SEI Investments (NASDAQ:SEIC) Holdings Raised by JLB & Associates Inc.

JLB & Associates Inc. grew its stake in shares of SEI Investments (NASDAQ:SEIC) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 288,524 shares of the asset manager’s stock after buying an additional 2,722 shares during the quarter. SEI Investments comprises 2.6% of JLB & Associates Inc.’s holdings, making the stock its 15th biggest position. JLB & Associates Inc. owned about 0.22% of SEI Investments worth $19,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in SEI Investments by 19.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager’s stock worth $89,291,000 after purchasing an additional 222,631 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of SEI Investments by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 1,186,439 shares of the asset manager’s stock valued at $76,751,000 after buying an additional 36,810 shares during the period. Raymond James & Associates boosted its stake in SEI Investments by 4.8% during the second quarter. Raymond James & Associates now owns 524,631 shares of the asset manager’s stock valued at $33,938,000 after buying an additional 24,058 shares in the last quarter. ProShare Advisors LLC grew its holdings in SEI Investments by 0.6% during the second quarter. ProShare Advisors LLC now owns 465,011 shares of the asset manager’s stock worth $30,082,000 after acquiring an additional 2,698 shares during the period. Finally, Principal Financial Group Inc. raised its position in SEI Investments by 2.2% in the first quarter. Principal Financial Group Inc. now owns 384,371 shares of the asset manager’s stock worth $27,636,000 after acquiring an additional 8,222 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 44,163 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $67.55, for a total value of $2,983,210.65. Following the completion of the sale, the chairman now owns 7,605,414 shares in the company, valued at approximately $513,745,715.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $67.48, for a total value of $1,850,234.12. Following the completion of the sale, the chairman now directly owns 7,649,577 shares of the company’s stock, valued at $516,193,455.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the completion of the sale, the chairman now directly owns 7,605,414 shares of the company’s stock, valued at approximately $513,745,715.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,582 shares of company stock worth $8,942,405. 14.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler reduced 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.25.

SEI Investments Price Performance

Shares of SEIC opened at $69.49 on Thursday. SEI Investments has a one year low of $52.19 and a one year high of $72.54. The company has a 50-day moving average of $67.00 and a two-hundred day moving average of $67.26. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.38 and a beta of 0.99.

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