Janney Montgomery Scott LLC Buys 132,857 Shares of SEI Investments Company $SEIC

Janney Montgomery Scott LLC boosted its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 5,005.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135,511 shares of the asset manager’s stock after buying an additional 132,857 shares during the period. Janney Montgomery Scott LLC owned approximately 0.11% of SEI Investments worth $12,177,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SEIC. Bison Wealth LLC bought a new stake in SEI Investments during the fourth quarter valued at $207,000. Wealth Enhancement Advisory Services LLC boosted its stake in SEI Investments by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,040 shares of the asset manager’s stock valued at $1,241,000 after buying an additional 310 shares during the period. Versant Capital Management Inc boosted 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 valued at $42,000 after buying an additional 331 shares during the period. Vest Financial LLC bought a new stake in SEI Investments during the first quarter valued at $2,580,000. Finally, Procyon Advisors LLC boosted its stake in SEI Investments by 7.9% during the first quarter. Procyon Advisors LLC now owns 38,420 shares of the asset manager’s stock valued at $2,983,000 after buying an additional 2,818 shares during the period. Institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Performance

SEIC stock opened at $85.62 on Friday. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96. The business’s 50 day moving average price is $87.50 and its two-hundred day moving average price is $84.08. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

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 return on equity of 29.96% and a net margin of 31.25%.The firm had revenue of $559.60 million for the quarter, compared to the consensus estimate of $550.72 million. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current year.

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 stock was 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 approximately $15,122,258. This represents a 16.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carl Guarino sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $86.41, for a total value of $864,100.00. Following the completion of the sale, the director directly owned 16,042 shares in the company, valued at approximately $1,386,189.22. This represents a 38.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock worth $5,254,950 over the last quarter. Insiders own 14.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SEIC. Keefe, Bruyette & Woods reissued a “market perform” rating and set 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 downgraded SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Raymond James Financial raised their price target on SEI Investments from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Oppenheimer raised 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. Finally, Morgan Stanley raised their price target on SEI Investments from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

SEI Investments 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.