SEI Investments Company $SEIC Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in SEI Investments Company (NASDAQ:SEIC) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,015 shares of the asset manager’s stock after selling 41,360 shares during the quarter. ProShare Advisors LLC owned 0.23% of SEI Investments worth $28,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vise Technologies Inc. lifted its holdings in shares of SEI Investments by 41.2% in the 3rd quarter. Vise Technologies Inc. now owns 8,221 shares of the asset manager’s stock worth $844,000 after acquiring an additional 2,397 shares during the last quarter. State of Wyoming grew its holdings in shares of SEI Investments by 83.7% during the 3rd quarter. State of Wyoming now owns 6,344 shares of the asset manager’s stock valued at $651,000 after purchasing an additional 2,890 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of SEI Investments by 101.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,700 shares of the asset manager’s stock valued at $1,406,000 after purchasing an additional 6,900 shares during the last quarter. Founders Financial Securities LLC bought a new position in shares of SEI Investments during the 3rd quarter valued at $729,000. Finally, Choreo LLC raised its position in SEI Investments by 12.9% in the 3rd quarter. Choreo LLC now owns 3,078 shares of the asset manager’s stock worth $316,000 after purchasing an additional 352 shares during the period. Institutional investors own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on SEIC shares. Wells Fargo & Company assumed coverage on shares of SEI Investments in a research note on Friday, October 2nd. They issued an “overweight” rating and a $129.00 price target for the company. William Blair raised SEI Investments from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. Zacks Research cut SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Wall Street Zen downgraded SEI Investments from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley boosted their target price on SEI Investments from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, SEI Investments currently has an average rating of “Buy” and a consensus target price of $125.50.

Insider Activity

In other news, insider Philip McCabe sold 24,957 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $105.04, for a total transaction of $2,621,483.28. Following the completion of the transaction, the insider directly owned 54,884 shares of the company’s stock, valued at approximately $5,765,015.36. This represents a 31.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Hicke sold 37,500 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $110.71, for a total transaction of $4,151,625.00. Following the sale, the chief executive officer owned 192,815 shares of the company’s stock, valued at approximately $21,346,548.65. This represents a 16.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,777 shares of company stock worth $11,053,383 over the last ninety days. 4.80% of the stock is owned by insiders.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $103.42 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.23 and a current ratio of 4.31. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $112.15. The company’s 50 day moving average price is $105.99 and its 200-day moving average price is $92.87. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 17.99 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, October 21st. The asset manager reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. The company had revenue of $662.04 million during the quarter, compared to analyst estimates of $656.25 million. SEI Investments had a net margin of 28.06% and a return on equity of 30.14%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS. Equities research analysts forecast that SEI Investments Company will post 6.31 EPS for the current year.

SEI Investments Profile

SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI’s offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.