UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in SEI Investments (NASDAQ:SEIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 546,187 shares of the asset manager's stock after acquiring an additional 10,576 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.42% of SEI Investments worth $37,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SEIC. Price T Rowe Associates Inc. MD increased its holdings in shares of SEI Investments by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,860 shares of the asset manager's stock valued at $3,730,000 after acquiring an additional 769 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of SEI Investments by 4.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,375 shares of the asset manager's stock valued at $454,000 after acquiring an additional 256 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of SEI Investments by 78.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager's stock valued at $41,000 after acquiring an additional 275 shares during the period. GAMMA Investing LLC increased its holdings in shares of SEI Investments by 41.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,120 shares of the asset manager's stock valued at $137,000 after acquiring an additional 624 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of SEI Investments by 181.2% in the 2nd quarter. Mather Group LLC. now owns 776 shares of the asset manager's stock valued at $50,000 after acquiring an additional 500 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SEIC has been the topic of several research analyst reports. Oppenheimer boosted their target price on SEI Investments from $81.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Piper Sandler boosted their target price on SEI Investments from $74.00 to $77.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their target price on SEI Investments from $70.00 to $75.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $77.50.

SEI Investments Price Performance

SEIC traded up $1.24 on Wednesday, reaching $82.94. 375,094 shares of the stock were exchanged, compared to its average volume of 591,060. The company's 50-day moving average price is $75.66 and its 200 day moving average price is $69.73. SEI Investments has a fifty-two week low of $59.42 and a fifty-two week high of $83.15. The firm has a market capitalization of $10.69 billion, a PE ratio of 19.73, a PEG ratio of 1.55 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.12. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The company had revenue of $537.40 million during the quarter, compared to analysts' expectations of $534.08 million. During the same quarter in the previous year, the firm posted $0.87 EPS. The firm's revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts forecast that SEI Investments will post 4.41 earnings per share for the current fiscal year.

SEI Investments declared that its Board of Directors has initiated a stock buyback plan on Tuesday, October 22nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Carmen Romeo sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $79.64, for a total value of $398,200.00. Following the completion of the transaction, the director now owns 1,577,652 shares of the company's stock, valued at $125,644,205.28. The trade was a 0.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carl Guarino sold 7,564 shares of the business's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.77, for a total value of $573,124.28. Following the completion of the transaction, the director now directly owns 13,867 shares of the company's stock, valued at approximately $1,050,702.59. This trade represents a 35.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,064 shares of company stock valued at $5,173,529. 14.30% of the stock is owned by company insiders.

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.