SEI Investments Co. (NASDAQ:SEIC) major shareholder Alfred P. West, Jr. sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $45.06, for a total transaction of $1,126,500.00. Following the sale, the insider now owns 11,347,282 shares of the company’s stock, valued at $511,308,526.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

SEI Investments Co. (NASDAQ:SEIC) opened at 45.19 on Monday. The stock’s 50 day moving average is $44.85 and its 200-day moving average is $47.16. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 22.82 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.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. SEI Investments had a net margin of 23.87% and a return on equity of 25.02%. The firm had revenue of $354.60 million for the quarter, compared to analyst estimates of $353.82 million. During the same period in the previous year, the business earned $0.47 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate 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 large investors have recently modified their holdings of SEIC. LS Investment Advisors LLC raised its stake in shares of SEI Investments by 26.4% in the second quarter. LS Investment Advisors LLC now owns 13,626 shares of the company’s stock valued at $656,000 after buying an additional 2,848 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of SEI Investments by 32.5% in the second quarter. Nordea Investment Management AB now owns 331,428 shares of the company’s stock valued at $15,945,000 after buying an additional 81,262 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of SEI Investments by 22.9% in the second quarter. Nisa Investment Advisors LLC now owns 67,981 shares of the company’s stock valued at $3,271,000 after buying an additional 12,681 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of SEI Investments by 8.0% in the second quarter. Capstone Asset Management Co. now owns 16,968 shares of the company’s stock valued at $816,000 after buying an additional 1,250 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of SEI Investments by 1.1% in the second quarter. Gateway Investment Advisers LLC now owns 4,820 shares of the company’s stock valued at $232,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. Oppenheimer Holdings Inc. decreased their price target on shares of SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Finally, Zacks Investment Research lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research report on Friday, July 29th.

SEI Investments Company Profile

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.

5 Day Chart for NASDAQ:SEIC

Receive News & Stock Ratings for SEI Investments Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments Co. and related stocks with our FREE daily email newsletter.