Public Employees Retirement System of Ohio Invests $4.20 Million in SEI Investments Company $SEIC

Public Employees Retirement System of Ohio acquired a new stake in SEI Investments Company (NASDAQ:SEIC) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 47,868 shares of the asset manager’s stock, valued at approximately $4,199,000.

Other institutional investors have also added to or reduced their stakes in the company. Oxbow Advisors LLC purchased a new position in SEI Investments during the 1st quarter valued at about $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of SEI Investments in the fourth quarter valued at approximately $3,217,000. Lazard Asset Management LLC boosted its position in shares of SEI Investments by 85.2% in the first quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager’s stock valued at $2,985,000 after acquiring an additional 17,504 shares during the period. King Luther Capital Management Corp grew its stake in SEI Investments by 10.2% during the fourth quarter. King Luther Capital Management Corp now owns 137,439 shares of the asset manager’s stock valued at $11,273,000 after acquiring an additional 12,713 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in SEI Investments during the 1st quarter worth approximately $3,625,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Stock Up 2.1%

Shares of NASDAQ:SEIC opened at $111.46 on Friday. The firm has a market capitalization of $13.38 billion, a PE ratio of 19.66 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $112.15. The firm has a fifty day moving average of $101.76 and a 200 day moving average of $90.56.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating 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 business had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. During the same quarter last year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, research analysts anticipate that SEI Investments Company will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SEIC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Zacks Research downgraded SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Piper Sandler boosted their target price on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, 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. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.60.

Insider Buying and Selling

In other SEI Investments news, Director Carl Guarino sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $103.19, for a total value of $1,031,900.00. Following the completion of the sale, the director owned 18,308 shares of the company’s stock, valued at $1,889,202.52. This represents a 35.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sanjay Sharma sold 20,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the transaction, the insider owned 39,829 shares in the company, valued at $3,956,214.57. The trade was a 33.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 142,332 shares of company stock worth $13,745,813 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.

SEI Investments Company 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.