Alfred P. West, Jr. Sells 70,000 Shares of SEI Investments (NASDAQ:SEIC) Stock

SEI Investments (NASDAQ:SEICGet Free Report) Chairman Alfred P. West, Jr. sold 70,000 shares of SEI Investments stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $68.62, for a total value of $4,803,400.00. Following the completion of the sale, the chairman now owns 7,795,471 shares in the company, valued at $534,925,220.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SEI Investments Stock Down 0.1 %

SEIC stock opened at $67.74 on Wednesday. The business has a 50 day moving average of $68.66 and a 200 day moving average of $64.53. The firm has a market cap of $8.90 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.03. SEI Investments has a twelve month low of $52.19 and a twelve month high of $72.54.

SEI Investments (NASDAQ:SEICGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. On average, research analysts expect that SEI Investments will post 4.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gould Capital LLC raised its holdings in SEI Investments by 1.3% in the 3rd quarter. Gould Capital LLC now owns 14,744 shares of the asset manager’s stock worth $872,000 after acquiring an additional 195 shares during the last quarter. VisionPoint Advisory Group LLC raised its stake in shares of SEI Investments by 67.1% in the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after purchasing an additional 206 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of SEI Investments by 2.7% during the third quarter. Fiera Capital Corp now owns 8,215 shares of the asset manager’s stock valued at $495,000 after purchasing an additional 215 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of SEI Investments by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 5,584 shares of the asset manager’s stock valued at $355,000 after buying an additional 231 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in SEI Investments by 32.6% in the 1st quarter. Global Retirement Partners LLC now owns 948 shares of the asset manager’s stock worth $68,000 after buying an additional 233 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $74.00 target price (up previously from $72.00) on shares of SEI Investments in a report on Thursday, April 25th. Finally, Oppenheimer raised their target price on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.00.

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About SEI Investments

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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.

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Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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