55,078 Shares of SEI Investments Company $SEIC Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 55,078 shares of the asset manager’s stock, valued at approximately $5,654,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Profund Advisors LLC acquired a new position in SEI Investments during the 3rd quarter worth approximately $219,000. Vise Technologies Inc. raised its holdings in shares of SEI Investments by 41.2% in the third quarter. Vise Technologies Inc. now owns 8,221 shares of the asset manager’s stock valued at $844,000 after purchasing an additional 2,397 shares during the last quarter. State of Wyoming raised its holdings in shares of SEI Investments by 83.7% in the third quarter. State of Wyoming now owns 6,344 shares of the asset manager’s stock valued at $651,000 after purchasing an additional 2,890 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of SEI Investments by 101.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,700 shares of the asset manager’s stock valued at $1,406,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new stake in shares of SEI Investments in the third quarter worth $729,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Hicke sold 37,500 shares of SEI Investments stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total value of $4,151,625.00. Following the completion of the transaction, the chief executive officer owned 192,815 shares of the company’s stock, valued at $21,346,548.65. This trade represents a 16.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Lane sold 2,400 shares of SEI Investments stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $102.78, for a total transaction of $246,672.00. Following the completion of the transaction, the executive vice president directly owned 39,581 shares of the company’s stock, valued at approximately $4,068,135.18. This trade represents a 5.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 73,777 shares of company stock valued at $7,899,863. 4.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SEIC has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of SEI Investments from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Wells Fargo & Company assumed coverage on shares of SEI Investments in a research note on Friday, October 2nd. They issued an “overweight” rating and a $129.00 price target on the stock. UBS Group reiterated a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a research note on Thursday, July 23rd. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Finally, Weiss Ratings upgraded shares of SEI Investments from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $125.50.

SEI Investments Trading Down 3.2%

Shares of SEI Investments stock opened at $105.18 on Friday. The stock has a market cap of $12.47 billion, a P/E ratio of 18.29 and a beta of 0.97. The company has a quick ratio of 4.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $112.15. The business’s 50 day moving average is $105.66 and its 200-day moving average is $93.28.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, October 21st. The asset manager reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.06. SEI Investments had a net margin of 28.06% and a return on equity of 30.14%. The business had revenue of $662.04 million during the quarter, compared to analysts’ expectations of $656.25 million. During the same period last year, the business earned $1.30 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Equities research analysts predict that SEI Investments Company will post 6.31 earnings per share for the current fiscal year.

SEI Investments Profile

SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI’s offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.