Park Avenue Securities LLC Grows Position in SEI Investments Company $SEIC

Park Avenue Securities LLC boosted its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 376.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,506 shares of the asset manager’s stock after acquiring an additional 9,880 shares during the period. Park Avenue Securities LLC’s holdings in SEI Investments were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SEIC. Ashton Thomas Private Wealth LLC boosted its stake in shares of SEI Investments by 349.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock valued at $5,422,000 after purchasing an additional 49,676 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in SEI Investments by 3,554.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock valued at $2,295,000 after buying an additional 26,302 shares during the period. Vanguard Group Inc. raised its stake in SEI Investments by 0.3% in the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock worth $955,461,000 after buying an additional 30,970 shares in the last quarter. Allianz Asset Management GmbH raised its stake in SEI Investments by 21.1% in the third quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock worth $14,786,000 after buying an additional 30,411 shares in the last quarter. Finally, M&G PLC purchased a new stake in SEI Investments during the third quarter worth $10,413,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SEIC. Piper Sandler reaffirmed an “overweight” rating and set a $106.00 target price on shares of SEI Investments in a research report on Friday, February 20th. Keefe, Bruyette & Woods boosted their price target on SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Morgan Stanley upped their price objective on SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $117.00 price objective on shares of SEI Investments in a research report on Monday, January 5th. Finally, UBS Group initiated coverage on SEI Investments in a research note on Wednesday, February 4th. They issued a “buy” rating and a $115.00 target price on the stock. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.67.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 80,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the completion of the sale, the chief executive officer directly owned 197,164 shares in the company, valued at approximately $17,224,247.04. This trade represents a 28.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Andrew Warner sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the sale, the insider directly owned 921 shares of the company’s stock, valued at approximately $75,282.54. This represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 146,447 shares of company stock worth $12,318,659. 14.60% of the stock is owned by insiders.

SEI Investments Stock Performance

Shares of SEIC stock opened at $77.20 on Thursday. The business’s fifty day simple moving average is $82.08 and its 200-day simple moving average is $82.93. The company has a market cap of $9.44 billion, a PE ratio of 13.71 and a beta of 0.96. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The business had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. During the same period in the previous year, the business earned $1.19 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts expect 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 global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.