Hahn Capital Management LLC Buys 21,994 Shares of SEI Investments (NASDAQ:SEIC)

Hahn Capital Management LLC lifted its position in SEI Investments (NASDAQ:SEIC) by 33.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,222 shares of the asset manager’s stock after acquiring an additional 21,994 shares during the period. SEI Investments makes up approximately 2.7% of Hahn Capital Management LLC’s holdings, making the stock its 20th biggest holding. Hahn Capital Management LLC owned 0.07% of SEI Investments worth $5,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SEIC. IFG Advisory LLC raised its position in shares of SEI Investments by 0.3% during the second quarter. IFG Advisory LLC now owns 59,228 shares of the asset manager’s stock worth $3,831,000 after purchasing an additional 166 shares during the period. Diversified Trust Co increased its position in shares of SEI Investments by 0.4% during the second quarter. Diversified Trust Co now owns 54,212 shares of the asset manager’s stock worth $3,507,000 after acquiring an additional 202 shares in the last quarter. Signaturefd LLC increased its position in shares of SEI Investments by 7.8% during the second quarter. Signaturefd LLC now owns 2,942 shares of the asset manager’s stock worth $190,000 after acquiring an additional 213 shares in the last quarter. Portside Wealth Group LLC raised its holdings in shares of SEI Investments by 5.3% during the second quarter. Portside Wealth Group LLC now owns 4,294 shares of the asset manager’s stock worth $278,000 after acquiring an additional 216 shares during the period. Finally, Metis Global Partners LLC lifted its position in SEI Investments by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 5,584 shares of the asset manager’s stock valued at $355,000 after acquiring an additional 231 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SEIC. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $73.00 price objective (down from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Piper Sandler reduced their price target on SEI Investments from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, SEI Investments currently has an average rating of “Hold” and an average target price of $71.25.

SEI Investments Stock Down 1.4 %

NASDAQ:SEIC opened at $65.40 on Friday. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.33 and a beta of 0.99. SEI Investments has a twelve month low of $52.19 and a twelve month high of $72.54. The stock’s 50 day moving average price is $66.37 and its two-hundred day moving average price is $67.27.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.01. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. The firm had revenue of $518.99 million for the quarter, compared to analyst estimates of $523.80 million. During the same period in the prior year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that SEI Investments will post 4.2 earnings per share for the current year.

Insider Activity at SEI Investments

In other news, Director William Doran sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $67.04, for a total value of $335,200.00. Following the completion of the sale, the director now directly owns 656,386 shares of the company’s stock, valued at $44,004,117.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman Alfred P. West, Jr. sold 27,419 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $67.48, for a total value of $1,850,234.12. Following the transaction, the chairman now owns 7,649,577 shares in the company, valued at approximately $516,193,455.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William Doran sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $67.04, for a total transaction of $335,200.00. Following the sale, the director now owns 656,386 shares of the company’s stock, valued at $44,004,117.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,582 shares of company stock worth $9,277,605. Insiders own 14.30% of the company’s stock.

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.