New York State Teachers Retirement System Has $10.56 Million Position in SEI Investments Company $SEIC

New York State Teachers Retirement System lowered its position in SEI Investments Company (NASDAQ:SEIC) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,501 shares of the asset manager’s stock after selling 468 shares during the period. New York State Teachers Retirement System owned 0.09% of SEI Investments worth $10,559,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in SEI Investments by 59.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,553 shares of the asset manager’s stock worth $974,000 after purchasing an additional 4,701 shares during the period. LPL Financial LLC boosted its position in SEI Investments by 6.0% during the first quarter. LPL Financial LLC now owns 93,455 shares of the asset manager’s stock worth $7,255,000 after purchasing an additional 5,291 shares during the period. Janney Montgomery Scott LLC bought a new stake in SEI Investments during the first quarter worth approximately $206,000. FORA Capital LLC bought a new stake in SEI Investments during the first quarter worth approximately $990,000. Finally, Deutsche Bank AG boosted its position in SEI Investments by 41.9% during the first quarter. Deutsche Bank AG now owns 216,212 shares of the asset manager’s stock worth $16,785,000 after purchasing an additional 63,810 shares during the period. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total transaction of $443,750.00. Following the completion of the transaction, the insider directly owned 1,300 shares in the company, valued at $115,375. This represents a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $85.66, for a total value of $856,600.00. Following the completion of the sale, the director owned 75,641 shares of the company’s stock, valued at approximately $6,479,408.06. This trade represents a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,000 shares of company stock valued at $5,254,950. 14.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SEIC has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Piper Sandler decreased their target price on SEI Investments from $96.00 to $93.00 and set a “neutral” rating for the company in a research report on Thursday, July 24th. Raymond James Financial increased their price objective on SEI Investments from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Wednesday, October 8th. Finally, Oppenheimer increased their price objective on SEI Investments from $96.00 to $101.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.40.

SEI Investments Trading Up 0.3%

Shares of NASDAQ SEIC opened at $80.79 on Friday. The business has a fifty day simple moving average of $86.52 and a 200 day simple moving average of $84.52. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.22 and a beta of 0.96. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96.

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

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.