XTX Topco Ltd Purchases New Holdings in SEI Investments (NASDAQ:SEIC)

XTX Topco Ltd purchased a new stake in SEI Investments (NASDAQ:SEIC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,671 shares of the asset manager’s stock, valued at approximately $1,014,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in SEI Investments during the fourth quarter valued at approximately $32,161,000. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 222,631 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in SEI Investments during the first quarter valued at approximately $14,172,000. Jupiter Asset Management Ltd. acquired a new position in SEI Investments during the second quarter valued at approximately $7,787,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in SEI Investments during the fourth quarter valued at approximately $6,990,000. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $68.10 on Friday. The company has a fifty day moving average of $66.74 and a 200-day moving average of $67.26. The company has a market capitalization of $8.95 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.01. The company had revenue of $518.99 million during 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 for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. On average, equities analysts forecast that SEI Investments will post 4.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on SEIC shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $73.00 price objective (down from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Piper Sandler lowered 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $71.25.

Insider Buying and Selling

In related news, Director William Doran sold 5,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $67.04, for a total value of $335,200.00. Following the sale, the director now owns 656,386 shares of the company’s stock, valued at $44,004,117.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Chairman Alfred P. West, Jr. sold 27,419 shares of the business’s stock in a transaction 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 sale, the chairman now owns 7,649,577 shares of the company’s stock, valued at $516,193,455.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Doran sold 5,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $67.04, for a total transaction of $335,200.00. Following the sale, the director now directly owns 656,386 shares in the company, valued at approximately $44,004,117.44. The disclosure for this sale can be found here. Insiders have sold a total of 137,582 shares of company stock valued at $9,277,605 over the last 90 days. 14.30% of the stock is owned by insiders.

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.