Man Group plc Makes New $7.67 Million Investment in SEI Investments Company $SEIC

Man Group plc bought a new stake in shares of SEI Investments Company (NASDAQ:SEIC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 87,503 shares of the asset manager’s stock, valued at approximately $7,675,000.

Other hedge funds have also recently modified their holdings of the company. Oxbow Advisors LLC acquired a new stake in shares of SEI Investments during the 1st quarter valued at about $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of SEI Investments in the 4th quarter worth approximately $3,217,000. Lazard Asset Management LLC boosted its holdings in shares of SEI Investments by 85.2% in the 1st quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager’s stock worth $2,985,000 after acquiring an additional 17,504 shares in the last quarter. King Luther Capital Management Corp grew its position in SEI Investments by 10.2% during the 4th quarter. King Luther Capital Management Corp now owns 137,439 shares of the asset manager’s stock worth $11,273,000 after acquiring an additional 12,713 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in SEI Investments during the 1st quarter valued at $3,625,000. Institutional investors own 70.59% of the company’s stock.

Insider Transactions at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $87.25, for a total value of $4,362,500.00. Following the transaction, the chairman directly owned 6,825,783 shares of the company’s stock, valued at approximately $595,549,566.75. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Andrew Warner sold 15,000 shares of SEI Investments stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the sale, the insider directly owned 921 shares of the company’s stock, valued at $94,264.35. This represents a 94.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 142,332 shares of company stock valued at $13,745,813. 4.80% of the stock is currently owned by company insiders.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $111.63 on Friday. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $112.15. The stock has a market capitalization of $13.40 billion, a P/E ratio of 19.69 and a beta of 0.96. The business has a 50-day moving average price of $100.09 and a two-hundred day moving average price of $89.67.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The company had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. During the same quarter last year, the firm earned $1.78 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts predict that SEI Investments Company will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SEIC. Morgan Stanley lifted their price objective on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Raymond James Financial lifted their price target on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Finally, Piper Sandler increased their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, SEI Investments currently has a consensus rating of “Moderate Buy” and an average target price of $122.60.

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.