SEI Investments Company $SEIC Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in SEI Investments Company (NASDAQ:SEIC) by 13.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 278,015 shares of the asset manager’s stock after selling 41,360 shares during the period. ProShare Advisors LLC’s holdings in SEI Investments were worth $28,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vise Technologies Inc. raised its position in shares of SEI Investments by 41.2% in the 3rd quarter. Vise Technologies Inc. now owns 8,221 shares of the asset manager’s stock worth $844,000 after acquiring an additional 2,397 shares in the last quarter. State of Wyoming lifted its stake in shares of SEI Investments by 83.7% in the 3rd quarter. State of Wyoming now owns 6,344 shares of the asset manager’s stock valued at $651,000 after purchasing an additional 2,890 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of SEI Investments by 101.5% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,700 shares of the asset manager’s stock valued at $1,406,000 after purchasing an additional 6,900 shares in the last quarter. Founders Financial Securities LLC bought a new stake in shares of SEI Investments during the third quarter valued at approximately $729,000. Finally, Choreo LLC boosted its position in shares of SEI Investments by 12.9% during the third quarter. Choreo LLC now owns 3,078 shares of the asset manager’s stock valued at $316,000 after purchasing an additional 352 shares in the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on SEIC. Raymond James Financial increased their price objective on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. William Blair upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 15th. Weiss Ratings upgraded shares of SEI Investments from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, October 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SEI Investments has a consensus rating of “Buy” and a consensus price target of $125.50.

SEI Investments Stock Performance

Shares of SEIC opened at $103.42 on Monday. The company has a quick ratio of 4.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The stock has a market cap of $12.26 billion, a P/E ratio of 17.99 and a beta of 0.97. The business’s 50 day moving average price is $105.99 and its 200-day moving average price is $92.87. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $112.15.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, October 21st. The asset manager reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. The company had revenue of $662.04 million during the quarter, compared to analyst estimates of $656.25 million. SEI Investments had a return on equity of 30.14% and a net margin of 28.06%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.30 EPS. Equities research analysts anticipate that SEI Investments Company will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michael Lane sold 2,400 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $102.78, for a total value of $246,672.00. Following the sale, the executive vice president directly owned 39,581 shares of the company’s stock, valued at approximately $4,068,135.18. This represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Hicke sold 37,500 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total value of $4,151,625.00. Following the transaction, the chief executive officer owned 192,815 shares of the company’s stock, valued at $21,346,548.65. The trade was a 16.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 103,777 shares of company stock valued at $11,053,383. 4.80% of the stock is owned by insiders.

SEI Investments Profile

SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI’s offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.