Pacer Advisors Inc. Buys 2,568 Shares of SEI Investments (NASDAQ:SEIC)

Pacer Advisors Inc. grew its position in shares of SEI Investments (NASDAQ:SEIC) by 13.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,541 shares of the asset manager’s stock after buying an additional 2,568 shares during the quarter. Pacer Advisors Inc.’s holdings in SEI Investments were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SEIC. Fairfield Financial Advisors LTD bought a new position in SEI Investments in the second quarter valued at about $30,000. TFO Wealth Partners LLC lifted its stake in shares of SEI Investments by 6,277.8% in the 4th quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after purchasing an additional 565 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of SEI Investments by 78.3% in the first quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after buying an additional 275 shares during the last quarter. Bessemer Group Inc. grew its position in SEI Investments by 184.7% during the first quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock valued at $43,000 after buying an additional 386 shares during the period. Finally, Mather Group LLC. increased its holdings in SEI Investments by 181.2% during the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock valued at $50,000 after buying an additional 500 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

SEI Investments Price Performance

Shares of SEIC stock opened at $68.87 on Friday. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.37 and a beta of 0.99. The company’s fifty day moving average price is $66.76 and its 200-day moving average price is $67.27. SEI Investments has a one year low of $52.19 and a one year high of $72.54.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The business had revenue of $518.99 million for the quarter, compared to the consensus estimate of $523.80 million. During the same period in the previous year, the business earned $0.89 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that SEI Investments will post 4.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SEIC has been the subject of a number of recent research reports. Piper Sandler cut their price objective on shares of SEI Investments from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a research report 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and an average target price of $71.25.

Insider Buying and Selling

In other news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the sale, the chairman now owns 7,504,285 shares in the company, valued at $505,488,637.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of the business’s stock in a transaction dated 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 directly owns 7,605,414 shares in the company, valued at $513,745,715.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of the firm’s stock in a transaction that occurred on 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 owns 7,504,285 shares of the company’s stock, valued at approximately $505,488,637.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,582 shares of company stock valued at $8,942,405. Corporate insiders own 14.30% of the company’s stock.

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.