Oakbrook Investments LLC raised its position in shares of SEI Investments (NASDAQ:SEIC) by 5.0% during the 1st quarter, HoldingsChannel reports. The fund owned 15,750 shares of the asset manager’s stock after purchasing an additional 750 shares during the period. Oakbrook Investments LLC’s holdings in SEI Investments were worth $823,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SEIC. Ruggie Capital Group bought a new position in SEI Investments in the 4th quarter valued at $27,000. Global Retirement Partners LLC grew its position in SEI Investments by 67.9% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 309 shares during the last quarter. ETF Managers Group LLC grew its position in SEI Investments by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 1,722 shares of the asset manager’s stock valued at $80,000 after acquiring an additional 234 shares during the last quarter. First Bank & Trust bought a new position in SEI Investments in the 1st quarter valued at $93,000. Finally, First Financial Corp IN bought a new position in SEI Investments in the 1st quarter valued at $131,000. 69.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ SEIC opened at $58.34 on Monday. The firm has a market cap of $8.89 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.58 and a beta of 1.24. SEI Investments has a 1-year low of $42.27 and a 1-year high of $71.15.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The company had revenue of $405.05 million for the quarter, compared to analysts’ expectations of $403.45 million. SEI Investments had a return on equity of 31.48% and a net margin of 31.15%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. As a group, analysts anticipate that SEI Investments will post 3.09 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on SEIC shares. Zacks Investment Research cut SEI Investments from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. BidaskClub upgraded SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine upgraded SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. TheStreet upgraded SEI Investments from a “c+” rating to a “b-” rating in a report on Tuesday, March 12th. Finally, Oppenheimer lowered their target price on SEI Investments from $68.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, January 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $66.20.

In other news, major shareholder Alfred P. West, Jr. sold 116,412 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $53.03, for a total value of $6,173,328.36. Following the transaction, the insider now directly owns 9,811,713 shares of the company’s stock, valued at $520,315,140.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wayne Withrow sold 15,500 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $50.00, for a total value of $775,000.00. Following the completion of the transaction, the executive vice president now directly owns 32,014 shares in the company, valued at $1,600,700. The disclosure for this sale can be found here. Over the last quarter, insiders sold 307,103 shares of company stock valued at $16,143,042. 17.30% of the stock is currently owned by company insiders.

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About SEI Investments

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.

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Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments (NASDAQ:SEIC).

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

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