Jacobs Levy Equity Management Inc. Acquires Shares of 208,353 SEI Investments Company $SEIC

Key Points

• Jacobs Levy Equity Management Inc. acquired a new stake in SEI Investments by purchasing 208,353 shares worth approximately $16.17 million, representing about 0.17% of the company's stock.
• In Q1, several institutional investors increased their stakes in SEI Investments significantly, with Cullen Frost Bankers showing a remarkable 1,563.4% increase in shares owned.
• SEI Investments reported strong earnings for the last quarter, with an EPS of $1.78, exceeding estimates and demonstrating a 7.8% revenue increase year-over-year.

Jacobs Levy Equity Management Inc. bought a new stake in SEI Investments Company (NASDAQ:SEIC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 208,353 shares of the asset manager's stock, valued at approximately $16,174,000. Jacobs Levy Equity Management Inc. owned about 0.17% of SEI Investments as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in SEI Investments by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,732,511 shares of the asset manager's stock valued at $134,487,000 after buying an additional 111,065 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in SEI Investments by 1.5% during the first quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager's stock worth $102,897,000 after purchasing an additional 19,150 shares during the last quarter. Amundi boosted its stake in SEI Investments by 228.2% in the first quarter. Amundi now owns 782,035 shares of the asset manager's stock valued at $57,472,000 after acquiring an additional 543,753 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of SEI Investments by 38.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 756,037 shares of the asset manager's stock valued at $62,358,000 after buying an additional 209,850 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in SEI Investments by 38.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 737,247 shares of the asset manager's stock worth $57,232,000 after acquiring an additional 204,911 shares during the period. 70.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SEIC shares. Zacks Research lowered shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $98.00 price objective (down previously from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Wall Street Zen upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Raymond James Financial boosted their price target 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. Finally, Oppenheimer upped their target price on shares of SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $102.00.

Insider Activity

In other SEI Investments news, CEO Ryan Hicke sold 35,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 171,260 shares of the company's stock, valued at $15,122,258. This trade represents a 16.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total value of $443,750.00. Following the sale, the insider directly owned 1,300 shares in the company, valued at $115,375. The trade was a 79.37% decrease in their position. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by corporate insiders.

SEI Investments Stock Down 1.1%

Shares of NASDAQ SEIC traded down $0.93 during midday trading on Friday, hitting $86.84. The stock had a trading volume of 94,477 shares, compared to its average volume of 825,608. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.32 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. The company has a fifty day moving average price of $89.42 and a 200 day moving average price of $83.02.

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, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $550.72 million. During the same period last year, the business posted $1.05 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts forecast that SEI Investments Company will post 4.86 EPS for the current 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.