Loomis Sayles Co L P buys $577 Million stake in SEI Investments Company (SEIC)

SEI Investments Company (SEIC) : Loomis Sayles Co L P scooped up 1,033,841 additional shares in SEI Investments Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 11,987,507 shares of SEI Investments Company which is valued at $577 Million.SEI Investments Company makes up approximately 1.65% of Loomis Sayles Co L P’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc reduced its stake in SEIC by selling 36,121 shares or 36.51% in the most recent quarter. The Hedge Fund company now holds 62,821 shares of SEIC which is valued at $3 Million. SEI Investments Company makes up approx 0.01% of Hsbc Holdings Plc’s portfolio.Rs Investment Management Co reduced its stake in SEIC by selling 232,730 shares or 29.81% in the most recent quarter. The Hedge Fund company now holds 547,910 shares of SEIC which is valued at $26.4 Million. SEI Investments Company makes up approx 0.26% of Rs Investment Management Co’s portfolio.Keybank National Associationoh boosted its stake in SEIC in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 10,006 shares of SEI Investments Company which is valued at $481,589.State Of Wisconsin Investment Board reduced its stake in SEIC by selling 4,260 shares or 4.13% in the most recent quarter. The Hedge Fund company now holds 98,894 shares of SEIC which is valued at $4.7 Million. SEI Investments Company makes up approx 0.02% of State Of Wisconsin Investment Board’s portfolio.

SEI Investments Company closed down -0.08 points or -0.16% at $50.97 with 5,88,024 shares getting traded on Wednesday. Post opening the session at $51.25, the shares hit an intraday low of $50.82 and an intraday high of $51.37 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 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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