Hahn Capital Management LLC Has $10.17 Million Holdings in SEI Investments Company $SEIC

Hahn Capital Management LLC reduced its position in shares of SEI Investments Company (NASDAQ:SEIC) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,207 shares of the asset manager’s stock after selling 1,756 shares during the quarter. SEI Investments accounts for about 4.8% of Hahn Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Hahn Capital Management LLC owned 0.09% of SEI Investments worth $10,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of SEI Investments by 60.2% in 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. Versant Capital Management Inc grew its stake in shares of SEI Investments by 156.1% in the first quarter. Versant Capital Management Inc now owns 543 shares of the asset manager’s stock worth $42,000 after acquiring an additional 331 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of SEI Investments in the second quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of SEI Investments by 252.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock worth $46,000 after acquiring an additional 363 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of SEI Investments by 38.9% in the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager’s stock worth $62,000 after acquiring an additional 225 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Insider Activity

In other SEI Investments news, CEO Ryan Hicke sold 35,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the transaction, the chief executive officer owned 171,260 shares of the company’s stock, valued at $15,122,258. The trade was a 16.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $85.66, for a total transaction of $856,600.00. Following the transaction, the director directly owned 75,641 shares in the company, valued at $6,479,408.06. This represents a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock worth $5,254,950 over the last ninety days. Company insiders own 14.60% of the company’s stock.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $84.86 on Friday. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96. The company has a market capitalization of $10.49 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.27 and a beta of 0.97. The firm’s 50 day simple moving average is $87.59 and its two-hundred day simple moving average is $84.01.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.60. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The business had revenue of $559.60 million for the quarter, compared to the consensus estimate of $550.72 million. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SEIC has been the subject of a number of research analyst reports. Raymond James Financial lifted their price target on shares of SEI Investments from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Piper Sandler reduced their price target on shares of SEI Investments from $96.00 to $93.00 and set a “neutral” rating for the company in a research note on Thursday, July 24th. Morgan Stanley lifted their price target on shares of SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $98.00 target price (down from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $105.00.

About SEI Investments

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.