Applied Finance Capital Management LLC Makes New $291,000 Investment in SEI Investments Company $SEIC

Applied Finance Capital Management LLC bought a new position in shares of SEI Investments Company (NASDAQ:SEIC) during the second quarter, HoldingsChannel.com reports. The firm bought 3,238 shares of the asset manager’s stock, valued at approximately $291,000.

A number of other hedge funds also recently added to or reduced their stakes in SEIC. Bison Wealth LLC acquired a new stake in SEI Investments during the 4th quarter worth approximately $207,000. Farther Finance Advisors LLC raised its holdings in shares of SEI Investments by 104.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager’s stock valued at $103,000 after purchasing an additional 681 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of SEI Investments by 24.5% in the 1st quarter. GAMMA Investing LLC now owns 6,061 shares of the asset manager’s stock valued at $471,000 after purchasing an additional 1,192 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SEI Investments by 41.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,301 shares of the asset manager’s stock valued at $1,654,000 after purchasing an additional 6,261 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of SEI Investments in the 1st quarter valued at $206,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Price Performance

NASDAQ SEIC opened at $80.79 on Friday. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96. The company has a market capitalization of $9.99 billion, a PE ratio of 15.16, a P/E/G ratio of 1.22 and a beta of 0.96. The company has a fifty day moving average of $86.52 and a two-hundred day moving average of $84.52.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.60. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The company had revenue of $559.60 million during the quarter, compared to the consensus estimate of $550.72 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. SEI Investments’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts expect that SEI Investments Company will post 4.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SEIC has been the topic of a number of analyst reports. Zacks Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Morgan Stanley raised their price objective on shares of SEI Investments from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Oppenheimer raised their price objective on shares of SEI Investments from $96.00 to $101.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods reduced their price objective on shares of SEI Investments from $98.00 to $93.00 and set a “market perform” rating on the stock in a report on Monday, October 13th. Finally, Raymond James Financial raised their price objective on shares of SEI Investments from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, SEI Investments has an average rating of “Moderate Buy” and a consensus target price of $104.40.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction on Monday, September 29th. The shares were sold at an average price of $85.66, for a total value of $856,600.00. Following the transaction, the director directly owned 75,641 shares in the company, valued at approximately $6,479,408.06. The trade was a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of SEI Investments 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 owned 171,260 shares in the company, valued at approximately $15,122,258. This represents a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,000 shares of company stock valued at $5,254,950. Company insiders own 14.60% of the company’s stock.

SEI Investments Company Profile

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.