Aurora Investment Counsel Purchases 395 Shares of SEI Investments (NASDAQ:SEIC)

Aurora Investment Counsel lifted its position in SEI Investments (NASDAQ:SEIC) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,018 shares of the asset manager’s stock after buying an additional 395 shares during the period. Aurora Investment Counsel’s holdings in SEI Investments were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Fairfield Financial Advisors LTD purchased a new position in SEI Investments in the second quarter worth about $30,000. TFO Wealth Partners LLC boosted its holdings in shares of SEI Investments by 6,277.8% in the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after buying an additional 565 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in SEI Investments by 78.3% during the first quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock valued at $41,000 after buying an additional 275 shares during the period. Bessemer Group Inc. increased its holdings in SEI Investments by 184.7% during the first quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock valued at $43,000 after buying an additional 386 shares during the last quarter. Finally, Mather Group LLC. raised its position in SEI Investments by 181.2% in the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock worth $50,000 after acquiring an additional 500 shares during the period. Institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

SEIC opened at $69.19 on Tuesday. The company has a 50 day simple moving average of $66.90 and a two-hundred day simple moving average of $67.24. The firm has a market cap of $9.09 billion, a P/E ratio of 18.90, a PEG ratio of 1.37 and a beta of 0.99. SEI Investments has a 1-year low of $52.19 and a 1-year high of $72.54.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the sale, the chairman now owns 7,605,414 shares of the company’s stock, valued at approximately $513,745,715.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 61,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total value of $4,108,960.00. Following the sale, the chairman now owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $67.55, for a total value of $2,983,210.65. Following the transaction, the chairman now owns 7,605,414 shares of the company’s stock, valued at approximately $513,745,715.70. The disclosure for this sale can be found here. Insiders sold a total of 132,582 shares of company stock valued at $8,942,405 over the last 90 days. Company 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.