Meristem held its stake in shares of SEI Investments Company (NASDAQ:SEIC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,950 shares of the company’s stock at the end of the fourth quarter. Meristem’s holdings in SEI Investments Company were worth $888,000 at the end of the most recent reporting period.

Separately, Janus Capital Management boosted its stake in SEI Investments Company by 142.6% in the third quarter. Janus Capital Management now owns 878,900 shares of the company’s stock valued at $42,389,000 after buying an additional 516,568 shares in the last quarter.

SEI Investments Company (NASDAQ:SEIC) traded up 4.03% on Friday, hitting $44.92. The stock had a trading volume of 1,377,302 shares. The company has a market cap of $7.40 billion and a P/E ratio of 23.27. SEI Investments Company has a 1-year low of $39.57 and a 1-year high of $55.48. The stock has a 50 day moving average price of $50.12 and a 200 day moving average price of $51.07.

SEI Investments Company (NASDAQ:SEIC) last released its earnings results on Wednesday, October 21st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.03. The firm earned $335.62 million during the quarter, compared to the consensus estimate of $337.59 million. During the same period in the previous year, the business posted $0.49 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that SEI Investments Company will post $1.96 EPS for the current fiscal year.

The business also recently announced a dividend, which was paid on Tuesday, January 5th. Stockholders of record on Monday, December 21st were paid a $0.26 dividend. The ex-dividend date was Thursday, December 17th.

Several research firms recently commented on SEIC. Zacks Investment Research reaffirmed a “hold” rating on shares of SEI Investments Company in a research note on Monday, January 18th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of SEI Investments Company in a report on Thursday, October 22nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $53.00.

In other news, Director Richard Lieb sold 12,500 shares of the business’s stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $51.84, for a total value of $648,000.00. Following the completion of the sale, the director now owns 127,128 shares of the company’s stock, valued at approximately $6,590,315.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Alfred P. West, Jr. sold 50,000 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $51.95, for a total value of $2,597,500.00. Following the completion of the sale, the insider now directly owns 11,841,764 shares of the company’s stock, valued at approximately $615,179,639.80. The disclosure for this sale can be found here.

SEI Investments Company is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families create and manage wealth by providing investment and investment-business solutions. The Company operates in five segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses. The Company’s investment management business solutions include investment processing outsourcing solutions for providers of institutional and private-client wealth management services, including banks, trust companies, independent wealth advisers and other financial services firms; investment management solutions for institutional investors, and individual investors and investment operations outsourcing solutions for investment management firms, banks and investment companies.

12 Month Chart for NASDAQ:SEIC

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