State of Wyoming Has $734,000 Stock Position in SEI Investments Company $SEIC

Key Points

• The State of Wyoming increased its position in SEI Investments Company by 168.2% in the first quarter, now holding approximately $734,000 worth of shares.
• SEI Investments reported earnings of $1.78 per share in its last quarterly results, significantly exceeding analysts' expectations of $1.18.
• Analysts have a consensus rating of "Moderate Buy" for SEI Investments, with an average price target of $102.00.

State of Wyoming grew its holdings in SEI Investments Company (NASDAQ:SEIC - Free Report) by 168.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,461 shares of the asset manager's stock after acquiring an additional 5,934 shares during the quarter. State of Wyoming's holdings in SEI Investments were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. CreativeOne Wealth LLC boosted its position in shares of SEI Investments by 41.7% in the first quarter. CreativeOne Wealth LLC now owns 4,150 shares of the asset manager's stock valued at $322,000 after acquiring an additional 1,222 shares during the period. FORA Capital LLC acquired a new stake in SEI Investments during the first quarter worth $990,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in SEI Investments by 38.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 737,247 shares of the asset manager's stock worth $57,232,000 after buying an additional 204,911 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in SEI Investments by 60.0% during the first quarter. Campbell & CO Investment Adviser LLC now owns 19,421 shares of the asset manager's stock worth $1,508,000 after buying an additional 7,285 shares in the last quarter. Finally, Cadence Bank boosted its stake in SEI Investments by 1.2% during the first quarter. Cadence Bank now owns 10,551 shares of the asset manager's stock worth $819,000 after buying an additional 121 shares in the last quarter. 70.59% of the stock is owned by institutional investors.

SEI Investments Trading Down 0.2%

Shares of SEI Investments stock traded down $0.21 during trading on Tuesday, reaching $88.07. The company's stock had a trading volume of 470,568 shares, compared to its average volume of 834,704. The stock has a 50-day moving average price of $89.76 and a two-hundred day moving average price of $82.71. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The stock has a market capitalization of $10.89 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.37 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly 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 business had revenue of $559.60 million during the quarter, compared to analysts' expectations of $550.72 million. During the same period in the previous year, the business posted $1.05 earnings per share. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that SEI Investments Company will post 4.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SEIC shares. Wall Street Zen upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $98.00 price target (down previously from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Raymond James Financial lifted their price target on shares of SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Piper Sandler cut their price objective on SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. Finally, Morgan Stanley reissued an "overweight" rating and set a $100.00 price objective (up from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $102.00.

Insider Transactions at SEI Investments

In related 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 value of $443,750.00. Following the completion of the transaction, the insider directly owned 1,300 shares of the company's stock, valued at $115,375. The trade was a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Hicke sold 35,000 shares of SEI Investments stock in a transaction dated Tuesday, August 19th. The shares were 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 directly owned 171,260 shares of the company's stock, valued at $15,122,258. This represents a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.