6,018 SEI Investments Company $SEIC Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its holdings in SEI Investments Company (NASDAQ:SEIC) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,044,269 shares of the asset manager’s stock after selling 6,018 shares during the period. SEI Investments makes up 1.0% of Royce & Associates LP’s portfolio, making the stock its 2nd biggest position. Royce & Associates LP owned about 0.88% of SEI Investments worth $107,205,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SEIC. Fortitude Family Office LLC boosted its position in shares of SEI Investments by 95.1% in the third quarter. Fortitude Family Office LLC now owns 240 shares of the asset manager’s stock worth $25,000 after buying an additional 117 shares during the period. Ashton Thomas Securities LLC raised its position in SEI Investments by 1.9% during the third quarter. Ashton Thomas Securities LLC now owns 6,190 shares of the asset manager’s stock valued at $635,000 after buying an additional 117 shares during the period. Elevation Wealth Partners LLC raised its position in SEI Investments by 41.7% during the third quarter. Elevation Wealth Partners LLC now owns 438 shares of the asset manager’s stock valued at $45,000 after buying an additional 129 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in SEI Investments by 7.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the asset manager’s stock worth $168,000 after acquiring an additional 133 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in SEI Investments by 1.2% in the 1st quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager’s stock worth $965,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Down 0.0%

Shares of NASDAQ:SEIC traded down $0.05 during midday trading on Friday, hitting $108.91. 529,234 shares of the stock were exchanged, compared to its average volume of 730,647. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.23 and a current ratio of 4.31. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $112.15. The business’s fifty day simple moving average is $105.42 and its two-hundred day simple moving average is $93.99. The company has a market capitalization of $12.92 billion, a PE ratio of 18.94 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, October 21st. The asset manager reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. SEI Investments had a return on equity of 30.14% and a net margin of 28.06%. The firm had revenue of $662.04 million for the quarter, compared to the consensus estimate of $656.25 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, research analysts predict that SEI Investments Company will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SEIC shares. 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 research report on Thursday, July 23rd. UBS Group reiterated a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a report on Thursday, July 23rd. Weiss Ratings raised shares of SEI Investments from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, October 26th. Wall Street Zen lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Finally, Morgan Stanley raised their price target on shares of SEI Investments from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $125.50.

Insider Transactions at SEI Investments

In other news, Chairman Alfred West, Jr. sold 5,483 shares of SEI Investments stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $103.16, for a total transaction of $565,626.28. Following the completion of the sale, the chairman directly owned 6,784,574 shares in the company, valued at $699,896,653.84. The trade was a 0.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Hicke sold 37,500 shares of SEI Investments stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total value of $4,151,625.00. Following the sale, the chief executive officer owned 192,815 shares of the company’s stock, valued at approximately $21,346,548.65. This represents a 16.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,777 shares of company stock valued at $7,899,863 in the last three months. Corporate insiders own 4.80% of the company’s stock.

SEI Investments Profile

SEI Investments Company is a financial technology and investment services firm founded in 1968 by Alfred P. West Jr. The company provides technology, investment management and operational services to financial institutions and investors. Its offerings include investment processing and administration, outsourced investment management, and technology platforms that support wealth managers, asset managers, financial institutions and institutional investors. SEI also provides investment solutions through its own asset management business.