7,728 Shares in SEI Investments (NASDAQ:SEIC) Acquired by Ergoteles LLC

Ergoteles LLC acquired a new position in shares of SEI Investments (NASDAQ:SEIC – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,728 shares of the asset manager’s stock, valued at approximately $379,000.

A number of other hedge funds have also bought and sold shares of SEIC. Tandem Investment Advisors Inc. acquired a new position in SEI Investments during the 2nd quarter valued at approximately $36,895,000. State Street Corp increased its stake in SEI Investments by 8.0% during the 1st quarter. State Street Corp now owns 6,143,049 shares of the asset manager’s stock valued at $369,873,000 after purchasing an additional 452,434 shares in the last quarter. Renaissance Technologies LLC increased its stake in SEI Investments by 1,344.4% during the 2nd quarter. Renaissance Technologies LLC now owns 342,326 shares of the asset manager’s stock valued at $18,492,000 after purchasing an additional 318,626 shares in the last quarter. BlackRock Inc. increased its stake in SEI Investments by 2.3% during the 1st quarter. BlackRock Inc. now owns 11,645,954 shares of the asset manager’s stock valued at $701,203,000 after purchasing an additional 260,417 shares in the last quarter. Finally, Millennium Management LLC increased its stake in SEI Investments by 45.7% during the 2nd quarter. Millennium Management LLC now owns 722,060 shares of the asset manager’s stock valued at $39,006,000 after purchasing an additional 226,527 shares in the last quarter. Institutional investors and hedge funds own 69.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of SEI Investments from $53.00 to $54.00 and gave the company an “underweight” rating in a report on Wednesday, February 1st. StockNews.com downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Friday, December 23rd. The Goldman Sachs Group upped their price objective on shares of SEI Investments from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, November 23rd. Oppenheimer upped their price objective on shares of SEI Investments from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, January 26th. Finally, TheStreet raised shares of SEI Investments from a “c+” rating to a “b-” rating in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SEI Investments has an average rating of “Hold” and a consensus target price of $60.20.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $60.57 on Friday. The company’s fifty day moving average price is $61.22 and its 200 day moving average price is $57.53. SEI Investments has a 1 year low of $46.30 and a 1 year high of $64.69. The company has a market capitalization of $8.13 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. SEI Investments had a net margin of 23.88% and a return on equity of 26.69%. The firm had revenue of $456.59 million for the quarter, compared to the consensus estimate of $456.18 million. During the same period in the prior year, the firm posted $1.03 earnings per share. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities analysts expect that SEI Investments will post 3.5 EPS for the current year.

SEI Investments Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 5th. Shareholders of record on Monday, December 19th were issued a dividend of $0.43 per share. This represents a yield of 1.4%. This is an increase from SEI Investments’s previous Semi-Annual dividend of $0.40. The ex-dividend date was Friday, December 16th. SEI Investments’s dividend payout ratio (DPR) is presently 24.93%.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, EVP Kevin Barr sold 10,000 shares of the stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the transaction, the executive vice president now directly owns 174,741 shares of the company’s stock, valued at $10,833,942. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other SEI Investments news, EVP Kevin Barr sold 10,000 shares of the stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the transaction, the executive vice president now directly owns 174,741 shares of the company’s stock, valued at $10,833,942. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sanjay Sharma sold 9,000 shares of the stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $64.14, for a total transaction of $577,260.00. Following the transaction, the executive vice president now directly owns 5,165 shares in the company, valued at $331,283.10. The disclosure for this sale can be found here. Insiders have sold a total of 137,502 shares of company stock valued at $8,589,453 over the last ninety days. Corporate insiders own 25.40% of the company’s stock.

SEI Investments Profile

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SEI Investments Co engages in the provision of investment processing, investment management and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. The Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers and financial advisors worldwide.