Northwest Investment Counselors buys $695,800 stake in SEI Investments Company (SEIC)

SEI Investments Company (SEIC) : Northwest Investment Counselors scooped up 1,596 additional shares in SEI Investments Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 14,200 shares of SEI Investments Company which is valued at $695,800.SEI Investments Company makes up approximately 0.39% of Northwest Investment Counselors’s portfolio.

SEI Investments Company closed down -0.2 points or -0.41% at $48.73 with 4,40,223 shares getting traded on Wednesday. Post opening the session at $48.71, the shares hit an intraday low of $48.35 and an intraday high of $49.13 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in SEIC during the most recent quarter. The investment firm sold 3,248 shares of SEIC which is valued $159,152.Oakbrook Investments reduced its stake in SEIC by selling 1,200 shares or 8.82% in the most recent quarter. The Hedge Fund company now holds 12,400 shares of SEIC which is valued at $571,268. SEI Investments Company makes up approx 0.04% of Oakbrook Investments’s portfolio.Independent Portfolio Consultants reduced its stake in SEIC by selling 720 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 26,320 shares of SEIC which is valued at $1,212,562. SEI Investments Company makes up approx 0.34% of Independent Portfolio Consultants’s portfolio.Santa Fe Partners reduced its stake in SEIC by selling 54,771 shares or 73.02% in the most recent quarter. The Hedge Fund company now holds 20,233 shares of SEIC which is valued at $932,134. SEI Investments Company makes up approx 0.15% of Santa Fe Partners’s portfolio.

On the company’s financial health, SEI Investments Company reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.44. The company had revenue of $334.30 million for the quarter, compared to analysts expectations of $332.63 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on SEI Investments Company. SEI Investments Company was Upgraded by Keefe Bruyette to ” Mkt Perform” on Apr 6, 2016. SEI Investments Company was Downgraded by Keefe Bruyette to ” Underperform” on Jan 28, 2016. Shares were Reiterated by Oppenheimer on Jan 28, 2016 to “Outperform” and Lowered the Price Target to $ 52 from a previous price target of $57 .

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.

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