Bokf Na decreased its position in shares of SEI Investments Co. (NASDAQ:SEIC) by 5.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,458 shares of the company’s stock after selling 1,239 shares during the period. Bokf Na’s holdings in SEI Investments were worth $978,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SEIC. Bronfman E.L. Rothschild L.P. boosted its position in shares of SEI Investments by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,054 shares of the company’s stock worth $276,000 after buying an additional 20 shares during the period. Northwest Investment Counselors LLC boosted its position in shares of SEI Investments by 0.3% in the third quarter. Northwest Investment Counselors LLC now owns 14,141 shares of the company’s stock worth $645,000 after buying an additional 40 shares during the period. Independent Portfolio Consultants Inc. boosted its position in SEI Investments by 0.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 12,776 shares of the company’s stock worth $583,000 after buying an additional 50 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in SEI Investments by 0.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,618 shares of the company’s stock worth $2,098,000 after buying an additional 127 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its position in SEI Investments by 0.7% in the second quarter. King Luther Capital Management Corp now owns 22,900 shares of the company’s stock worth $1,102,000 after buying an additional 150 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.
SEI Investments Co. (NASDAQ:SEIC) traded down 1.46% during mid-day trading on Thursday, reaching $50.04. 377,153 shares of the company traded hands. The stock has a 50 day moving average price of $49.70 and a 200-day moving average price of $47.14. SEI Investments Co. has a 52-week low of $32.01 and a 52-week high of $52.54. The company has a market capitalization of $8.01 billion, a P/E ratio of 25.27 and a beta of 1.45.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Thursday, October 20th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $354.60 million for the quarter, compared to the consensus estimate of $353.82 million. SEI Investments had a return on equity of 25.02% and a net margin of 23.87%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Analysts expect that SEI Investments Co. will post $1.98 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Friday, January 6th. Stockholders of record on Tuesday, December 27th were issued a $0.28 dividend. This is an increase from SEI Investments’s previous semiannual dividend of $0.26. The ex-dividend date was Thursday, December 22nd. This represents a dividend yield of 1.14%. SEI Investments’s dividend payout ratio is currently 28.43%.
Separately, Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, January 10th.
In related news, major shareholder Alfred P. West, Jr. sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $45.06, for a total value of $1,126,500.00. Following the transaction, the insider now owns 11,347,282 shares in the company, valued at $511,308,526.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alfred P. West, Jr. sold 64,822 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $44.48, for a total value of $2,883,282.56. Following the completion of the transaction, the insider now owns 11,427,042 shares in the company, valued at approximately $508,274,828.16. The disclosure for this sale can be found here. Insiders sold a total of 115,007 shares of company stock worth $5,229,694 in the last quarter. 17.10% of the stock is owned by corporate insiders.
SEI Investments Company Profile
SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.
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