Insider Selling: SEI Investments (NASDAQ:SEIC) Chairman Sells $565,626.28 in Stock

SEI Investments Company (NASDAQ:SEIC) Chairman Alfred West, Jr. sold 5,483 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $103.16, for a total value of $565,626.28. Following the sale, the chairman owned 6,784,574 shares in the company, valued at approximately $699,896,653.84. This trade represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

SEI Investments Stock Performance

NASDAQ SEIC opened at $102.43 on Friday. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. SEI Investments Company has a fifty-two week low of $75.08 and a fifty-two week high of $112.15. The business has a fifty day moving average of $106.31 and a 200-day moving average of $94.13. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 18.07 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The business had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. During the same quarter last year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, analysts predict that SEI Investments Company will post 6.21 earnings per share for the current fiscal year.

Key SEI Investments News

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: Wells Fargo initiated coverage with an Overweight rating and a $129 price target, implying upside from recent trading levels and adding to SEIC’s positive analyst consensus. Wells Fargo Initiates SEI Investments at Overweight
• Positive Sentiment: SEI’s Singapore expansion is expected to broaden growth opportunities in asset servicing, professional services and UCITS distribution across Asia. The company also appointed dedicated local leadership, strengthening its international operating platform. Can SEIC’s Singapore Push Add Another Leg to Its Growth Story?
• Positive Sentiment: A Zacks technical analysis identified a bullish “hammer” chart pattern after the recent pullback. The report also cited upward earnings-estimate revisions, suggesting potential near-term support and a possible turnaround. SEI Forms Hammer Chart Pattern
• Positive Sentiment: Recent coverage pointed to roughly 15% revenue growth, supporting the view that SEIC’s asset-management, investment-processing and technology businesses retain solid operating momentum. SEI Investments Reports 15 Percent Revenue Growth
• Neutral Sentiment: SEI’s latest reported quarter exceeded earnings and revenue expectations, with EPS of $1.66 versus a $1.44 consensus and revenue up 14.7% year over year. However, EPS declined from the prior-year quarter, tempering the positive results.
• Negative Sentiment: Chairman Alfred West, Jr. sold 33,877 shares for approximately $3.5 million across September 29–30. The transactions reduced his ownership by about 0.5%, a modest negative signal, although he continues to hold more than 6.78 million shares. SEI Investments SEC Insider Trading Filing

Analysts Set New Price Targets

Several brokerages recently issued reports on SEIC. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Raymond James Financial lifted their target price on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Wells Fargo & Company initiated coverage on SEI Investments in a report on Friday. They issued an “overweight” rating and a $129.00 price target for the company. Piper Sandler increased their price target on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.67.

Institutional Investors Weigh In On SEI Investments

Institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. raised its stake in SEI Investments by 14.7% during the second quarter. QRG Capital Management Inc. now owns 4,450 shares of the asset manager’s stock worth $390,000 after purchasing an additional 570 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of SEI Investments by 3.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,242 shares of the asset manager’s stock worth $1,775,000 after buying an additional 626 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of SEI Investments by 40.4% during the 2nd quarter. Tidal Investments LLC now owns 226,700 shares of the asset manager’s stock worth $19,884,000 after buying an additional 65,207 shares during the last quarter. Archford Capital Strategies LLC acquired a new stake in shares of SEI Investments during the 2nd quarter worth $1,068,000. Finally, NewEdge Advisors LLC raised its position in shares of SEI Investments by 17.1% in the 2nd quarter. NewEdge Advisors LLC now owns 5,730 shares of the asset manager’s stock worth $503,000 after buying an additional 836 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

About SEI Investments

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.