Alphasimplex Group LLC Takes $239,000 Position in SEI Investments (NASDAQ:SEIC)

Alphasimplex Group LLC purchased a new stake in shares of SEI Investments (NASDAQ:SEICGet Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,921 shares of the asset manager’s stock, valued at approximately $239,000.

Several other hedge funds have also recently added to or reduced their stakes in SEIC. O Shaughnessy Asset Management LLC increased its stake in SEI Investments by 305.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 604 shares of the asset manager’s stock valued at $36,000 after buying an additional 455 shares during the period. Trust Co. of Vermont acquired a new position in SEI Investments in the 4th quarter valued at approximately $40,000. Harbor Investment Advisory LLC acquired a new position in SEI Investments in the 4th quarter valued at approximately $49,000. UMB Bank N A MO acquired a new position in SEI Investments in the 4th quarter valued at approximately $52,000. Finally, Signaturefd LLC increased its stake in SEI Investments by 34.4% in the 4th quarter. Signaturefd LLC now owns 851 shares of the asset manager’s stock valued at $52,000 after buying an additional 218 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Shares of NASDAQ SEIC traded up $0.95 during trading hours on Friday, hitting $54.84. 416,945 shares of the stock were exchanged, compared to its average volume of 665,970. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.19 and a quick ratio of 5.08. The company’s 50 day moving average is $57.94 and its 200 day moving average is $59.95. The firm has a market capitalization of $7.53 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.09 and a beta of 1.04. SEI Investments has a one year low of $52.84 and a one year high of $65.22.

SEI Investments (NASDAQ:SEICGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The asset manager reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $581.44 million for the quarter, compared to the consensus estimate of $560.41 million. SEI Investments had a return on equity of 32.49% and a net margin of 29.72%. SEI Investments’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. Research analysts anticipate that SEI Investments will post 4.07 earnings per share for the current fiscal year.

SEIC has been the subject of several recent research reports. Morgan Stanley decreased their target price on shares of SEI Investments from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, April 21st. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research report on Friday, April 22nd. StockNews.com initiated coverage on shares of SEI Investments in a research report on Thursday, March 31st. They issued a “buy” rating for the company. The Goldman Sachs Group downgraded shares of SEI Investments from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $67.00 to $65.00 in a research report on Monday, March 28th. Finally, Oppenheimer decreased their target price on shares of SEI Investments from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, January 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.80.

About SEI Investments (Get Rating)

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

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