SEI Investments Company $SEIC Holdings Lifted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in shares of SEI Investments Company (NASDAQ:SEIC) by 22.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,704 shares of the asset manager’s stock after purchasing an additional 6,041 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in SEI Investments were worth $2,939,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in SEI Investments in the 2nd quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. grew its position 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. First Horizon Advisors Inc. grew its stake in shares of SEI Investments by 38.9% during the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager’s stock worth $62,000 after purchasing an additional 225 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of SEI Investments by 104.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager’s stock valued at $103,000 after buying an additional 681 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SEIC shares. Keefe, Bruyette & Woods cut their price target on SEI Investments from $98.00 to $93.00 and set a “market perform” rating on the stock in a report on Monday. Zacks Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating in a report on Monday. Piper Sandler reduced their target price on shares of SEI Investments from $96.00 to $93.00 and set a “neutral” rating for the company in a report on Thursday, July 24th. Oppenheimer lifted their price target on shares of SEI Investments from $96.00 to $101.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Finally, Raymond James Financial increased their price objective on shares of SEI Investments from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.40.

Insider Buying and Selling

In other news, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $85.66, for a total transaction of $856,600.00. Following the sale, the director directly owned 75,641 shares of the company’s stock, valued at approximately $6,479,408.06. This represents a 11.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carl Guarino sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $86.41, for a total transaction of $864,100.00. Following the sale, the director directly owned 16,042 shares of the company’s stock, valued at $1,386,189.22. This represents a 38.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $5,254,950 over the last 90 days. 14.60% of the stock is currently owned by insiders.

SEI Investments Stock Performance

Shares of SEIC stock opened at $82.57 on Thursday. The company has a 50-day simple moving average of $86.78 and a 200 day simple moving average of $84.43. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.26 and a beta of 0.96. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.60. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The business had revenue of $559.60 million during the quarter, compared to analysts’ expectations of $550.72 million. During the same quarter in the previous year, the company earned $1.05 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts forecast that SEI Investments Company will post 4.86 EPS 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.