Atlanta Capital Management Co. L L C Has $489.91 Million Holdings in SEI Investments (SEIC)
Atlanta Capital Management Co. L L C reduced its position in SEI Investments (NASDAQ:SEIC) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,817,585 shares of the asset manager’s stock after selling 69,196 shares during the period. SEI Investments comprises about 2.6% of Atlanta Capital Management Co. L L C’s holdings, making the stock its 4th largest position. Atlanta Capital Management Co. L L C owned approximately 4.34% of SEI Investments worth $489,911,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. CIBC Asset Management Inc increased its position in SEI Investments by 11.5% in 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. Xact Kapitalforvaltning AB increased its position in SEI Investments by 8.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,787 shares of the asset manager’s stock worth $720,000 after purchasing an additional 899 shares during the last quarter. Court Place Advisors LLC increased its position in SEI Investments by 1.1% in the 3rd quarter. Court Place Advisors LLC now owns 88,107 shares of the asset manager’s stock worth $5,380,000 after purchasing an additional 950 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of SEI Investments by 18.6% during the 3rd quarter. Penserra Capital Management LLC now owns 7,138 shares of the asset manager’s stock valued at $438,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in shares of SEI Investments by 34.9% during the 3rd quarter. Wedbush Securities Inc. now owns 5,215 shares of the asset manager’s stock valued at $318,000 after acquiring an additional 1,349 shares during the last quarter. 70.95% of the stock is currently owned by institutional investors.
In related news, EVP Joseph P. Ujobai sold 20,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $72.81, for a total transaction of $1,456,200.00. Following the completion of the sale, the executive vice president now owns 32,540 shares in the company, valued at approximately $2,369,237.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul Klauder sold 10,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $73.52, for a total value of $735,200.00. Following the sale, the executive vice president now owns 24,129 shares of the company’s stock, valued at approximately $1,773,964.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,000 shares of company stock worth $5,414,750. 16.50% of the stock is currently owned by insiders.
SEI Investments (SEIC) opened at $72.73 on Wednesday. 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 capitalization of $11,450.00, a PE ratio of 29.21, a PEG ratio of 1.90 and a beta of 1.29. SEI Investments has a fifty-two week low of $49.04 and a fifty-two week high of $77.49.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.15. The business had revenue of $408.22 million for the quarter, compared to analyst estimates of $397.96 million. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. analysts expect that SEI Investments will post 3.24 earnings per share for the current year.
SEI Investments announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the asset manager to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
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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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