Graham Capital Management L.P. Boosts Stock Holdings in SEI Investments Company $SEIC

Key Points

• Graham Capital Management L.P. increased its stake in SEI Investments by 26.6% during the first quarter, owning 53,119 shares valued at approximately $4.12 million.
• Several hedge funds significantly boosted their holdings in SEI Investments, with Cullen Frost Bankers Inc. increasing its position by a staggering 1,563.4%.
• Wall Street analysts have mixed ratings on SEI Investments, with three analysts giving a buy rating and others setting price targets ranging from $93.00 to $101.00.

Graham Capital Management L.P. lifted its stake in SEI Investments Company (NASDAQ:SEIC - Free Report) by 26.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,119 shares of the asset manager's stock after acquiring an additional 11,163 shares during the quarter. Graham Capital Management L.P.'s holdings in SEI Investments were worth $4,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its position in shares of SEI Investments by 156.1% in the first quarter. Versant Capital Management Inc now owns 543 shares of the asset manager's stock valued at $42,000 after acquiring an additional 331 shares during the last quarter. First Horizon Advisors Inc. increased its position in SEI Investments by 38.9% during the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager's stock worth $62,000 after buying an additional 225 shares during the last quarter. Farther Finance Advisors LLC raised its stake in SEI Investments by 104.3% in the first quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock valued at $103,000 after buying an additional 681 shares during the period. Cullen Frost Bankers Inc. raised its stake in SEI Investments by 1,563.4% in the first quarter. Cullen Frost Bankers Inc. now owns 1,364 shares of the asset manager's stock valued at $106,000 after buying an additional 1,282 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in SEI Investments in the first quarter valued at approximately $132,000. Institutional investors and hedge funds own 70.59% of the company's stock.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated 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 owned 1,300 shares in the company, valued at approximately $115,375. The trade was a 79.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Hicke sold 35,000 shares of the business'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 completion of the transaction, the chief executive officer owned 171,260 shares in the company, valued at $15,122,258. The trade was a 16.97% decrease in their position. The disclosure for this sale can be found here. 14.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on SEIC shares. Raymond James Financial upped their price objective on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Morgan Stanley reissued an "overweight" rating and set a $100.00 price target (up previously from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Oppenheimer raised their target price on SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $98.00 target price (down previously from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $102.00.

SEI Investments Trading Down 0.4%

NASDAQ:SEIC traded down $0.38 during trading hours on Wednesday, hitting $87.72. 547,561 shares of the company were exchanged, compared to its average volume of 541,178. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.37 and a beta of 0.98. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The company has a fifty day simple moving average of $89.82 and a 200 day simple moving average of $82.78.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share 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 during the quarter, compared to analyst estimates of $550.72 million. During the same period last year, the company posted $1.05 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts predict 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.