Two Sigma Securities LLC Invests $1.64 Million in SEI Investments Company $SEIC

Two Sigma Securities LLC purchased a new stake in SEI Investments Company (NASDAQ:SEIC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,722 shares of the asset manager’s stock, valued at approximately $1,642,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SEIC. BlackRock Inc. purchased a new stake in SEI Investments during the 2nd quarter worth about $870,745,000. Bank of America Corp DE purchased a new position in SEI Investments during the 2nd quarter valued at about $255,067,000. Caisse de depot et placement du Quebec purchased a new position in SEI Investments during the 2nd quarter valued at about $87,924,000. Bank of New York Mellon Corp bought a new stake in shares of SEI Investments during the second quarter valued at about $78,430,000. Finally, American Capital Management Inc. bought a new stake in shares of SEI Investments during the second quarter valued at about $65,372,000. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Stock Performance

Shares of SEIC opened at $111.63 on Monday. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $112.15. The company has a market capitalization of $13.40 billion, a P/E ratio of 19.69 and a beta of 0.96. 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 firm’s 50 day simple moving average is $100.09 and its 200 day simple moving average is $89.70.

SEI Investments (NASDAQ:SEIC) last released its quarterly 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. The business had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. Sell-side analysts forecast that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Raymond James Financial raised their price objective on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. UBS Group reaffirmed a “buy” rating and set a $125.00 target price on shares of SEI Investments in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Morgan Stanley boosted their price target on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, SEI Investments presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.60.

Insider Activity at SEI Investments

In related news, insider Philip Mccabe sold 5,043 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.50, for a total value of $532,036.50. Following the transaction, the insider owned 54,884 shares of the company’s stock, valued at $5,790,262. This represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sanjay Sharma sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $99.33, for a total value of $1,986,600.00. Following the sale, the insider owned 39,829 shares in the company, valued at $3,956,214.57. The trade was a 33.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 142,332 shares of company stock worth $13,745,813 in the last three months. 4.80% of the stock is owned by insiders.

About SEI Investments

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.