Strs Ohio Purchases Shares of 29,834 SEI Investments Company $SEIC

Strs Ohio bought a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,834 shares of the asset manager’s stock, valued at approximately $2,316,000.

Several other large investors have also added to or reduced their stakes in SEIC. Geneos Wealth Management Inc. raised its position in SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Versant Capital Management Inc grew its stake in SEI Investments by 156.1% during the first quarter. Versant Capital Management Inc now owns 543 shares of the asset manager’s stock worth $42,000 after buying an additional 331 shares in the last quarter. First Horizon Advisors Inc. grew its stake in SEI Investments by 38.9% during the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager’s stock worth $62,000 after buying an additional 225 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of SEI Investments by 104.3% in the first quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager’s stock worth $103,000 after acquiring an additional 681 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of SEI Investments by 1,563.4% in the first quarter. Cullen Frost Bankers Inc. now owns 1,364 shares of the asset manager’s stock worth $106,000 after acquiring an additional 1,282 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Activity

In other news, CEO Ryan Hicke sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total value of $3,090,500.00. Following the transaction, the chief executive officer owned 171,260 shares of the company’s stock, valued at $15,122,258. This trade represents a 16.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the sale, the insider directly owned 1,300 shares in the company, valued at $115,375. This trade represents a 79.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.30% of the company’s stock.

SEI Investments Stock Up 0.1%

Shares of SEI Investments stock opened at $86.60 on Tuesday. The company has a market cap of $10.71 billion, a PE ratio of 16.25, a P/E/G ratio of 1.31 and a beta of 0.98. The business has a 50 day moving average of $89.16 and a 200 day moving average of $83.16. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.60. The business had revenue of $559.60 million during the quarter, compared to the consensus estimate of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. On average, research analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current year.

Wall Street Analyst Weigh In

SEIC has been the subject of a number of research reports. Raymond James Financial raised their price objective on shares of SEI Investments from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $98.00 price objective (down previously from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Morgan Stanley reissued an “overweight” rating and issued a $100.00 price target (up previously from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. Finally, Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SEI Investments presently has a consensus rating of “Hold” and a consensus target price of $102.00.

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.