SEI Investments (NASDAQ:SEIC) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its holdings in shares of SEI Investments (NASDAQ:SEIC) by 19.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 154,631 shares of the asset manager’s stock after selling 38,459 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.12% of SEI Investments worth $9,218,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GHE LLC boosted its holdings in shares of SEI Investments by 2.0% in the 2nd quarter. GHE LLC now owns 8,202 shares of the asset manager’s stock valued at $489,000 after purchasing an additional 163 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of SEI Investments by 1.1% in the 3rd quarter. Baird Financial Group Inc. now owns 15,900 shares of the asset manager’s stock valued at $780,000 after purchasing an additional 172 shares during the last quarter. Toroso Investments LLC boosted its holdings in shares of SEI Investments by 0.9% in the 4th quarter. Toroso Investments LLC now owns 24,261 shares of the asset manager’s stock valued at $1,414,000 after purchasing an additional 213 shares during the last quarter. Great Diamond Partners LLC boosted its holdings in shares of SEI Investments by 5.3% in the 2nd quarter. Great Diamond Partners LLC now owns 4,516 shares of the asset manager’s stock valued at $269,000 after purchasing an additional 226 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of SEI Investments by 1.4% during the 3rd quarter. M&T Bank Corp now owns 16,808 shares of the asset manager’s stock valued at $826,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 69.64% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC stock opened at $57.99 on Friday. SEI Investments has a 12 month low of $52.19 and a 12 month high of $64.69. The firm has a market capitalization of $7.63 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.43 and a beta of 1.01. The company’s fifty day moving average price is $57.60 and its two-hundred day moving average price is $59.24.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.87 EPS for the quarter, hitting analysts’ consensus estimates of $0.87. SEI Investments had a net margin of 23.99% and a return on equity of 22.48%. The firm had revenue of $476.80 million for the quarter, compared to analyst estimates of $482.52 million. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that SEI Investments will post 3.41 EPS for the current year.

Insider Transactions at SEI Investments

In related news, major shareholder Sei Investments Co bought 1,240,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was bought at an average price of $10.00 per share, with a total value of $12,400,000.00. Following the transaction, the insider now owns 1,250,000 shares of the company’s stock, valued at $12,500,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Sei Investments Co bought 1,240,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was bought at an average price of $10.00 per share, with a total value of $12,400,000.00. Following the transaction, the insider now owns 1,250,000 shares of the company’s stock, valued at $12,500,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $60.58, for a total transaction of $605,800.00. Following the sale, the director now directly owns 72,466 shares of the company’s stock, valued at approximately $4,389,990.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,000 shares of company stock valued at $7,749,881. Insiders own 15.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SEIC. Oppenheimer reduced their target price on shares of SEI Investments from $71.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 5th. Piper Sandler reduced their target price on shares of SEI Investments from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods lifted their target price on shares of SEI Investments from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, Morgan Stanley reduced their target price on shares of SEI Investments from $61.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.40.

SEI Investments Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.