Alfred West, Jr. Sells 7,447 Shares of SEI Investments (NASDAQ:SEIC) Stock

SEI Investments Company (NASDAQ:SEIC) Chairman Alfred West, Jr. sold 7,447 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $79.26, for a total transaction of $590,249.22. Following the completion of the sale, the chairman owned 6,875,783 shares of the company’s stock, valued at approximately $544,974,560.58. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

SEI Investments Price Performance

SEIC stock opened at $79.89 on Friday. The firm has a market cap of $9.77 billion, a P/E ratio of 14.19 and a beta of 0.96. The firm’s fifty day moving average is $83.45 and its 200 day moving average is $83.57. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The business had revenue of $607.93 million for the quarter, compared to analysts’ expectations of $596.97 million. During the same quarter in the previous year, the company earned $1.19 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts predict that SEI Investments Company will post 4.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $117.00 price target on shares of SEI Investments in a research note on Monday, January 5th. UBS Group initiated coverage on SEI Investments in a research report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price objective for the company. Piper Sandler restated an “overweight” rating and issued a $106.00 target price on shares of SEI Investments in a report on Friday, February 20th. Finally, Morgan Stanley lifted their target price on shares of SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, SEI Investments currently has an average rating of “Moderate Buy” and an average target price of $109.67.

Institutional Trading of SEI Investments

Large investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC grew its position in shares of SEI Investments by 349.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock worth $5,422,000 after buying an additional 49,676 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in SEI Investments by 3,554.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock valued at $2,295,000 after acquiring an additional 26,302 shares during the period. Allianz Asset Management GmbH boosted its stake in SEI Investments by 21.1% during the third quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock worth $14,786,000 after acquiring an additional 30,411 shares in the last quarter. Vanguard Group Inc. boosted its stake in SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock worth $955,461,000 after acquiring an additional 30,970 shares in the last quarter. Finally, M&G PLC purchased a new stake in SEI Investments in the third quarter worth about $10,413,000. 70.59% of the stock is owned by institutional investors.

About SEI Investments

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.