Hahn Capital Management LLC Sells 11,947 Shares of SEI Investments Company $SEIC

Key Points

• Hahn Capital Management LLC has reduced its holdings in SEI Investments Company by 9.4%, selling 11,947 shares, and now owns 114,963 shares valued at approximately $8.9 million.
• SEI Investments reported a quarterly earnings per share (EPS) of $1.78, surpassing analysts' expectations of $1.18, while revenue increased by 7.8% year-over-year to $559.6 million.
• Insider trading indicates a 79.37% decrease in shares held by insider Mark Andrew Warner, as well as a 16.97% decrease by CEO Ryan Hicke, reflecting a trend among company executives.

Hahn Capital Management LLC reduced its stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,963 shares of the asset manager's stock after selling 11,947 shares during the period. SEI Investments accounts for about 4.3% of Hahn Capital Management LLC's portfolio, making the stock its 8th largest holding. Hahn Capital Management LLC owned approximately 0.09% of SEI Investments worth $8,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in SEIC. Bison Wealth LLC acquired a new position in shares of SEI Investments during the 4th quarter valued at about $207,000. Cetera Investment Advisers increased its holdings in shares of SEI Investments by 5.8% during the 4th quarter. Cetera Investment Advisers now owns 5,218 shares of the asset manager's stock worth $430,000 after buying an additional 285 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of SEI Investments during the 4th quarter valued at approximately $281,000. Lazard Asset Management LLC lifted its holdings in SEI Investments by 42.0% in the fourth quarter. Lazard Asset Management LLC now owns 15,318 shares of the asset manager's stock valued at $1,262,000 after acquiring an additional 4,532 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in SEI Investments by 12.0% in the fourth quarter. Nuveen Asset Management LLC now owns 283,719 shares of the asset manager's stock worth $23,401,000 after acquiring an additional 30,496 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments Stock Performance

NASDAQ SEIC traded down $0.39 during trading on Wednesday, reaching $86.83. 203,002 shares of the company's stock were exchanged, compared to its average volume of 822,471. The company has a 50 day moving average price of $89.06 and a two-hundred day moving average price of $83.19. The stock has a market cap of $10.73 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.98. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results 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 return on equity of 29.96% and a net margin of 31.25%.The firm had revenue of $559.60 million during the quarter, compared to analysts' expectations of $550.72 million. During the same period in the prior year, the firm earned $1.05 EPS. The business's revenue was up 7.8% on a year-over-year basis. Research analysts forecast that SEI Investments Company will post 4.86 EPS for the current fiscal year.

Analysts Set New Price Targets

SEIC has been the subject of several analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $100.00 price objective (up from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. Oppenheimer increased their price objective on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Zacks Research cut SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Finally, Raymond James Financial boosted their price objective on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $102.00.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 35,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total value of $3,090,500.00. Following the completion of the transaction, the chief executive officer owned 171,260 shares in the company, valued at approximately $15,122,258. This represents a 16.97% 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, insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the sale, the insider directly owned 1,300 shares in the company, valued at $115,375. This trade represents a 79.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.30% of the company's stock.

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.