California Public Employees Retirement System boosted its position in shares of SEI Investments (NASDAQ:SEIC) by 29.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 299,347 shares of the asset manager’s stock after acquiring an additional 68,978 shares during the period. California Public Employees Retirement System’s holdings in SEI Investments were worth $17,738,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SEIC. Signaturefd LLC grew its holdings in SEI Investments by 95.0% during the 3rd quarter. Signaturefd LLC now owns 433 shares of the asset manager’s stock worth $26,000 after acquiring an additional 211 shares in the last quarter. Cutler Group LP boosted its holdings in shares of SEI Investments by 113.5% in the 3rd quarter. Cutler Group LP now owns 565 shares of the asset manager’s stock valued at $33,000 after buying an additional 4,765 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of SEI Investments in the 2nd quarter valued at $35,000. Meeder Asset Management Inc. boosted its holdings in shares of SEI Investments by 375.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 680 shares of the asset manager’s stock valued at $40,000 after buying an additional 537 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of SEI Investments in the 2nd quarter valued at $48,000. Institutional investors own 69.79% of the company’s stock.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. ValuEngine cut shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $61.50.
SEIC stock 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. SEI Investments has a 12 month low of $42.27 and a 12 month high of $63.22. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.30. The company has a fifty day moving average price of $59.36 and a 200 day moving average price of $56.56.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.03. SEI Investments had a net margin of 29.95% and a return on equity of 29.77%. The business had revenue of $416.30 million for the quarter, compared to analysts’ expectations of $415.52 million. During the same period in the prior year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts anticipate that SEI Investments will post 3.24 earnings per share for the current year.
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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