Public Employees Retirement Association of Colorado Has $20.45 Million Position in SEI Investments Company (NASDAQ:SEIC)

Public Employees Retirement Association of Colorado raised its position in shares of SEI Investments Company (NASDAQ:SEIC) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 380,291 shares of the asset manager’s stock after buying an additional 162 shares during the period. Public Employees Retirement Association of Colorado owned 0.24% of SEI Investments worth $20,452,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Loomis Sayles & Co. L P increased its stake in shares of 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 in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. BlackRock Inc. increased its stake in shares of 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 in the last quarter. Boston Partners increased its stake in shares of 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 in the last quarter. Finally, Parnassus Investments CA increased its stake in shares of 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 in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SEI Investments Company (NASDAQ SEIC) opened at 55.82 on Friday. The firm has a market cap of $8.83 billion, a P/E ratio of 25.59 and a beta of 1.33. The company’s 50 day moving average price is $55.67 and its 200 day moving average price is $52.22. SEI Investments Company has a 12-month low of $42.90 and a 12-month high of $57.50.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million for the quarter, compared to analysts’ expectations of $369.88 million. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Equities research analysts forecast that SEI Investments Company will post $2.28 EPS for the current year.

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SEIC has been the topic of a number of research analyst reports. BidaskClub downgraded SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $58.00 target price on shares of SEI Investments in a report on Thursday, July 27th. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Oppenheimer Holdings, Inc. raised their target price on SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Finally, Mizuho initiated coverage on SEI Investments in a report on Tuesday, June 27th. They set a “buy” rating and a $60.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $59.75.

In other SEI Investments news, insider N Jeffrey Klauder sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $56.35, for a total transaction of $1,690,500.00. Following the completion of the sale, the insider now directly owns 82,194 shares in the company, valued at $4,631,631.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alfred P. West, Jr. sold 100,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $56.40, for a total transaction of $5,640,000.00. Following the sale, the insider now owns 10,836,282 shares of the company’s stock, valued at $611,166,304.80. The disclosure for this sale can be found here. In the last three months, insiders sold 382,500 shares of company stock worth $20,982,527. 17.10% of the stock is owned by insiders.

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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