Quarry LP Makes New $136,000 Investment in SEI Investments (NASDAQ:SEIC)

Quarry LP acquired a new stake in SEI Investments (NASDAQ:SEIC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,105 shares of the asset manager’s stock, valued at approximately $136,000.

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

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 61,000 shares of the firm’s stock in a transaction dated 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 owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 61,000 shares of the 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of the business’s 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 transaction, the chairman now owns 7,605,414 shares of the company’s stock, valued at $513,745,715.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,582 shares of company stock worth $8,942,405. 14.30% of the stock is owned by company insiders.

SEI Investments Stock Down 0.1 %

SEIC opened at $69.19 on Tuesday. The firm has a 50-day moving average price of $66.90 and a 200-day moving average price of $67.24. SEI Investments has a twelve month low of $52.19 and a twelve month high of $72.54. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.37 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SEIC shares. Piper Sandler dropped their target price on shares of SEI Investments from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $73.00 price objective (down from $74.00) on shares of SEI Investments in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.25.

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.