Northern Trust Corp increased its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,416,259 shares of the asset manager’s stock after buying an additional 17,776 shares during the period. Northern Trust Corp owned about 0.90% of SEI Investments worth $76,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in SEI Investments by 3,644.6% during the first quarter. BlackRock Inc. now owns 12,750,729 shares of the asset manager’s stock worth $643,148,000 after buying an additional 12,410,221 shares during the period. Vanguard Group Inc. increased its holdings in SEI Investments by 4.8% in the first quarter. Vanguard Group Inc. now owns 12,903,413 shares of the asset manager’s stock valued at $650,849,000 after buying an additional 595,691 shares in the last quarter. JLB & Associates Inc. purchased a new position in SEI Investments in the second quarter valued at about $11,631,000. Nationwide Fund Advisors increased its holdings in SEI Investments by 34.8% in the second quarter. Nationwide Fund Advisors now owns 643,781 shares of the asset manager’s stock valued at $34,623,000 after buying an additional 166,110 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in SEI Investments by 1.2% in the first quarter. Loomis Sayles & Co. L P now owns 14,210,594 shares of the asset manager’s stock valued at $716,782,000 after buying an additional 163,767 shares in the last quarter. 68.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on SEIC shares. BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $54.00 price target on shares of SEI Investments in a research note on Friday, June 23rd. Mizuho initiated coverage on SEI Investments in a report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price target on the stock. Oppenheimer Holdings, Inc. upped their price target on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.50.

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Shares of SEI Investments Company (NASDAQ SEIC) opened at 61.06 on Monday. SEI Investments Company has a 52-week low of $43.54 and a 52-week high of $61.71. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 28.00 and a beta of 1.35. The company has a 50 day moving average of $56.76 and a 200 day moving average of $53.36.

SEI Investments (NASDAQ:SEIC) last announced its earnings results 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 return on equity of 26.60% and a net margin of 24.44%. The firm had revenue of $372.30 million for the quarter, compared to analysts’ expectations of $369.88 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts predict that SEI Investments Company will post $2.28 EPS for the current fiscal year.

In other news, Director William Doran sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $59.74, for a total transaction of $597,400.00. Following the completion of the transaction, the director now owns 667,015 shares in the company, valued at approximately $39,847,476.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider N Jeffrey Klauder sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $56.35, for a total transaction of $1,690,500.00. Following the transaction, the insider now owns 82,194 shares of the company’s stock, valued at approximately $4,631,631.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,000 shares of company stock valued at $17,310,050. 16.50% of the stock is currently owned by corporate insiders.

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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