1,745,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SEIC. Ruggie Capital Group purchased a new position in shares of SEI Investments in the 4th quarter valued at $27,000. Global Retirement Partners LLC increased its holdings in shares of SEI Investments by 67.9% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 309 shares during the period. ETF Managers Group LLC increased its holdings in shares of SEI Investments by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 1,722 shares of the asset manager’s stock valued at $80,000 after acquiring an additional 234 shares during the period. First Bank & Trust purchased a new position in shares of SEI Investments in the 1st quarter valued at $93,000. Finally, First Financial Corp IN purchased a new position in shares of SEI Investments in the 1st quarter valued at $131,000. 69.72% of the stock is owned by institutional investors and hedge funds.

SEIC stock traded up $0.74 on Tuesday, hitting $51.13. 8,453 shares of the company’s stock were exchanged, compared to its average volume of 742,666. SEI Investments has a 12-month low of $42.27 and a 12-month high of $69.44. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). SEI Investments had a return on equity of 29.76% and a net margin of 29.64%. The business had revenue of $400.82 million for the quarter, compared to analysts’ expectations of $404.82 million. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Sell-side analysts predict that SEI Investments will post 3.18 EPS for the current year.

A number of research analysts have recently issued reports on SEIC shares. BidaskClub upgraded SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. William Blair restated a “market perform” rating on shares of SEI Investments in a research note on Monday, April 22nd. ValuEngine upgraded SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Zacks Investment Research downgraded SEI Investments from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 17th. Finally, TheStreet upgraded SEI Investments from a “c+” rating to a “b-” rating in a research note on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $66.20.

In related news, EVP Wayne Withrow sold 10,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $50.50, for a total transaction of $505,000.00. Following the transaction, the executive vice president now directly owns 41,714 shares in the company, valued at approximately $2,106,557. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sarah Blumenstein sold 5,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.96, for a total value of $259,800.00. Following the sale, the director now owns 10,681 shares in the company, valued at approximately $554,984.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 296,603 shares of company stock worth $15,627,842. 22.60% of the stock is owned by company insiders.

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About SEI Investments

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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