SEI Investments (NASDAQ:SEIC) Institutional Investors Increase Holdings

SEI Investments (NASDAQ: SEIC) has been making waves in the financial world as O Shaughnessy Asset Management LLC recently boosted its position in the company by a whopping 400.7% during the 1st quarter. This move saw the firm acquire an additional 18,342 shares, bringing their total holdings in SEI Investments to 22,919 shares valued at $1,648,000.

But O Shaughnessy Asset Management LLC isn’t the only one showing interest in SEI Investments. Several other institutional investors have also been increasing their stakes in the company. Metis Global Partners LLC, Global Retirement Partners LLC, Chevy Chase Trust Holdings LLC, GAMMA Investing LLC, and SG Americas Securities LLC have all added to their holdings in SEI Investments in recent months.

SEI Investments has also been performing well in terms of its stock price, with a 1-year low of $52.19 and a 1-year high of $72.54. The company has a market cap of $8.68 billion, a PE ratio of 18.05, and a beta of 0.99. Additionally, SEI Investments recently announced a quarterly dividend increase, signaling confidence in the company’s financial health.

In terms of earnings, SEI Investments reported $1.05 EPS for the quarter, beating analysts’ consensus estimates by $0.01. The company’s revenue for the quarter was $518.99 million, up 6.1% compared to the same quarter last year. Analysts are now anticipating SEI Investments to post 4.19 EPS for the current fiscal year.

Insiders at SEI Investments have also been making moves, with Director William Doran and Chairman Alfred P. West, Jr. both selling shares of the company’s stock in recent transactions. Overall, insiders have sold 123,000 shares of company stock worth $8,406,920 in the last ninety days.

Analysts have been closely watching SEI Investments, with Keefe, Bruyette & Woods, Piper Sandler, and Oppenheimer all issuing ratings and price targets for the company. According to data from MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and a consensus price target of $71.25.

With all this activity surrounding SEI Investments, it’s clear that the company is attracting attention from both institutional investors and analysts alike. Stay tuned for more updates on this dynamic financial player.