Prana Capital Management LP acquired a new position in shares of SEI Investments (NASDAQ:SEIC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 22,705 shares of the asset manager’s stock, valued at approximately $1,632,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in shares of SEI Investments by 11.5% during the 4th quarter. CIBC Asset Management Inc now owns 7,091 shares of the asset manager’s stock worth $510,000 after purchasing an additional 734 shares during the last quarter. Profund Advisors LLC raised its stake in SEI Investments by 6.3% during the 4th quarter. Profund Advisors LLC now owns 15,860 shares of the asset manager’s stock worth $1,140,000 after acquiring an additional 941 shares in the last quarter. Court Place Advisors LLC raised its stake in SEI Investments by 1.1% during the 3rd quarter. Court Place Advisors LLC now owns 88,107 shares of the asset manager’s stock worth $5,380,000 after acquiring an additional 950 shares in the last quarter. Advisor Group Inc. raised its stake in SEI Investments by 8.4% during the 4th quarter. Advisor Group Inc. now owns 13,438 shares of the asset manager’s stock worth $966,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Parsec Financial Management Inc. raised its stake in SEI Investments by 2.7% during the 4th quarter. Parsec Financial Management Inc. now owns 54,659 shares of the asset manager’s stock worth $3,928,000 after acquiring an additional 1,425 shares in the last quarter. 70.51% of the stock is owned by institutional investors and hedge funds.
Shares of SEI Investments (SEIC) opened at $76.97 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.07 and a current ratio of 4.14. The company has a market cap of $12,105.71, a price-to-earnings ratio of 30.79, a P/E/G ratio of 1.98 and a beta of 1.28. SEI Investments has a one year low of $49.26 and a one year high of $77.49.
Several equities research analysts recently commented on SEIC shares. Mizuho reiterated a “buy” rating and set a $72.00 price target on shares of SEI Investments in a research note on Friday, November 17th. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub lowered shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Oppenheimer reiterated a “buy” rating and set a $80.00 price target on shares of SEI Investments in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $73.50.
In other SEI Investments news, insider N Jeffrey Klauder sold 20,000 shares of SEI Investments stock in a transaction on Friday, February 16th. The shares were sold at an average price of $73.77, for a total value of $1,475,400.00. Following the transaction, the insider now directly owns 52,194 shares in the company, valued at $3,850,351.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carmen Romeo sold 5,400 shares of SEI Investments stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $74.65, for a total transaction of $403,110.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,400 shares of company stock worth $5,182,460. 16.50% of the stock is currently owned by company insiders.
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SEI Investments 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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