SEI Investments Company (NASDAQ:SEIC) Director Carmen Romeo sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $51.60, for a total value of $258,000.00. Following the completion of the sale, the director now directly owns 1,600,952 shares of the company’s stock, valued at approximately $82,609,123.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Carmen Romeo also recently made the following trade(s):
SEI Investments Company (NASDAQ:SEIC) traded down 0.14% during midday trading on Friday, reaching $51.27. The company had a trading volume of 87,198 shares. SEI Investments Company has a 52-week low of $42.12 and a 52-week high of $52.60. The company’s 50-day moving average is $50.88 and its 200 day moving average is $49.50. The company has a market cap of $8.14 billion, a PE ratio of 24.30 and a beta of 1.45.
SEI Investments Company (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 19th. The asset manager reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. SEI Investments Company had a return on equity of 25.53% and a net margin of 23.82%. The company had revenue of $359.98 million during the quarter, compared to the consensus estimate of $362.65 million. During the same period in the previous year, the company posted $0.46 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that SEI Investments Company will post $2.24 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of SEI Investments Company during the fourth quarter valued at approximately $59,960,000. Loomis Sayles & Co. L P increased its position in shares of SEI Investments Company by 5.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 14,046,827 shares of the asset manager’s stock valued at $693,351,000 after buying an additional 663,205 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of SEI Investments Company by 107.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 685,000 shares of the asset manager’s stock valued at $33,811,000 after buying an additional 355,130 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in shares of SEI Investments Company by 123.0% in the first quarter. Frontier Capital Management Co. LLC now owns 642,811 shares of the asset manager’s stock valued at $32,423,000 after buying an additional 354,536 shares in the last quarter. Finally, Boston Partners increased its position in shares of SEI Investments Company by 12.8% in the first quarter. Boston Partners now owns 2,990,529 shares of the asset manager’s stock valued at $150,843,000 after buying an additional 339,121 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.
SEIC has been the subject of several recent research reports. Zacks Investment Research raised SEI Investments Company from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Friday, April 7th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of SEI Investments Company in a research note on Thursday, April 20th.
About SEI Investments Company
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.