Jlb Associates Inc buys $10,083,556 stake in SEI Investments Company (SEIC)

SEI Investments Company (SEIC) : Jlb Associates Inc scooped up 2,866 additional shares in SEI Investments Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 196,906 shares of SEI Investments Company which is valued at $10,083,556.SEI Investments Company makes up approximately 2.77% of Jlb Associates Inc’s portfolio.

Other Hedge Funds, Including , Donald L. Hagan sold out all of its stake in SEIC during the most recent quarter. The investment firm sold 14,912 shares of SEIC which is valued $763,644. Acadian Asset Management sold out all of its stake in SEIC during the most recent quarter. The investment firm sold 101 shares of SEIC which is valued $5,144. Simplex Trading sold out all of its stake in SEIC during the most recent quarter. The investment firm sold 889 shares of SEIC which is valued $45,277.Bnp Paribas Arbitrage Sa reduced its stake in SEIC by selling 3,168 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 70,133 shares of SEIC which is valued at $3,447,037. SEI Investments Company makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

SEI Investments Company closed down -0.45 points or -0.98% at $45.26 with 14,83,713 shares getting traded on Thursday. Post opening the session at $45.19, the shares hit an intraday low of $44.0007 and an intraday high of $45.69 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, SEI Investments Company reported $0.49 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.50. The company had revenue of $343.83 million for the quarter, compared to analysts expectations of $346.47 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

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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