SEI Investments (NASDAQ:SEIC) Shares Purchased by Versor Investments LP

Versor Investments LP boosted its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 421.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,385 shares of the asset manager's stock after buying an additional 28,603 shares during the period. SEI Investments accounts for about 0.4% of Versor Investments LP's investment portfolio, making the stock its 29th biggest holding. Versor Investments LP's holdings in SEI Investments were worth $2,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in SEI Investments during the 2nd quarter valued at about $1,434,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SEI Investments by 20.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,518 shares of the asset manager's stock valued at $4,495,000 after acquiring an additional 10,670 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in SEI Investments by 21.7% in the 1st quarter. Russell Investments Group Ltd. now owns 115,367 shares of the asset manager's stock worth $8,296,000 after purchasing an additional 20,533 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in SEI Investments during the 1st quarter worth approximately $14,172,000. Finally, O Shaughnessy Asset Management LLC grew its position in SEI Investments by 400.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,919 shares of the asset manager's stock worth $1,648,000 after purchasing an additional 18,342 shares during the last quarter. Institutional investors own 70.59% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on SEIC shares. Piper Sandler lifted their price objective on shares of SEI Investments from $74.00 to $77.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Oppenheimer increased their price objective on SEI Investments from $81.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Morgan Stanley lifted their target price on SEI Investments from $70.00 to $75.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $77.50.

SEI Investments Stock Up 1.5 %

Shares of SEI Investments stock traded up $1.23 during mid-day trading on Monday, reaching $81.34. 515,881 shares of the stock traded hands, compared to its average volume of 591,457. The stock has a market capitalization of $10.49 billion, a PE ratio of 19.35, a PEG ratio of 1.53 and a beta of 0.97. The business has a 50-day moving average of $70.94 and a 200 day moving average of $68.09. SEI Investments has a fifty-two week low of $56.13 and a fifty-two week high of $81.67.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.12. The firm had revenue of $537.40 million for the quarter, compared to the consensus estimate of $534.08 million. SEI Investments had a net margin of 26.60% and a return on equity of 24.29%. The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. On average, equities research analysts expect that SEI Investments will post 4.38 EPS for the current fiscal year.

SEI Investments announced that its board has authorized a share buyback plan on Tuesday, October 22nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Insider Activity at SEI Investments

In other SEI Investments news, Director Carmen Romeo sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $79.64, for a total transaction of $398,200.00. Following the sale, the director now directly owns 1,577,652 shares in the company, valued at $125,644,205.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $67.48, for a total value of $1,850,234.12. Following the sale, the chairman now directly owns 7,649,577 shares of the company's stock, valued at approximately $516,193,455.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carmen Romeo sold 5,000 shares of SEI Investments stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $79.64, for a total transaction of $398,200.00. Following the sale, the director now directly owns 1,577,652 shares of the company's stock, valued at approximately $125,644,205.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 200,646 shares of company stock worth $14,115,934. Company insiders own 14.30% of the company's stock.

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.