SEI Investments Company $SEIC Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in SEI Investments Company (NASDAQ:SEIC) by 39.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,830 shares of the asset manager’s stock after buying an additional 1,645 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in SEI Investments were worth $524,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of SEI Investments by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,732,511 shares of the asset manager’s stock valued at $134,487,000 after acquiring an additional 111,065 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of SEI Investments by 1.5% during the 1st quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager’s stock worth $102,897,000 after purchasing an additional 19,150 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of SEI Investments by 6.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 801,056 shares of the asset manager’s stock worth $62,186,000 after purchasing an additional 45,019 shares during the period. Millennium Management LLC increased its holdings in SEI Investments by 339.3% in the 1st quarter. Millennium Management LLC now owns 783,619 shares of the asset manager’s stock valued at $60,832,000 after purchasing an additional 605,252 shares during the last quarter. Finally, Amundi increased its holdings in SEI Investments by 228.2% in the 1st quarter. Amundi now owns 782,035 shares of the asset manager’s stock valued at $57,472,000 after purchasing an additional 543,753 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other news, Director Carl Guarino sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $86.41, for a total value of $864,100.00. Following the transaction, the director owned 16,042 shares of the company’s stock, valued at approximately $1,386,189.22. The trade was a 38.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the completion of the transaction, the chief executive officer directly 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 have sold 60,000 shares of company stock worth $5,254,950 in the last quarter. 14.60% of the stock is currently owned by company insiders.

SEI Investments Stock Performance

SEI Investments stock opened at $85.62 on Monday. The stock has a 50-day simple moving average of $87.50 and a 200-day simple moving average of $84.19. The company has a market capitalization of $10.58 billion, a P/E ratio of 16.06, a PEG ratio of 1.30 and a beta of 0.96. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.18 by $0.60. The company had revenue of $559.60 million for the quarter, compared to analyst estimates of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. As a group, analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current year.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Saturday, September 27th. Piper Sandler decreased their target price on SEI Investments from $96.00 to $93.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $98.00 target price (down from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Morgan Stanley boosted their price target on shares of SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Raymond James Financial raised their price objective on shares of SEI Investments from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.00.

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.