Interval Partners LP Sells 25,839 Shares of SEI Investments Company $SEIC

Interval Partners LP trimmed its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 11.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 203,914 shares of the asset manager’s stock after selling 25,839 shares during the period. Interval Partners LP owned approximately 0.17% of SEI Investments worth $17,302,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC raised its holdings in shares of SEI Investments by 349.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock worth $5,422,000 after buying an additional 49,676 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in SEI Investments by 3,554.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock valued at $2,295,000 after acquiring an additional 26,302 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of SEI Investments by 21.1% during the third quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock valued at $14,786,000 after acquiring an additional 30,411 shares during the period. Vanguard Group Inc. boosted its position in SEI Investments by 0.3% in the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after buying an additional 30,970 shares in the last quarter. Finally, M&G PLC acquired a new position in shares of SEI Investments during the third quarter worth approximately $10,413,000. Institutional investors own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $117.00 price target on shares of SEI Investments in a research note on Monday, January 5th. Keefe, Bruyette & Woods increased their target price on shares of SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. UBS Group assumed coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price objective on the stock. Piper Sandler restated an “overweight” rating and set a $106.00 target price on shares of SEI Investments in a report on Friday, February 20th. Finally, Morgan Stanley boosted their price target on shares of SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, SEI Investments currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

SEI Investments Trading Up 0.9%

Shares of SEI Investments stock opened at $79.89 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 3.20. The business has a fifty day simple moving average of $83.45 and a two-hundred day simple moving average of $83.57. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 14.19 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.04). The company had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. SEI Investments’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Research analysts forecast that SEI Investments Company will post 4.86 EPS for the current year.

Insider Activity at SEI Investments

In related news, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the transaction, the insider owned 921 shares of the company’s stock, valued at $75,282.54. This represents a 81.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Hicke sold 80,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the transaction, the chief executive officer directly owned 197,164 shares of the company’s stock, valued at $17,224,247.04. The trade was a 28.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 146,447 shares of company stock worth $12,318,659. Insiders own 14.60% of the company’s stock.

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.