SEI Investments (NASDAQ:SEIC) Shares Sold by Sepio Capital LP

Sepio Capital LP reduced its holdings in shares of SEI Investments (NASDAQ:SEIC) by 12.8% in the 4th quarter, HoldingsChannel reports. The fund owned 42,083 shares of the asset manager’s stock after selling 6,196 shares during the quarter. Sepio Capital LP’s holdings in SEI Investments were worth $2,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in SEI Investments in the 4th quarter worth approximately $32,161,000. Invesco Ltd. raised its stake in shares of SEI Investments by 73.1% in the 3rd quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager’s stock valued at $67,798,000 after purchasing an additional 475,226 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of SEI Investments by 299.3% in the 3rd quarter. Acadian Asset Management LLC now owns 477,981 shares of the asset manager’s stock valued at $28,778,000 after acquiring an additional 358,282 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SEI Investments by 69.3% during the third quarter. Envestnet Asset Management Inc. now owns 381,037 shares of the asset manager’s stock worth $22,950,000 after purchasing an additional 155,991 shares during the period. Finally, FMR LLC lifted its holdings in SEI Investments by 43.8% in the third quarter. FMR LLC now owns 360,732 shares of the asset manager’s stock worth $21,727,000 after acquiring an additional 109,962 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Performance

NASDAQ:SEIC traded up $0.46 during trading hours on Friday, hitting $68.19. The stock had a trading volume of 352,099 shares, compared to its average volume of 550,659. SEI Investments has a one year low of $52.19 and a one year high of $72.54. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.37 and a beta of 1.03. The business’s 50 day moving average is $68.52 and its 200-day moving average is $65.13.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The business had revenue of $511.58 million for the quarter, compared to analyst estimates of $510.41 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that SEI Investments will post 4.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the sale, the chairman now directly owns 7,884,834 shares in the company, valued at $557,852,005.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Alfred P. West, Jr. sold 150,000 shares of SEI Investments stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the sale, the chairman now owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Klauder sold 2,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $69.80, for a total value of $139,600.00. Following the transaction, the executive vice president now owns 20,752 shares in the company, valued at $1,448,489.60. The disclosure for this sale can be found here. Insiders have sold 289,363 shares of company stock valued at $20,220,667 over the last ninety days. 14.30% of the stock is currently owned by company insiders.

SEI Investments Company Profile

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.