Pensionfund Sabic Lowers stake in SEI Investments Company (SEIC)

SEI Investments Company (SEIC) : Pensionfund Sabic reduced its stake in SEI Investments Company by 20.71% during the most recent quarter end. The investment management company now holds a total of 33,300 shares of SEI Investments Company which is valued at $1.5 Million after selling 8,700 shares in SEI Investments Company according to a report filed by the company on Apr 4, 2016 with the SEC.SEI Investments Company makes up approximately 0.44% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in SEIC by selling 18,000 shares or 19.57% in the most recent quarter. The Hedge Fund company now holds 74,000 shares of SEIC which is valued at $3.2 Million. SEI Investments Company makes up approx 0.44% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, SEI Investments Company reported $0.48 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.48. The company had revenue of $335.40 million for the quarter, compared to analysts expectations of $334.96 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 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 closed down -0.11 points or -0.25% at $43.65 with 9,01,683 shares getting traded on Monday. Post opening the session at $44.04, the shares hit an intraday low of $43.635 and an intraday high of $44.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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