UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Position in SEI Investments Company $SEIC

Key Points

• UBS Asset Management increased its stake in SEI Investments by 6.0%, owning approximately 0.64% of the company worth $62.19 million after purchasing an additional 45,019 shares.
• Several large investors, including Dimensional Fund Advisors and Millennium Management, have also boosted their stakes significantly during the first quarter.
• SEI Investments reported a quarterly EPS of $1.78, exceeding analyst estimates, with revenue of $559.60 million—a 7.8% increase year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in SEI Investments Company (NASDAQ:SEIC - Free Report) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 801,056 shares of the asset manager's stock after purchasing an additional 45,019 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.64% of SEI Investments worth $62,186,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of SEI Investments by 6.8% during 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 purchasing an additional 111,065 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of 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 valued at $102,897,000 after purchasing an additional 19,150 shares in the last quarter. Millennium Management LLC boosted its position in shares of SEI Investments by 339.3% during the first quarter. Millennium Management LLC now owns 783,619 shares of the asset manager's stock valued at $60,832,000 after purchasing an additional 605,252 shares in the last quarter. Amundi boosted its position in shares of SEI Investments by 228.2% during the first quarter. Amundi now owns 782,035 shares of the asset manager's stock valued at $57,472,000 after purchasing an additional 543,753 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of 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 valued at $57,232,000 after purchasing an additional 204,911 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SEIC shares. Piper Sandler dropped their price target on SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. Wall Street Zen raised SEI Investments from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley reissued an "overweight" rating and issued a $100.00 target price (up from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Oppenheimer boosted their target price on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Finally, Zacks Research downgraded SEI Investments from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Three investment 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, the stock currently has an average rating of "Hold" and a consensus price target of $102.00.

SEI Investments Trading Up 0.7%

SEIC stock traded up $0.61 during trading on Tuesday, reaching $87.21. The stock had a trading volume of 766,393 shares, compared to its average volume of 573,499. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96. The stock's 50 day moving average is $89.06 and its two-hundred day moving average is $83.19. The firm has a market cap of $10.78 billion, a PE ratio of 16.36, a PEG ratio of 1.31 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 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 the consensus estimate of $550.72 million. During the same quarter last year, the company earned $1.05 earnings per share. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that SEI Investments Company will post 4.86 EPS for the current year.

Insider Activity

In related news, insider Mark Andrew Warner sold 5,000 shares of the 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 sale, the insider owned 1,300 shares in the company, valued at approximately $115,375. This trade represents a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of the stock in a transaction dated 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 represents a 16.97% decrease in their position. The disclosure for this sale can be found here. 14.30% of the stock is owned by company insiders.

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.