Sepio Capital LP Sells 776 Shares of SEI Investments Company $SEIC

Sepio Capital LP lessened its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,141 shares of the asset manager’s stock after selling 776 shares during the period. Sepio Capital LP’s holdings in SEI Investments were worth $2,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of SEI Investments by 59.9% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,553 shares of the asset manager’s stock valued at $974,000 after purchasing an additional 4,701 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of SEI Investments by 6.0% during the 1st quarter. LPL Financial LLC now owns 93,455 shares of the asset manager’s stock valued at $7,255,000 after purchasing an additional 5,291 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of SEI Investments during the 1st quarter valued at about $206,000. FORA Capital LLC bought a new position in shares of SEI Investments during the 1st quarter valued at about $990,000. Finally, Deutsche Bank AG boosted its holdings in shares of SEI Investments by 41.9% during the 1st quarter. Deutsche Bank AG now owns 216,212 shares of the asset manager’s stock valued at $16,785,000 after purchasing an additional 63,810 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SEIC. Morgan Stanley reissued an “overweight” rating and set a $100.00 price objective (up previously from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $98.00 target price (down from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Raymond James Financial upped their target price on shares of SEI Investments from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. Finally, Piper Sandler decreased their target price on shares of SEI Investments from $96.00 to $93.00 and set a “neutral” rating on the stock in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.00.

Insider Transactions at SEI Investments

In related news, CEO Ryan Hicke sold 35,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total value of $3,090,500.00. Following the sale, the chief executive officer directly owned 171,260 shares of the company’s stock, valued at $15,122,258. This represents a 16.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total transaction of $443,750.00. Following the completion of the sale, the insider directly owned 1,300 shares in the company, valued at $115,375. This trade represents a 79.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company’s stock.

SEI Investments Price Performance

SEI Investments stock opened at $87.17 on Friday. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96. The firm has a market capitalization of $10.78 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The company’s 50-day moving average is $89.77 and its 200 day moving average is $82.86.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.60. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The company had revenue of $559.60 million for the quarter, compared to analyst estimates of $550.72 million. During the same period in the prior year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Company Profile

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.