SEI Investments Company $SEIC Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in SEI Investments Company (NASDAQ:SEIC) by 33.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 366,742 shares of the asset manager’s stock after buying an additional 92,763 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.30% of SEI Investments worth $32,955,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Addison Advisors LLC grew its position in shares of SEI Investments by 117.6% during the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 247 shares during the period. Geneos Wealth Management Inc. grew its holdings in SEI Investments by 60.2% in 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 period. Harbor Capital Advisors Inc. purchased a new stake in shares of SEI Investments in the second quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SEI Investments by 252.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock worth $46,000 after buying an additional 363 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in shares of SEI Investments during the 2nd quarter valued at approximately $81,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SEIC. Keefe, Bruyette & Woods reduced their price objective on shares of SEI Investments from $98.00 to $93.00 and set a “market perform” rating for the company in a research report on Monday, October 13th. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Wednesday, October 8th. Raymond James Financial lifted their price objective on SEI Investments from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Zacks Research downgraded SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Morgan Stanley boosted their price target on SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

SEI Investments Price Performance

SEIC stock opened at $81.10 on Friday. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.73 and a quick ratio of 5.62. The firm has a market capitalization of $9.93 billion, a PE ratio of 14.91 and a beta of 0.98. The business has a 50 day simple moving average of $81.89 and a 200-day simple moving average of $85.72.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $578.51 million for the quarter, compared to the consensus estimate of $578.75 million. SEI Investments had a return on equity of 30.21% and a net margin of 31.09%.The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 earnings per share. Equities research analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments announced that its Board of Directors has initiated a share buyback program on Friday, October 24th that permits the company to buyback $650.00 million in shares. This buyback authorization permits the asset manager to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at SEI Investments

In related news, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $85.66, for a total transaction of $856,600.00. Following the completion of the sale, the director directly owned 75,641 shares in the company, valued at approximately $6,479,408.06. This trade represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 24,770 shares of SEI Investments stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $80.87, for a total transaction of $2,003,149.90. Following the transaction, the chairman directly owned 6,942,812 shares in the company, valued at $561,465,206.44. This trade represents a 0.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,770 shares of company stock worth $3,723,850 in the last quarter. Company insiders own 14.60% of the company’s stock.

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.