SEI Investments Company $SEIC Shares Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. raised its position in shares of SEI Investments Company (NASDAQ:SEIC) by 312.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,043 shares of the asset manager’s stock after acquiring an additional 37,143 shares during the period. Polar Asset Management Partners Inc.’s holdings in SEI Investments were worth $4,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bison Wealth LLC purchased a new stake in shares of SEI Investments in the fourth quarter worth about $207,000. Baird Financial Group Inc. acquired a new stake in SEI Investments during the 1st quarter valued at $201,000. Geneos Wealth Management Inc. grew its holdings in SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in SEI Investments by 5.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,308 shares of the asset manager’s stock worth $2,184,000 after buying an additional 1,265 shares during the period. Finally, SG Americas Securities LLC grew its stake in SEI Investments by 118.4% during the 2nd quarter. SG Americas Securities LLC now owns 11,986 shares of the asset manager’s stock valued at $1,077,000 after purchasing an additional 6,498 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Up 0.4%

NASDAQ SEIC opened at $77.87 on Friday. SEI Investments Company has a 12 month low of $64.66 and a 12 month high of $93.96. The company has a market capitalization of $9.52 billion, a P/E ratio of 13.83 and a beta of 0.96. The company’s 50 day simple moving average is $82.70 and its 200 day simple moving average is $83.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 3.20.

SEI Investments (NASDAQ:SEIC) last issued 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). The business had revenue of $607.93 million for the quarter, compared to the consensus estimate of $596.97 million. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. Equities research analysts expect that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $117.00 target price on shares of SEI Investments in a research report on Monday, January 5th. Morgan Stanley increased their price target on shares of SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Piper Sandler reiterated an “overweight” rating and set a $106.00 price objective on shares of SEI Investments in a research note on Friday, February 20th. Finally, Keefe, Bruyette & Woods upped their target price on shares of SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.67.

SEI Investments 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.