Trexquant Investment LP bought a new stake in shares of SEI Investments (NASDAQ:SEIC) in the third quarter, HoldingsChannel reports. The institutional investor bought 7,707 shares of the asset manager’s stock, valued at approximately $471,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of SEI Investments by 3.6% in the third quarter. BlackRock Inc. now owns 13,870,716 shares of the asset manager’s stock worth $847,500,000 after buying an additional 485,625 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of SEI Investments by 3.2% in the second quarter. Bank of America Corp DE now owns 4,234,934 shares of the asset manager’s stock worth $264,767,000 after buying an additional 131,166 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SEI Investments by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 1,852,116 shares of the asset manager’s stock worth $113,164,000 after buying an additional 41,307 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of SEI Investments by 0.4% in the second quarter. American Century Companies Inc. now owns 1,667,151 shares of the asset manager’s stock worth $104,230,000 after buying an additional 6,923 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of SEI Investments by 30.9% in the second quarter. Janus Henderson Group PLC now owns 1,134,674 shares of the asset manager’s stock worth $70,940,000 after buying an additional 268,000 shares during the last quarter. 69.31% of the stock is owned by institutional investors.

NASDAQ:SEIC opened at $51.31 on Thursday. The firm has a market capitalization of $7.98 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21. SEI Investments has a 1-year low of $50.86 and a 1-year high of $78.35.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. The firm had revenue of $408.68 million for the quarter, compared to analyst estimates of $410.35 million. SEI Investments had a net margin of 31.46% and a return on equity of 30.73%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. Research analysts forecast that SEI Investments will post 3.19 EPS for the current fiscal year.

A number of research firms have issued reports on SEIC. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Thursday, August 23rd. BidaskClub raised shares of SEI Investments from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. ValuEngine cut shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Keefe, Bruyette & Woods raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $68.00 to $63.00 in a report on Wednesday, October 24th. Finally, Rosenblatt Securities assumed coverage on shares of SEI Investments in a research note on Wednesday. They issued a “neutral” rating and a $59.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. SEI Investments has an average rating of “Hold” and a consensus target price of $72.83.

In other news, insider Dennis Mcgonigle sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $62.83, for a total value of $942,450.00. Following the transaction, the insider now directly owns 27,540 shares of the company’s stock, valued at $1,730,338.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alfred P. West, Jr. sold 145,238 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $52.76, for a total transaction of $7,662,756.88. Following the completion of the transaction, the insider now directly owns 10,386,713 shares in the company, valued at $548,002,977.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 506,226 shares of company stock worth $27,055,545. 16.50% of the stock is owned by company insiders.

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About SEI Investments

SEI Investments Co 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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