UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 45,019 Shares of SEI Investments Company $SEIC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in SEI Investments Company (NASDAQ:SEIC) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 801,056 shares of the asset manager’s stock after purchasing an additional 45,019 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.64% of SEI Investments worth $62,186,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in SEI Investments by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,511 shares of the asset manager’s stock worth $134,487,000 after purchasing an additional 111,065 shares during the period. Boston Trust Walden Corp boosted its stake in shares of SEI Investments by 1.5% during the 1st quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager’s stock worth $102,897,000 after acquiring an additional 19,150 shares during the last quarter. Millennium Management LLC boosted its stake in shares of SEI Investments by 339.3% during the 1st quarter. Millennium Management LLC now owns 783,619 shares of the asset manager’s stock worth $60,832,000 after acquiring an additional 605,252 shares during the last quarter. Amundi boosted its stake in shares of SEI Investments by 228.2% during the 1st quarter. Amundi now owns 782,035 shares of the asset manager’s stock worth $57,472,000 after acquiring an additional 543,753 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of SEI Investments by 38.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 737,247 shares of the asset manager’s stock worth $57,232,000 after acquiring an additional 204,911 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SEIC. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $98.00 price target (down previously from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Morgan Stanley reiterated an “overweight” rating and set a $100.00 price target (up previously from $84.00) on shares of SEI Investments in a research note on Thursday, June 26th. Wall Street Zen upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Piper Sandler lowered their target price on shares of SEI Investments from $96.00 to $93.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $102.00.

Insider Activity

In related news, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total transaction of $443,750.00. Following the transaction, the insider directly owned 1,300 shares in the company, valued at approximately $115,375. This represents a 79.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the transaction, the chief executive officer owned 171,260 shares in the company, valued at $15,122,258. The trade was a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company’s stock.

SEI Investments Stock Down 1.4%

SEI Investments stock opened at $86.50 on Monday. The company’s 50-day moving average price is $89.28 and its 200-day moving average price is $83.12. SEI Investments Company has a twelve month low of $64.66 and a twelve month high of $93.96. The company has a market cap of $10.69 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.31 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.60. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The firm had revenue of $559.60 million for the quarter, compared to the consensus estimate of $550.72 million. During the same period in the previous year, the firm posted $1.05 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

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.