Mutual of America Capital Management LLC Sells 2,565 Shares of SEI Investments Company $SEIC

Mutual of America Capital Management LLC lessened its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,051 shares of the asset manager’s stock after selling 2,565 shares during the period. Mutual of America Capital Management LLC’s holdings in SEI Investments were worth $4,228,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cadence Bank boosted its stake in SEI Investments by 1.2% during the first quarter. Cadence Bank now owns 10,551 shares of the asset manager’s stock worth $819,000 after acquiring an additional 121 shares in the last quarter. Fifth Third Bancorp boosted its stake in SEI Investments by 12.0% during the second quarter. Fifth Third Bancorp now owns 1,315 shares of the asset manager’s stock worth $118,000 after acquiring an additional 141 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of SEI Investments by 2.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,600 shares of the asset manager’s stock worth $435,000 after purchasing an additional 160 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in shares of SEI Investments by 1.2% in the 1st quarter. Clark Capital Management Group Inc. now owns 15,195 shares of the asset manager’s stock worth $1,180,000 after purchasing an additional 183 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of SEI Investments by 8.0% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,685 shares of the asset manager’s stock worth $208,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total transaction of $443,750.00. Following the transaction, the insider owned 1,300 shares in the company, valued at $115,375. This represents a 79.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl Guarino sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $86.41, for a total transaction of $864,100.00. Following the transaction, the director owned 16,042 shares in the company, valued at approximately $1,386,189.22. This trade represents a 38.40% decrease in their position. 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 three months. 14.60% of the stock is currently owned by company insiders.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $81.41 on Thursday. The company has a market cap of $10.06 billion, a P/E ratio of 15.27, a PEG ratio of 1.25 and a beta of 0.96. The stock’s fifty day moving average price is $86.15 and its 200-day moving average price is $84.65. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, October 22nd. The asset manager reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.05. The business had revenue of $578.51 million for the quarter, compared to analysts’ expectations of $578.75 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. On average, sell-side analysts anticipate 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 several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target on shares of SEI Investments from $98.00 to $93.00 and set a “market perform” rating on the stock in a research note on Monday, October 13th. Raymond James Financial upped their price target on shares of SEI Investments from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Morgan Stanley upped 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, Zacks Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.40.

SEI Investments 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.