DF Dent & Co. Inc. Cuts Stake in SEI Investments Company (SEIC)

DF Dent & Co. Inc. decreased its position in shares of SEI Investments Company (NASDAQ:SEIC) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,354,653 shares of the asset manager’s stock after selling 81,911 shares during the quarter. SEI Investments makes up 3.3% of DF Dent & Co. Inc.’s investment portfolio, making the stock its 7th largest position. DF Dent & Co. Inc. owned approximately 1.49% of SEI Investments worth $126,633,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in SEI Investments by 6.5% during the 1st quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock worth $112,000 after purchasing an additional 136 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in SEI Investments by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock worth $125,000 after purchasing an additional 77 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in SEI Investments by 9.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,983 shares of the asset manager’s stock worth $160,000 after purchasing an additional 253 shares in the last quarter. Mosaic Family Wealth LLC lifted its holdings in SEI Investments by 6.7% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the asset manager’s stock worth $171,000 after purchasing an additional 200 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in SEI Investments during the 2nd quarter worth about $208,000. Institutional investors own 68.65% of the company’s stock.

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In other SEI Investments news, Director William Doran sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $57.49, for a total transaction of $574,900.00. Following the completion of the sale, the director now owns 671,015 shares of the company’s stock, valued at $38,576,652.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider N Jeffrey Klauder sold 30,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $56.35, for a total value of $1,690,500.00. Following the sale, the insider now directly owns 82,194 shares of the company’s stock, valued at approximately $4,631,631.90. The disclosure for this sale can be found here. Insiders have sold 325,000 shares of company stock valued at $18,540,250 in the last three months. 16.50% of the stock is currently owned by corporate insiders.

Shares of SEI Investments Company (NASDAQ SEIC) traded up 0.11% during mid-day trading on Tuesday, reaching $62.88. The company had a trading volume of 82,258 shares. The firm has a 50 day moving average of $58.76 and a 200-day moving average of $54.34. The stock has a market capitalization of $9.94 billion, a P/E ratio of 28.83 and a beta of 1.35. SEI Investments Company has a one year low of $43.54 and a one year high of $63.16.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The business had revenue of $372.30 million during the quarter, compared to analyst estimates of $369.88 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. SEI Investments’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts forecast that SEI Investments Company will post $2.28 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $58.00 price objective on shares of SEI Investments in a report on Thursday, July 27th. BidaskClub cut 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 price objective on the stock in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. increased their price objective 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 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.50.

SEI Investments 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.

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

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