SEI Investments (NASDAQ:SEIC) Chairman Alfred West, Jr. Sells 55,000 Shares

SEI Investments Company (NASDAQ:SEIC) Chairman Alfred West, Jr. sold 55,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $80.23, for a total value of $4,412,650.00. Following the transaction, the chairman owned 6,883,230 shares of the company’s stock, valued at approximately $552,241,542.90. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

SEI Investments Stock Performance

NASDAQ:SEIC traded up $1.55 during trading hours on Friday, reaching $80.70. The company had a trading volume of 202,573 shares, compared to its average volume of 762,212. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 3.20. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96. The business’s 50 day moving average price is $83.51 and its 200-day moving average price is $83.63. The firm has a market cap of $9.86 billion, a PE ratio of 14.34 and a beta of 0.96.

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

Analyst Ratings Changes

A number of brokerages have weighed in on SEIC. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Morgan Stanley raised their target price on SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and issued a $106.00 price target on shares of SEI Investments in a research note on Friday, February 20th. Keefe, Bruyette & Woods upped their price target on SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, UBS Group started coverage on SEI Investments in a report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, SEI Investments presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Institutional Trading of SEI Investments

Institutional investors have recently modified their holdings of the stock. Bison Wealth LLC purchased a new position in SEI Investments in the 4th quarter valued at about $207,000. Baird Financial Group Inc. purchased a new stake in SEI Investments during the 1st quarter worth approximately $201,000. Geneos Wealth Management Inc. raised its holdings in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Aviva PLC raised its holdings in shares of SEI Investments by 45.5% during the second quarter. Aviva PLC now owns 11,550 shares of the asset manager’s stock valued at $1,038,000 after acquiring an additional 3,613 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of SEI Investments in the second quarter valued at approximately $3,886,000. Institutional investors and hedge funds own 70.59% 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.