Calamos Advisors LLC Makes New Investment in SEI Investments Company $SEIC

Key Points

• Calamos Advisors acquired a new position of 16,667 SEI Investments shares in the third quarter, worth approximately $1.71 million. Institutional investors and hedge funds collectively own 70.59% of the company.
• SEI reported quarterly earnings of $1.64 per share and revenue of $662.04 million, beating analyst estimates; revenue rose 14.4% year over year.
• Analysts’ consensus rating is Buy, with an average price target of $125.50. Company insiders sold 73,777 shares worth about $7.9 million over the past 90 days.

Calamos Advisors LLC acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,667 shares of the asset manager's stock, valued at approximately $1,711,000.

Other large investors also recently modified their holdings of the company. Readystate Asset Management LP acquired a new stake in SEI Investments during the 2nd quarter worth about $1,649,000. Jupiter Topco LLC bought a new position in shares of SEI Investments in the 2nd quarter worth about $3,958,000. Lazard Asset Management LLC lifted its stake in shares of SEI Investments by 85.2% in the 1st quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager's stock valued at $2,985,000 after purchasing an additional 17,504 shares during the period. Tidal Investments LLC lifted its stake in shares of SEI Investments by 40.4% in the 2nd quarter. Tidal Investments LLC now owns 226,700 shares of the asset manager's stock valued at $19,884,000 after purchasing an additional 65,207 shares during the period. Finally, Morningstar Investment Management LLC lifted its stake in shares of SEI Investments by 27.9% in the 1st quarter. Morningstar Investment Management LLC now owns 46,245 shares of the asset manager's stock valued at $3,629,000 after purchasing an additional 10,091 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $108.56 on Tuesday. The company has a market capitalization of $12.87 billion, a PE ratio of 18.88 and a beta of 0.97. The company has a quick ratio of 4.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The stock's 50 day moving average price is $105.48 and its 200-day moving average price is $93.50. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $112.15.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, October 21st. The asset manager reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.06. The company had revenue of $662.04 million for the quarter, compared to analysts' expectations of $656.25 million. SEI Investments had a return on equity of 30.14% and a net margin of 28.06%. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 EPS. On average, equities analysts anticipate that SEI Investments Company will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SEIC. UBS Group restated a "buy" rating and set a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. William Blair upgraded SEI Investments from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 15th. Zacks Research downgraded SEI Investments from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Weiss Ratings raised SEI Investments from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, October 26th. Finally, Wall Street Zen cut SEI Investments from a "buy" rating to a "hold" rating in a report on Saturday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $125.50.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 5,483 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $103.16, for a total transaction of $565,626.28. Following the completion of the transaction, the chairman directly owned 6,784,574 shares of the company's stock, valued at approximately $699,896,653.84. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Lane sold 2,400 shares of the firm's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $102.78, for a total value of $246,672.00. Following the completion of the sale, the executive vice president directly owned 39,581 shares of the company's stock, valued at $4,068,135.18. This represents a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 73,777 shares of company stock valued at $7,899,863. Company insiders own 4.80% of the company's stock.

SEI Investments Profile

SEI Investments Company is a financial technology and investment services firm founded in 1968 by Alfred P. West Jr. The company provides technology, investment management and operational services to financial institutions and investors.

Its offerings include investment processing and administration, outsourced investment management, and technology platforms that support wealth managers, asset managers, financial institutions and institutional investors. SEI also provides investment solutions through its own asset management business.

Headquartered in Oaks, Pennsylvania, SEI serves clients in the United States and internationally, including in Europe and other global markets.

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