ProShare Advisors LLC grew its position in shares of SEI Investments Company (NASDAQ:SEIC – Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 405,354 shares of the asset manager’s stock after acquiring an additional 15,733 shares during the quarter. ProShare Advisors LLC’s holdings in SEI Investments were worth $33,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after purchasing an additional 30,970 shares in the last quarter. Bank of America Corp DE grew its position in SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after purchasing an additional 133,057 shares in the last quarter. Dimensional Fund Advisors LP grew its position in SEI Investments by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock worth $158,084,000 after purchasing an additional 31,953 shares in the last quarter. Invesco Ltd. increased its stake in SEI Investments by 4.1% in the 3rd quarter. Invesco Ltd. now owns 1,731,523 shares of the asset manager’s stock valued at $146,920,000 after buying an additional 68,873 shares during the last quarter. Finally, Caisse de depot et placement du Quebec increased its stake in SEI Investments by 31.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock valued at $114,018,000 after buying an additional 317,703 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a research note on Thursday, April 23rd. Morgan Stanley dropped their price target on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods upped their price objective on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 target price on shares of SEI Investments in a research report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, SEI Investments presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.
SEI Investments Stock Down 0.3%
SEI Investments stock opened at $90.77 on Thursday. The firm has a 50 day moving average price of $83.05 and a 200-day moving average price of $82.96. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $93.96. The company has a market capitalization of $10.92 billion, a P/E ratio of 15.49 and a beta of 1.00.
SEI Investments (NASDAQ:SEIC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company had revenue of $622.18 million for the quarter, compared to analysts’ expectations of $641.82 million. During the same quarter in the previous year, the firm posted $1.17 EPS. SEI Investments’s revenue was up 12.9% on a year-over-year basis. As a group, equities analysts predict that SEI Investments Company will post 5.89 EPS for the current year.
Insiders Place Their Bets
In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total value of $364,640.00. Following the sale, the insider directly owned 921 shares in the company, valued at $83,958.36. The trade was a 81.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Philip Mccabe sold 15,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total value of $1,377,300.00. Following the transaction, the insider directly owned 54,884 shares in the company, valued at $5,039,448.88. This represents a 21.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 120,447 shares of company stock valued at $10,235,499. Company insiders own 4.80% of the company’s stock.
SEI Investments Company Profile
SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.
The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.
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