UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stock Holdings 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 increased its stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 801,056 shares of the asset manager's stock after buying an additional 45,019 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.64% of SEI Investments worth $62,186,000 as of its most recent SEC filing.

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

Insider Buying and Selling at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Hicke sold 35,000 shares of SEI Investments 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 completion of the sale, the chief executive officer directly owned 171,260 shares of the company's stock, valued at approximately $15,122,258. This trade represents a 16.97% decrease in their position. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $98.00 price objective (down from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Oppenheimer increased their price objective on SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Morgan Stanley lifted their price objective on SEI Investments from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday. Zacks Research downgraded SEI Investments from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Raymond James Financial increased 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 investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $105.00.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC traded up $0.47 during trading on Friday, reaching $86.72. The company had a trading volume of 2,395,446 shares, compared to its average volume of 601,901. SEI Investments Company has a twelve month low of $64.66 and a twelve month high of $93.96. The firm's fifty day moving average is $88.68 and its 200 day moving average is $83.34. The firm has a market capitalization of $10.72 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.31 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.18 by $0.60. The company had revenue of $559.60 million during the quarter, compared to the consensus estimate of $550.72 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. Equities analysts predict that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

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.