SEI Investments Co. (NASDAQ:SEIC) major shareholder Alfred P. West, Jr. sold 4,760 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $44.51, for a total value of $211,867.60. Following the transaction, the insider now owns 1,372,282 shares in the company, valued at approximately $61,080,271.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of SEI Investments Co. (NASDAQ:SEIC) opened at 44.74 on Friday. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 22.60 and a beta of 1.43. SEI Investments Co. has a 12 month low of $32.01 and a 12 month high of $55.11. The company has a 50-day moving average price of $44.89 and a 200-day moving average price of $47.18.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Thursday, October 20th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. SEI Investments had a return on equity of 25.02% and a net margin of 23.87%. The business earned $354.60 million during the quarter, compared to analysts’ expectations of $353.82 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts forecast that SEI Investments Co. will post $1.98 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

A number of institutional investors have recently modified their holdings of SEIC. Northwestern Mutual Wealth Management Co. boosted its position in shares of SEI Investments by 193.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,127 shares of the company’s stock worth $102,000 after buying an additional 1,402 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of SEI Investments by 7.6% in the second quarter. Pacer Advisors Inc. now owns 2,423 shares of the company’s stock worth $117,000 after buying an additional 172 shares during the last quarter. MSI Financial Services Inc boosted its position in shares of SEI Investments by 21.9% in the third quarter. MSI Financial Services Inc now owns 3,412 shares of the company’s stock worth $156,000 after buying an additional 614 shares during the last quarter. Zacks Investment Management purchased a new position in shares of SEI Investments during the second quarter worth about $207,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of SEI Investments during the second quarter worth about $214,000. 70.76% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised SEI Investments from a “sell” rating to a “hold” rating in a research report on Friday, October 21st. Oppenheimer Holdings Inc. dropped their price target on SEI Investments from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods dropped their price target on SEI Investments from $51.00 to $47.00 and set a “market perform” rating on the stock in a research report on Thursday, July 28th.

About SEI Investments

SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.

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