Insider Selling: SEI Investments (NASDAQ:SEIC) EVP Sells 2,000 Shares of Stock

SEI Investments (NASDAQ:SEIC) EVP Paul Klauder sold 2,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $69.80, for a total value of $139,600.00. Following the completion of the sale, the executive vice president now directly owns 20,752 shares in the company, valued at approximately $1,448,489.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.

SEI Investments Price Performance

Shares of SEIC stock opened at $71.90 on Friday. The business’s fifty day moving average price is $67.24 and its 200 day moving average price is $62.18. SEI Investments has a 1-year low of $52.19 and a 1-year high of $72.54. The firm has a market capitalization of $9.44 billion, a PE ratio of 20.78, a P/E/G ratio of 1.50 and a beta of 1.01.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $484.86 million for the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same period in the previous year, the business earned $0.83 earnings per share. Equities research analysts expect that SEI Investments will post 4 earnings per share for the current fiscal year.

SEI Investments announced that its board has approved a share buyback program on Friday, December 15th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of SEI Investments

A number of institutional investors have recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. purchased a new stake in shares of SEI Investments in the third quarter valued at $27,000. VisionPoint Advisory Group LLC lifted its position 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 valued at $31,000 after acquiring an additional 206 shares in the last quarter. TFO Wealth Partners LLC lifted its position 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 valued at $36,000 after acquiring an additional 565 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of SEI Investments in the third quarter valued at $37,000. Finally, Vestor Capital LLC purchased a new stake in shares of SEI Investments in the second quarter valued at $45,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SEIC has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on SEI Investments from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, December 20th. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Morgan Stanley boosted their target price on SEI Investments from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, December 1st. Finally, Oppenheimer boosted their target price on SEI Investments from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $68.00.

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.