Nomura Asset Management Co. Ltd. Holds Stake in SEI Investments Company (SEIC)

Nomura Asset Management Co. Ltd. held its position in SEI Investments Company (NASDAQ:SEIC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,610 shares of the asset manager’s stock at the end of the first quarter. Nomura Asset Management Co. Ltd.’s holdings in SEI Investments were worth $737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its position in SEI Investments by 1.2% in the first quarter. Loomis Sayles & Co. L P now owns 14,210,594 shares of the asset manager’s stock worth $716,782,000 after buying an additional 163,767 shares during the last quarter. Vanguard Group Inc. raised its position in SEI Investments by 4.8% in the first quarter. Vanguard Group Inc. now owns 12,903,413 shares of the asset manager’s stock worth $650,849,000 after buying an additional 595,691 shares during the last quarter. BlackRock Inc. raised its position in SEI Investments by 3,644.6% in the first quarter. BlackRock Inc. now owns 12,750,729 shares of the asset manager’s stock worth $643,148,000 after buying an additional 12,410,221 shares during the last quarter. Boston Partners raised its position in SEI Investments by 12.8% in the first quarter. Boston Partners now owns 2,990,529 shares of the asset manager’s stock worth $150,843,000 after buying an additional 339,121 shares during the last quarter. Finally, Parnassus Investments CA raised its position in SEI Investments by 16.6% in the first quarter. Parnassus Investments CA now owns 1,300,000 shares of the asset manager’s stock worth $65,572,000 after buying an additional 185,000 shares during the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments Company (NASDAQ:SEIC) traded up 0.45% during mid-day trading on Friday, reaching $55.71. The company had a trading volume of 334,129 shares. The stock has a 50-day moving average of $55.16 and a 200 day moving average of $51.95. SEI Investments Company has a 12-month low of $42.90 and a 12-month high of $57.50. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 25.54 and a beta of 1.33.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million during the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, analysts expect that SEI Investments Company will post $2.28 EPS for the current year.

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A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $58.00 target price on shares of SEI Investments in a report on Thursday, July 27th. BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. boosted their target price on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Finally, Mizuho assumed coverage on SEI Investments in a report on Tuesday, June 27th. They set a “buy” rating and a $60.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.75.

In other news, insider Dennis Mcgonigle sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $56.35, for a total transaction of $845,250.00. Following the transaction, the insider now directly owns 612,034 shares of the company’s stock, valued at $34,488,115.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alfred P. West, Jr. sold 84,116 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $51.92, for a total transaction of $4,367,302.72. Following the transaction, the insider now directly owns 10,952,166 shares in the company, valued at $568,636,458.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 382,500 shares of company stock worth $20,982,527. Corporate insiders own 17.10% of the company’s stock.

SEI Investments Company Profile

SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.

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

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