SEI Investments Company $SEIC Stock Holdings Trimmed by JLB & Associates Inc.

JLB & Associates Inc. lessened its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 260,197 shares of the asset manager’s stock after selling 6,347 shares during the quarter. SEI Investments comprises approximately 2.9% of JLB & Associates Inc.’s holdings, making the stock its 12th largest position. JLB & Associates Inc. owned approximately 0.21% of SEI Investments worth $21,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after purchasing an additional 30,970 shares in the last quarter. Bank of America Corp DE grew its position in SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after buying an additional 133,057 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in SEI Investments by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock valued at $158,084,000 after buying an additional 31,953 shares during the period. Invesco Ltd. increased its stake in SEI Investments by 4.1% during the 3rd quarter. Invesco Ltd. now owns 1,731,523 shares of the asset manager’s stock valued at $146,920,000 after buying an additional 68,873 shares during the period. Finally, Caisse de depot et placement du Quebec raised its position in shares of SEI Investments by 31.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock worth $114,018,000 after buying an additional 317,703 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Down 1.4%

SEIC stock opened at $89.89 on Friday. The firm has a market cap of $10.81 billion, a PE ratio of 15.34 and a beta of 1.00. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $93.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The firm has a 50 day simple moving average of $81.34 and a 200 day simple moving average of $82.34.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The firm had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities research analysts forecast that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

SEIC has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price target for the company. Morgan Stanley dropped their target price on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Piper Sandler restated an “overweight” rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods increased their price target on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SEI Investments currently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

Insider Activity at SEI Investments

In related news, insider Philip Mccabe sold 15,000 shares of SEI Investments stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total value of $1,377,300.00. Following the transaction, the insider owned 54,884 shares of the company’s stock, valued at approximately $5,039,448.88. This trade represents a 21.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sanjay Sharma sold 25,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total value of $2,253,000.00. Following the sale, the insider owned 39,829 shares in the company, valued at approximately $3,589,389.48. The trade was a 38.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,447 shares of company stock valued at $10,235,499 over the last ninety days. Company insiders own 4.80% of the company’s stock.

SEI Investments Company Profile

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.