Tudor Investment Corp ET AL Takes Position in SEI Investments Company $SEIC

Tudor Investment Corp ET AL bought a new position in SEI Investments Company (NASDAQ:SEIC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,699 shares of the asset manager’s stock, valued at approximately $4,811,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in SEI Investments by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after buying an additional 30,970 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in SEI Investments by 1.4% during the second quarter. Loomis Sayles & Co. L P now owns 8,841,249 shares of the asset manager’s stock worth $794,475,000 after acquiring an additional 121,198 shares in the last quarter. Bank of America Corp DE raised its stake in SEI Investments by 4.4% during the second quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after acquiring an additional 133,057 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of SEI Investments by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock valued at $158,084,000 after acquiring an additional 31,953 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of SEI Investments by 4.1% during the third quarter. Invesco Ltd. now owns 1,731,523 shares of the asset manager’s stock valued at $146,920,000 after acquiring an additional 68,873 shares during the period. Institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

SEI Investments stock opened at $77.20 on Thursday. The business’s fifty day moving average is $82.08 and its two-hundred day moving average is $82.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29. The firm has a market cap of $9.44 billion, a P/E ratio of 13.71 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) last announced its earnings results 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 net margin of 31.14% and a return on equity of 30.26%. The business had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. During the same quarter last year, the business posted $1.19 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 7,447 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total value of $590,249.22. Following the completion of the sale, the chairman owned 6,875,783 shares in the company, valued at approximately $544,974,560.58. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Hicke sold 80,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the completion of the transaction, the chief executive officer directly owned 197,164 shares of the company’s stock, valued at approximately $17,224,247.04. This represents a 28.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 146,447 shares of company stock valued at $12,318,659 in the last 90 days. 14.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

About SEI Investments

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.