SEI Investments (NASDAQ:SEIC) Shares Acquired by Ghe LLC

Ghe LLC increased its stake in SEI Investments (NASDAQ:SEIC) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,943 shares of the asset manager’s stock after purchasing an additional 510 shares during the period. Ghe LLC’s holdings in SEI Investments were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of SEI Investments by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager’s stock valued at $89,291,000 after buying an additional 222,631 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of SEI Investments during the 1st quarter worth about $14,172,000. Jupiter Asset Management Ltd. acquired a new position in SEI Investments in the 2nd quarter worth about $7,787,000. West Coast Financial LLC boosted its position in SEI Investments by 120.8% during the second quarter. West Coast Financial LLC now owns 116,128 shares of the asset manager’s stock worth $7,512,000 after purchasing an additional 63,537 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in SEI Investments by 67.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 145,536 shares of the asset manager’s stock valued at $10,376,000 after purchasing an additional 58,808 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SEIC. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $73.00 target price (down previously from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Morgan Stanley lifted their price objective on SEI Investments from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Piper Sandler raised their target price on SEI Investments from $74.00 to $77.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Oppenheimer boosted their price target on SEI Investments from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, SEI Investments has an average rating of “Hold” and an average price target of $77.50.

SEI Investments Stock Up 0.0 %

SEIC traded up $0.02 during trading on Wednesday, reaching $80.83. The company’s stock had a trading volume of 9,234 shares, compared to its average volume of 588,310. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.55 and a beta of 0.97. The firm has a fifty day simple moving average of $71.48 and a two-hundred day simple moving average of $68.29. SEI Investments has a 1 year low of $56.69 and a 1 year high of $81.67.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The firm had revenue of $537.40 million for the quarter, compared to the consensus estimate of $534.08 million. During the same quarter last year, the business posted $0.87 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts forecast that SEI Investments will post 4.38 EPS for the current fiscal year.

SEI Investments declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 22nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the asset manager to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at SEI Investments

In other SEI Investments news, Director Carmen Romeo sold 5,000 shares of SEI Investments stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $79.64, for a total transaction of $398,200.00. Following the transaction, the director now directly owns 1,577,652 shares of the company’s stock, valued at $125,644,205.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other SEI Investments news, CEO Ryan Hicke sold 10,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $74.90, for a total transaction of $749,000.00. Following the transaction, the chief executive officer now directly owns 147,609 shares in the company, valued at $11,055,914.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carmen Romeo sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $79.64, for a total value of $398,200.00. Following the transaction, the director now owns 1,577,652 shares of the company’s stock, valued at approximately $125,644,205.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 200,646 shares of company stock valued at $14,115,934. 14.30% of the stock is owned by company insiders.

SEI Investments Company Profile

SEI Investments Company is a publicly owned asset management holding company. 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.