Pzena Investment Management Increased Scansource (SCSC) Position; Sei Investments Co (SEIC)’s Sentiment Is 1.25

March 12, 2018 - By Migdalia James

SEI Investments Co. is a publicly owned asset management holding company. The company has market cap of $12.11 billion. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It has a 30.91 P/E ratio. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, firms, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries.

Pzena Investment Management Llc increased Scansource Inc (SCSC) stake by 3.29% reported in 2017Q3 SEC filing. Pzena Investment Management Llc acquired 42,025 shares as Scansource Inc (SCSC)’s stock declined 12.70%. The Pzena Investment Management Llc holds 1.32M shares with $57.53M value, up from 1.28 million last quarter. Scansource Inc now has $886.05M valuation. The stock increased 1.76% or $0.6 during the last trading session, reaching $34.65. About 78,389 shares traded. ScanSource, Inc. (NASDAQ:SCSC) has declined 0.87% since March 12, 2017 and is downtrending. It has underperformed by 17.57% the S&P500.

Among 2 analysts covering ScanSource (NASDAQ:SCSC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ScanSource had 3 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of ScanSource, Inc. (NASDAQ:SCSC) earned “Buy” rating by Northcoast on Wednesday, December 23. The company was upgraded on Wednesday, August 12 by Zacks. The stock has “Outperform” rating by Raymond James on Tuesday, August 30.

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.25, from 1.26 in 2017Q2. It turned negative, as 11 investors sold SCSC shares while 47 reduced holdings. 20 funds opened positions while 53 raised stakes. 23.93 million shares or 1.00% more from 23.70 million shares in 2017Q2 were reported. Great Lakes Advsrs Limited Com has 0.13% invested in ScanSource, Inc. (NASDAQ:SCSC) for 123,138 shares. Wells Fargo Mn invested in 0% or 39,688 shares. Price T Rowe Assocs Md, a Maryland-based fund reported 28,110 shares. Foundry Partners Llc reported 108,170 shares. Barrow Hanley Mewhinney Strauss Ltd Limited Liability Company, a Texas-based fund reported 141,054 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt Corporation has invested 0.03% in ScanSource, Inc. (NASDAQ:SCSC). Canal Insur Co holds 1% or 65,400 shares. Loomis Sayles And Company Lp holds 0% or 185 shares. Jpmorgan Chase And owns 50,159 shares. Cornerstone Mgmt Holdg Ltd Liability Co has invested 0.03% in ScanSource, Inc. (NASDAQ:SCSC). Palouse Cap Mgmt Incorporated stated it has 5,172 shares. Goldman Sachs holds 0% in ScanSource, Inc. (NASDAQ:SCSC) or 131,451 shares. Convergence Inv Limited Liability Company holds 0.25% or 40,300 shares in its portfolio. Blackrock stated it has 0.01% in ScanSource, Inc. (NASDAQ:SCSC). Art Advsrs Ltd Limited Liability Company has invested 0.02% in ScanSource, Inc. (NASDAQ:SCSC).

Since September 18, 2017, it had 0 insider purchases, and 3 selling transactions for $2.58 million activity. $370,590 worth of ScanSource, Inc. (NASDAQ:SCSC) was sold by Reilly John Patrick on Monday, September 18. The insider BAUR MICHAEL L sold $238,053.

Pzena Investment Management Llc decreased Terex Corp (NYSE:TEX) stake by 659,696 shares to 4.52M valued at $203.59M in 2017Q3. It also reduced Intel Corporation (NASDAQ:INTC) stake by 8.48M shares and now owns 6,152 shares. Xl Group Ltd was reduced too.

The stock increased 2.14% or $1.61 during the last trading session, reaching $76.97. About 603,674 shares traded. SEI Investments Co. (SEIC) has risen 1.87% since March 12, 2017 and is uptrending. It has underperformed by 14.83% the S&P500.

Dudley & Shanley Llc holds 6.01% of its portfolio in SEI Investments Co. for 445,700 shares. Goodnow Investment Group Llc owns 321,405 shares or 4.04% of their US portfolio. Moreover, Hahn Capital Management Llc has 3.71% invested in the company for 614,442 shares. The Maryland-based Df Dent & Co Inc has invested 3.65% in the stock. American Capital Management Inc, a New York-based fund reported 849,780 shares.

Analysts await SEI Investments Co. (NASDAQ:SEIC) to report earnings on April, 18. They expect $0.78 earnings per share, up 41.82% or $0.23 from last year’s $0.55 per share. SEIC’s profit will be $122.68 million for 24.67 P/E if the $0.78 EPS becomes a reality. After $0.58 actual earnings per share reported by SEI Investments Co. for the previous quarter, Wall Street now forecasts 34.48% EPS growth.

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