Public Employees Retirement System of Ohio Grows Holdings in SEI Investments Company $SEIC

Public Employees Retirement System of Ohio increased its holdings in SEI Investments Company (NASDAQ:SEIC) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,909 shares of the asset manager’s stock after acquiring an additional 2,523 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.05% of SEI Investments worth $5,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc increased its position in SEI Investments by 156.1% during the 1st quarter. Versant Capital Management Inc now owns 543 shares of the asset manager’s stock valued at $42,000 after buying an additional 331 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in SEI Investments during the second quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SEI Investments by 252.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock worth $46,000 after acquiring an additional 363 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of SEI Investments by 38.9% in the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager’s stock worth $62,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Transactions at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 35,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 171,260 shares of the company’s stock, valued at approximately $15,122,258. This represents a 16.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total transaction of $443,750.00. Following the transaction, the insider owned 1,300 shares in the company, valued at $115,375. This represents a 79.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $4,398,350 in the last quarter. Company insiders own 14.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SEIC. Oppenheimer upped their price target on shares of SEI Investments from $96.00 to $101.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Piper Sandler dropped 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. Raymond James Financial increased their price target 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. Morgan Stanley raised their price target on shares of SEI Investments from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Zacks Research cut SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $105.00.

SEI Investments Price Performance

SEIC stock opened at $85.70 on Monday. The company has a market cap of $10.59 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96. The stock’s fifty day moving average price is $88.03 and its 200-day moving average price is $83.85.

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

About SEI Investments

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.