Vanguard Personalized Indexing Management LLC Buys 6,041 Shares of SEI Investments Company $SEIC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in SEI Investments Company by 22.7%, owning a total of 32,704 shares valued at approximately $2.94 million as per its latest 13F filing.
• Several hedge funds have reported changes in their holdings in SEI Investments, with Sumitomo Mitsui DS Asset Management boosting its stake by 59.9%.
• Wall Street analysts have shown a positive outlook for SEI Investments with a consensus rating of "Moderate Buy" and a price target range between $93.00 and $120.00.

Vanguard Personalized Indexing Management LLC boosted its stake in SEI Investments Company (NASDAQ:SEIC - Free Report) by 22.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,704 shares of the asset manager's stock after purchasing an additional 6,041 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in SEI Investments were worth $2,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of SEI Investments by 59.9% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,553 shares of the asset manager's stock worth $974,000 after purchasing an additional 4,701 shares during the last quarter. LPL Financial LLC lifted its position in SEI Investments by 6.0% in the 1st quarter. LPL Financial LLC now owns 93,455 shares of the asset manager's stock valued at $7,255,000 after acquiring an additional 5,291 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of SEI Investments during the 1st quarter valued at about $206,000. FORA Capital LLC purchased a new position in shares of SEI Investments in the 1st quarter worth $990,000. Finally, Deutsche Bank AG lifted its stake in shares of SEI Investments by 41.9% in the 1st quarter. Deutsche Bank AG now owns 216,212 shares of the asset manager's stock worth $16,785,000 after purchasing an additional 63,810 shares during the period. Institutional investors own 70.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Raymond James Financial boosted their price target on shares of SEI Investments from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday. Zacks Research upgraded shares of SEI Investments from a "hold" rating to a "strong-buy" rating in a research note on Monday. Keefe, Bruyette & Woods cut their price target on shares of SEI Investments from $98.00 to $93.00 and set a "market perform" rating on the stock in a report on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of SEI Investments in a research note on Wednesday, October 8th. Finally, Piper Sandler dropped their target price on SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.40.

SEI Investments Stock Down 1.0%

NASDAQ SEIC opened at $82.57 on Thursday. The firm has a 50 day moving average of $86.78 and a two-hundred day moving average of $84.43. The stock has a market capitalization of $10.21 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, beating the consensus estimate of $1.18 by $0.60. The firm 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%. SEI Investments's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. On average, equities research analysts expect that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

Insider Transactions at SEI Investments

In other SEI Investments news, Director Carl Guarino sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $86.41, for a total transaction of $864,100.00. Following the completion of the sale, the director directly owned 16,042 shares in the company, valued at $1,386,189.22. This represents a 38.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of SEI Investments 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 in the company, 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 sold 60,000 shares of company stock worth $5,254,950 over the last quarter. Insiders own 14.60% 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.

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