SEI Investments Company $SEIC Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 52.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,054 shares of the asset manager’s stock after selling 239,860 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in SEI Investments were worth $18,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SEIC. Elevation Wealth Partners LLC increased its stake in SEI Investments by 96.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after buying an additional 152 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 339 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 141 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after acquiring an additional 200 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of SEI Investments during the first quarter worth about $43,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SEIC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Zacks Research downgraded SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Morgan Stanley raised their price target on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Piper Sandler lifted their price target on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.60.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $110.39 on Friday. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 19.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. The business’s 50 day simple moving average is $102.23 and its 200-day simple moving average is $90.70. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $112.15.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The company had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. During the same period in the previous year, the business earned $1.78 earnings per share. SEI Investments’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts forecast that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

Insider Activity at SEI Investments

In related news, Director Kathryn McCarthy sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $103.53, for a total value of $1,035,300.00. Following the sale, the director owned 77,883 shares of the company’s stock, valued at approximately $8,063,226.99. This represents a 11.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip McCabe sold 24,957 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $105.04, for a total value of $2,621,483.28. Following the sale, the insider owned 54,884 shares in the company, valued at approximately $5,765,015.36. This trade represents a 31.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 142,332 shares of company stock valued at $13,745,813 in the last quarter. 4.80% of the stock is owned by corporate insiders.

SEI Investments 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.