Boston Trust Walden Corp Acquires 44,195 Shares of SEI Investments Company $SEIC

Key Points

• Boston Trust Walden Corp increased its holdings in SEI Investments by 3.3% in the second quarter, acquiring 44,195 additional shares, making it the firm's 21st largest position.
• SEI Investments reported $1.78 earnings per share (EPS) in its last quarterly earnings, surpassing analyst expectations of $1.18 and showcasing a year-over-year revenue increase of 7.8%.
• The stock has a consensus rating of “Moderate Buy” from analysts, with an average price target set at $104.00, influenced by varied upgrades and downgrades from different firms.

Boston Trust Walden Corp lifted its holdings in SEI Investments Company (NASDAQ:SEIC - Free Report) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,369,674 shares of the asset manager's stock after purchasing an additional 44,195 shares during the period. SEI Investments comprises approximately 0.9% of Boston Trust Walden Corp's holdings, making the stock its 21st biggest position. Boston Trust Walden Corp owned approximately 1.10% of SEI Investments worth $123,079,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SEIC. Bison Wealth LLC bought a new position in shares of SEI Investments in the 4th quarter worth approximately $207,000. Farther Finance Advisors LLC lifted its stake in shares of SEI Investments by 104.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock worth $103,000 after purchasing an additional 681 shares during the period. GAMMA Investing LLC increased its holdings in SEI Investments by 24.5% in the 1st quarter. GAMMA Investing LLC now owns 6,061 shares of the asset manager's stock worth $471,000 after acquiring an additional 1,192 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in SEI Investments by 41.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,301 shares of the asset manager's stock worth $1,654,000 after acquiring an additional 6,261 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in SEI Investments in the 1st quarter worth approximately $206,000. Institutional investors own 70.59% of the company's stock.

Analyst Upgrades and Downgrades

SEIC has been the subject of several analyst reports. Piper Sandler reduced their target price on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. Morgan Stanley increased their target price on shares of SEI Investments from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Weiss Ratings reissued a "buy (b)" rating on shares of SEI Investments in a report on Wednesday, October 8th. Oppenheimer increased their target price on shares of SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Finally, Raymond James Financial increased their target price on shares of SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, SEI Investments presently has a consensus rating of "Moderate Buy" and an average price target of $104.00.

SEI Investments Price Performance

Shares of SEIC opened at $82.52 on Tuesday. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96. The company has a 50 day simple moving average of $86.98 and a two-hundred day simple moving average of $84.45. The firm has a market cap of $10.20 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.23 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $550.72 million. During the same period last year, the firm posted $1.05 EPS. The company's revenue 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 year.

Insider Buying and Selling at SEI Investments

In related news, Director Carl Guarino sold 10,000 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $86.41, for a total transaction of $864,100.00. Following the sale, the director owned 16,042 shares of the company's stock, valued at $1,386,189.22. This represents a 38.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Hicke sold 35,000 shares of the company's stock in a transaction 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 sale, the chief executive officer directly owned 171,260 shares in the company, valued at approximately $15,122,258. The trade was a 16.97% 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 in the last ninety days. 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.

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