SEI Investments Company $SEIC Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC lifted its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,716 shares of the asset manager’s stock after buying an additional 857 shares during the quarter. Voya Investment Management LLC’s holdings in SEI Investments were worth $1,298,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SEIC. Geneos Wealth Management Inc. raised its stake in shares of SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after buying an additional 200 shares during the period. Versant Capital Management Inc raised its stake in shares of SEI Investments by 156.1% during the 1st quarter. Versant Capital Management Inc now owns 543 shares of the asset manager’s stock worth $42,000 after buying an additional 331 shares during the period. First Horizon Advisors Inc. raised its stake in shares of SEI Investments by 38.9% during the 1st quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager’s stock worth $62,000 after buying an additional 225 shares during the period. Farther Finance Advisors LLC raised its stake in SEI Investments by 104.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager’s stock valued at $103,000 after purchasing an additional 681 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in SEI Investments by 1,563.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 1,364 shares of the asset manager’s stock valued at $106,000 after purchasing an additional 1,282 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $87.08 on Tuesday. The firm has a market capitalization of $10.76 billion, a PE ratio of 16.34, a P/E/G ratio of 1.31 and a beta of 0.98. The business has a 50-day moving average of $88.56 and a two-hundred day moving average of $83.51. SEI Investments Company has a 12 month low of $64.66 and a 12 month high of $93.96.

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

Insider Transactions at SEI Investments

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SEIC. Morgan Stanley upped their target price on SEI Investments from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $98.00 target price (down from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Oppenheimer increased their price target on SEI Investments from $96.00 to $101.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Raymond James Financial raised their target price on SEI Investments from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Piper Sandler cut their target price on SEI Investments from $96.00 to $93.00 and set a “neutral” rating on the stock in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, SEI Investments currently has an average rating of “Hold” and a consensus price target of $105.00.

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.