Korea Investment CORP decreased its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 19.8% during the second quarter, Holdings Channel reports. The fund owned 81,500 shares of the asset manager’s stock after selling 20,100 shares during the period. Korea Investment CORP’s holdings in SEI Investments were worth $4,383,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in SEI Investments by 32.2% in the first quarter. JPMorgan Chase & Co. now owns 320,687 shares of the asset manager’s stock valued at $16,176,000 after buying an additional 78,158 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in SEI Investments by 2.5% in the first quarter. UBS Asset Management Americas Inc. now owns 702,422 shares of the asset manager’s stock valued at $35,430,000 after buying an additional 17,422 shares during the last quarter. Suntrust Banks Inc. increased its position in SEI Investments by 1.1% in the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock valued at $405,000 after buying an additional 88 shares during the last quarter. Confluence Investment Management LLC increased its position in SEI Investments by 4.2% in the second quarter. Confluence Investment Management LLC now owns 268,543 shares of the asset manager’s stock valued at $14,442,000 after buying an additional 10,744 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in SEI Investments by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 42,651 shares of the asset manager’s stock valued at $2,151,000 after buying an additional 500 shares during the last quarter. 70.07% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Company (SEIC) opened at 55.71 on Friday. SEI Investments Company has a 1-year low of $42.90 and a 1-year high of $57.50. The company has a market cap of $8.81 billion, a P/E ratio of 25.54 and a beta of 1.33. The stock’s 50 day moving average is $55.24 and its 200 day moving average is $51.99.

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

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SEIC has been the subject of several analyst reports. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of SEI Investments in a research note on Thursday, April 20th. Mizuho initiated coverage on shares of SEI Investments in a research note on Tuesday, June 27th. They set a “buy” rating and a $60.00 price target for the company. BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, Oppenheimer Holdings, Inc. raised their price target on shares of SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. SEI Investments has an average rating of “Buy” and an average price target of $59.75.

In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 84,116 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $51.92, for a total value of $4,367,302.72. Following the completion of the transaction, the insider now directly owns 10,952,166 shares in the company, valued at approximately $568,636,458.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Doran sold 5,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $52.40, for a total transaction of $262,000.00. Following the completion of the transaction, the director now owns 681,015 shares of the company’s stock, valued at $35,685,186. The disclosure for this sale can be found here. Insiders sold a total of 382,500 shares of company stock valued at $20,982,527 over the last 90 days. Company insiders own 17.10% of the company’s stock.

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

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