Crestline Management LP acquired a new position in SEI Investments (NASDAQ:SEIC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,345 shares of the asset manager’s stock, valued at approximately $743,000.
A number of other institutional investors have also modified their holdings of the stock. Flinton Capital Management LLC grew its position in SEI Investments by 10.7% in the fourth quarter. Flinton Capital Management LLC now owns 16,864 shares of the asset manager’s stock worth $1,212,000 after acquiring an additional 1,632 shares during the period. Meadow Creek Investment Management LLC grew its position in SEI Investments by 10.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 7,936 shares of the asset manager’s stock worth $570,000 after acquiring an additional 768 shares during the period. Elkfork Partners LLC purchased a new position in SEI Investments in the fourth quarter worth approximately $998,000. Teachers Advisors LLC grew its position in SEI Investments by 24.0% in the fourth quarter. Teachers Advisors LLC now owns 192,777 shares of the asset manager’s stock worth $13,853,000 after acquiring an additional 37,307 shares during the period. Finally, Hanseatic Management Services Inc. purchased a new position in SEI Investments in the fourth quarter worth approximately $671,000. Institutional investors own 70.51% of the company’s stock.
SEIC has been the topic of a number of research reports. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Oppenheimer restated a “buy” rating and set a $80.00 price target on shares of SEI Investments in a research note on Thursday, February 1st. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Mizuho restated a “buy” rating and set a $72.00 price target on shares of SEI Investments in a research note on Friday, November 17th. Three 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 an average rating of “Buy” and a consensus target price of $73.50.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The company had revenue of $408.22 million for the quarter, compared to analysts’ expectations of $397.96 million. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. sell-side analysts predict that SEI Investments will post 3.24 EPS for the current fiscal year.
In other news, insider Stephen Meyer sold 20,424 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $77.44, for a total value of $1,581,634.56. Following the sale, the insider now directly owns 98,276 shares in the company, valued at $7,610,493.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP N Jeffrey Klauder acquired 3,637 shares of SEI Investments stock in a transaction dated Tuesday, March 13th. The stock was bought at an average price of $23.86 per share, for a total transaction of $86,778.82. Following the completion of the purchase, the executive vice president now owns 45,831 shares of the company’s stock, valued at approximately $1,093,527.66. The disclosure for this purchase can be found here. Insiders have sold 90,824 shares of company stock worth $6,764,095 over the last 90 days. 16.50% of the stock is owned by insiders.
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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.
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