SEI Investments (NASDAQ:SEIC) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its position in SEI Investments (NASDAQ:SEIC) by 597.5% during the 2nd quarter, Holdings Channel reports. The fund owned 21,217 shares of the asset manager’s stock after buying an additional 18,175 shares during the quarter. Intech Investment Management LLC’s holdings in SEI Investments were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Investing LLC boosted its stake in shares of SEI Investments by 5.6% in the second quarter. Inspire Investing LLC now owns 31,029 shares of the asset manager’s stock valued at $2,007,000 after buying an additional 1,653 shares in the last quarter. MQS Management LLC purchased a new stake in shares of SEI Investments during the 2nd quarter worth $754,000. XTX Topco Ltd purchased a new stake in shares of SEI Investments during the 2nd quarter worth $1,014,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of SEI Investments by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,443 shares of the asset manager’s stock worth $1,387,000 after purchasing an additional 1,924 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of SEI Investments by 5.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,326 shares of the asset manager’s stock valued at $539,000 after purchasing an additional 395 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SEIC has been the topic of a number of research analyst reports. Piper Sandler decreased their price objective on shares of SEI Investments from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SEI Investments presently has a consensus rating of “Hold” and a consensus target price of $71.25.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 61,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total value of $4,108,960.00. Following the transaction, the chairman now directly owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 61,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total value of $4,108,960.00. Following the completion of the transaction, the chairman now directly owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $67.55, for a total value of $2,983,210.65. Following the sale, the chairman now owns 7,605,414 shares in the company, valued at approximately $513,745,715.70. The disclosure for this sale can be found here. Insiders have sold a total of 132,582 shares of company stock valued at $8,942,405 over the last quarter. Insiders own 14.30% of the company’s stock.

SEI Investments Trading Down 0.0 %

Shares of SEIC opened at $68.79 on Wednesday. The company has a 50-day moving average of $66.73 and a two-hundred day moving average of $67.25. The stock has a market cap of $9.04 billion, a P/E ratio of 18.80, a PEG ratio of 1.34 and a beta of 0.99. SEI Investments has a 12-month low of $52.19 and a 12-month high of $72.54.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The firm had revenue of $518.99 million for the quarter, compared to analyst estimates of $523.80 million. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. SEI Investments’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. As a group, analysts forecast that SEI Investments will post 4.2 EPS for the current fiscal year.

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.